It's official: Property has risen this year and is set to climb by 15% within 2 years

breadlinebetty

It's official - property prices have increased this year, and are set to continue rising...............

The end of year report in the Daily Telegraph shows how and why property has risen this year.

The report also states that in just 2 years from now, property values will be 15% higher than they are today. Read on...............

http://www.telegraph.co.uk/finance/economics/6890962/Buyers-priced-out-of-the-UK-housing-market.html

Those procrastinators have missed the boat again. That's what happens when you listen to doommongers!

Radiantsoul

The problem is that the lack of credit means many of the procrascinators cannot buy.

Also the fact that house prices have risen is a fact, but that they will rise by 15% is merely a forecast that may or may nor prove true. It would be interesting to see what these forecasters were saying two or three years ago!

googler

Based on the sales recored in zoopla, ourproperty etc, the average house price in my county went up by 16% between first half of 2009 and second (based on 4 mths to October).

One look at the distribution of sales tells us why - sales at £200k and below are down, sales in the £300k - £1mill range are up, over double what they were in the first six months (and bear in mind second half figures are only based on four months.....).

Regardless of whether or not individual prices are up or down, this distribution drags the average up.

What are the quoted figures from the OP based on? Averages?

Running_Horse

You would think they would create a new forum for house price discussions.

musemad

Property has risen this year yes - but there is a big black cloud on the way in the raising of vat in the new year and the re-imposition of stamp duty - these two measures alone will knock the housing market back to where it was in jan 2009

Rob_Marx

so which estate agent do you work for betty? hope you get paid well it must be a crap job having to go round telling lies all day and post them on forums as well:rotfl:

PayDay

However, the combination of record low interest rates and a series of Government programmes to support homeowners have helped prices to turn around far quicker than expected.

Yes, interest rates will go lower and the government will continue to borrow to pay the mortgages of those that lose their jobs! :rolleyes:

I'm all for being an optimist, but not at the expense of reality.

poppysarah

Yeah, house prices going up is such a good idea.

Unaffordable housing is just what this country needs.

Wealth built on debt is such a fantastic way of running the country.


</sarcasm>

SingleSue

Running_Horse wrote: »

You would think they would create a new forum for house price discussions.

Don't worry, he/she posted it on there too.

peterdee_2

I cant imagine how house prices will rise significantly in the next 6 months, as houses are still unaffordable for first time and less well-off buyers, especially with current mortgage rates being relatively high. Wealthy buyers might stimulate demand for very high value house values in the near future - possibly leading to these being the first to recover from the downturn

rumbaba

They have gone up round my way and have been doing so all year. End of the day property always goes up. I dunno why people are so surprised by it.

Interest rates are low and banks are lending again - contrary to what some of the folk on here say.

I can't understand why people get upset about house prices anyway. If they don't wanna buy as they claim, then what does it matter to them how much they cost? Never understood that! A bit of sour grapes if you ask me. People always get jealous and green with envy to think someon'es been fortunate enough, or worked hard enough to get their foot on the ladder, land on their feet, and end up with an asset i.e. their own home worth hundreds of thousands.