London house prices already exceed 'peak' of 2007

1984ReturnsForReal_2

nembot wrote: »

If I had property allegedly worth 600k and earned 100k+ per annum, I wouldn't be on a hidden forum with around 30 active posters desperately trying to convince the rest of the world that house prices are rising.

I'd be enjoying life a little more.

Something smells fishy to me....

Hamish is Mr.Kipper.

You can tell by the way he is always spouting on about estate agents..

HAMISH_MCTAVISH

nembot wrote: »

I wouldn't be on a hidden forum with around 30 active posters desperately trying to convince the rest of the world that house prices are rising.

If I was desperately trying to convince the world that house prices are rising, I wouldn't pick a hidden forum with 30 active posters.

In fact, I wouldn't even pick an extremist fringe group forum (like hpc) with a few hundred active posters.

I'd probably need a bit more coverage than that, what with there being 90,000 sales a month at the moment.;)

DaddyBear

HAMISH_MCTAVISH wrote: »

If I was desperately trying to convince the world that house prices are rising, I wouldn't pick a hidden forum with 30 active posters.

In fact, I wouldn't even pick an extremist fringe group forum (like hpc) with a few hundred active posters.

I'd probably need a bit more coverage than that, what with there being 90,000 sales a month at the moment.;)

And yet you keep on and on and on and on and on........
So tell me Hamish, having championed the 4.5% rise in Aberdeen prices over the last month (Probably skewed by the sale of one multi-million pound house), exactly how has that made any difference to your life???

nollag2006

I know in my old stomping ground of Harpenden that 4 bed detached in good parts of town are again changing hands at over the £1m mark. Last time we saw that was mid 2007.

But then again, being on the Thameslink, it is a stockbroker belt town.

Hopefully, this growth will quickly permeate across the rest of the country

nollag2006

amcluesent wrote: »

FACT - If you're out the property market now, you've left it too late... _pale_

I wouldn't agree 100% on that - we are just in the early stages of a bull run. 2011 and 2012 will see rapid house price gains, but 2010 could be quiet coming up to the election.

Still a bit of time to get on board

doire_2

nollag2006 wrote: »

I wouldn't agree 100% on that - we are just in the early stages of a bull run. 2011 and 2012 will see rapid house price gains, but 2010 could be quiet coming up to the election.

Still a bit of time to get on board

:rotfl::rotfl::rotfl:

With high unemplyment , public sector cuts and little in the way of wage increases....yeah people will have the cash to make sure that happens

HAMISH_MCTAVISH

DaddyBear wrote: »

And yet you keep on and on and on and on and on........
So tell me Hamish, having championed the 4.5% rise in Aberdeen prices over the last month (Probably skewed by the sale of one multi-million pound house), exactly how has that made any difference to your life???

You should really make the effort to check your facts...... You'd look less silly that way.

RoS, the source of the figures, exclude sales of all houses over one million pounds.

They also mix adjust to remove skew from higher priced properties selling.

And volume is up 20% on this time last year when prices were falling like a rock, yet you keep claiming low volume skews the figures..... So the figures were fine at lower volumes then today when they were falling, but now they are rising on higher volumes, they are skewed?:rolleyes:

DaddyBear

HAMISH_MCTAVISH wrote: »

You should really make the effort to check your facts...... You'd look less silly that way.

RoS, the source of the figures, exclude sales of all houses over one million pounds.

They also mix adjust to remove skew from higher priced properties selling.

And volume is up 20% on this time last year when prices were falling like a rock, yet you keep claiming low volume skews the figures..... So the figures were fine at lower volumes then today when they were falling, but now they are rising on higher volumes, they are skewed?:rolleyes:

I don't remember saying figures were fine on lower volumes.
So you actually believe that house prices in Aberdeen are rising at an annualised rate of 54%????

HAMISH_MCTAVISH

DaddyBear wrote: »

I don't remember saying figures were fine on lower volumes.

But I do remember you claiming they are skewed by low volumes now.

Perhaps you could point me to all your posts on hpc when prices were falling on even lower volumes, where you stated the falls were innacurate as they were skewed by low volumes.

Surely you wouldn't be so hypocritical as to celebrate falls on lower volumes then, but slate them now, would you?

So you actually believe that house prices in Aberdeen are rising at an annualised rate of 54%????

In November they did, Yes. It won't continue for 12 months though, as we both know.

Prices rose by 13% from November to November. I expect the Annual change rate to cross 20% sometime in spring, and for prices to cross peak shortly thereafter.

Although in reality, they are already past peak for all but two months in 2007, and one in 2008. (Edit: Just checked RoS weekly flash, they are now above the 2008 month. Now less than 1% below absolute peak)

Why do you have such a hard time believing the figures now, when you obviously did not challenge them when they were falling?

chucky

amcluesent wrote: »

FACT - If you're out the property market now, you've left it too late... _pale_

and it's taken people this long for... :rolleyes: