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Debate House Prices
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Now Rental demand also outstripping supply....
Comments
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But Hamish, in my area prices are falling. Still. Rents are falling. So a 'hard core bear' in my area is actually a fairly sensible person. Honest mate, prices are still dropping. The market has completely changed over the last couple of years.HAMISH_MCTAVISH wrote: »Doesn't change the fact prices are indeed rising though.....
There is no help for the hard core bears. They won't realise how stupid they've been until it's far too late, and it's cost them a packet.0 -
Why isn't McTittish buying any more houses?"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
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But Hamish, in my area prices are falling. Still. Rents are falling. .
Possibly so. (But you must live in a really depressed area, because most are not)
Prices are rising in 10 out of 12 regions of the UK. As far as I know, prices are higher than they were at trough in 12 out of 12 regions of the UK.
If you can point me to Haliwide or LR figures for your area, I'm happy to be shown otherwise.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I see no rises in rents at all here, and there are many places on PB that have been empty over 12 months now!
Have however seen a surge of amatuer landlords wanting rid of tenants ASAP, due to a quick-sale offer (they say)We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung
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I wouldn't say it was depressed area particularly. But it was previously a bubble area.HAMISH_MCTAVISH wrote: »Possibly so. (But you must live in a really depressed area, because most are not)
Prices are rising in 10 out of 12 regions of the UK. As far as I know, prices are higher than they were at trough in 12 out of 12 regions of the UK.
If you can point me to Haliwide or LR figures for your area, I'm happy to be shown otherwise.0 -
HAMISH_MCTAVISH wrote: »http://www.telegraph.co.uk/finance/personalfinance/7059163/Buy-to-let-boost-as-demand-for-rented-homes-is-up-24pc.html
Rents will be going up this year, without a doubt.
Supply of properties for sale decreasing, supply of properties for rent decreasing, population increasing, and housebuilding woefully failing to keep up with population growth.
The housing shortage deniers are looking more foolish by the day.
I agree Hamish. I have seen this to. What I find odd is I am seeing lots more properties coming to market for sale, but people seem to want to rent instead. Maybe they know something I do not. I guess it’s because 2010 is currently looking scarily odd.0 -
I wouldn't say it was depressed area particularly. But it was previously a bubble area.
Which doesn't answer my point.
Prices are rising in 10/12 regions.
Prices are higher than at trough in 12/12 regions.
Feel free to show us on LR that prices are still falling in your area though....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Here are the stats = I've xxx'd out the actual area.HAMISH_MCTAVISH wrote: »Feel free to show us on LR that prices are still falling in your area though....
Land Registry Official Report
Area: xxxxxxxx
2009 YOY -14.3%0
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