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MSE News: Nationwide: first house price fall in 10 months
Former_MSE_Archna
Posts: 1,903 Forumite
This is the discussion thread for the following MSE News Story:
"It attributed the 1% drop to a combination of the severe winter weather and the end of the Government's stamp duty holiday ..."
"It attributed the 1% drop to a combination of the severe winter weather and the end of the Government's stamp duty holiday ..."
Read the full story:
Nationwide: first house price fall in 10 months
Nationwide: first house price fall in 10 months
These threads have been merged to avoid duplication. Thanks to Spiv for the original post.
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Comments
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http://www.nationwide.co.uk/hpi/House prices slip in the winter snow during February
- House prices fell by 1.0% month-on-month in February
- Price decline may be explained by snowy weather and expiry of stamp duty holiday
- Too early to say whether February’s drop is start of a new trend
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so I'll look forward to march/april's figures and stand safely by, as the attack dogs from both sides on here start giving in-depth analyses.0
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Best you change your signature block Hamish.....0
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nice one:beer::cool:
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Some good news for all those FTB'rs out there, this must mean in those 7% of postcodes that were rising, that the snow must have been particularly bad.:D
In all seriousness, this isn't surprising, perhaps now it may start to leak out to the masses that rises in prices in the majority of areas just never existed in the first place.0 -
Ohhh my god.. a thread about house prices not posted by Hamish.
Seriously though, the cold weather would put people off buying too... so while even im a bear i'll reserve judgement until it drops at least a few months in a row. Whats ironic is im starting to look to buy lol.0 -
Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
Why does snowy weather have any impact ? Are they implying that the snow only affecting the sales of bigger/higher priced houses ? I thought the mix adjustment factors account for this.
Clutching at straws for reasons, rather than admitting prices are just simply falling because they are too expensive.0 -
House Prices crash 1% in February
Oh No! Hamish McHaggis just choked on his porridge!! :rotfl:0 -
The BBC are spinning it as usual
However to be honest i think the Haliwide figures are a load of nonsense showing the UK average based on very very low transactions.0
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