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Debate House Prices
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Are we already in a new major upswing?
Turnbull2000
Posts: 1,807 Forumite
More and more regions and cities are hitting double digit inflation. I suggested last year that we're in another boom, and with London, South West and South East all since experiencing massive rises, it's certainly beginning to feel like it.
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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No, we aren't but the drugs are clearly working for you.0
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Cleary not. All the lattest data has shown a massive slow down, stabalisation and falls in price over the last couple of months.
Yes there are some top end purchases in London from Greeks and Russians distorting that market based on such low transaction levels.
What is important to remember is economic fundamentals prevent big rises and funding is set to get far more restrictive as the year goes on.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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House prices are still falling round my way, that much I do know.0
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I spent a lot of time in November looking on Rightmove. I looked again a few weeks ago and it was mainly the same stock. Prices were being lowered.Happy chappy0
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tomstickland wrote: »I spent a lot of time in November looking on Rightmove. I looked again a few weeks ago and it was mainly the same stock. Prices were being lowered.
Your signature is apt "oh dear"
Asking prices is not the same as selling prices.
If a house was sold for £100k last year and marketed this year at £130k, then lowered to £125k, then lowered to £120k before selling at £115k
Has that house lowered in value or increased?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Dirk_Rambo wrote: »House prices are still falling round my way, that much I do know.
Interesting.
Local areas can react much differently to the overall UK average.
Care to share your locality so that we can discuss in more detail?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Cleary not. All the lattest data has shown a massive slow down, stabalisation and falls in price over the last couple of months.
Yes there are some top end purchases in London from Greeks and Russians distorting that market based on such low transaction levels.
What is important to remember is economic fundamentals prevent big rises and funding is set to get far more restrictive as the year goes on.
Just like the economic fundamentals that drove the 2002-2007 upswing? Oh hang on...Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
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I'll just add a boom would be classed as 1% or more rises, per month over at least 6 months - in the same way a crash is defined as drops of similar levels.
If we were in a boom, this months figures just killed it's boomingness -better luck in December as the next realistically timed "boom" opportunity.
For me, during the last twelve months in the local borough (not town) we've seen six monthly drops, four in the last six months.
Not so much boom, more akin to plop type sound...
Amazing how averages are so misleading eh?0 -
Turnbull2000 wrote: »The price data says otherwise.
Latest land registry data suggests otherwise. A below inflation rise incase you missed it.0
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