House prices fall 0.6% in June Halifax

ILW

Are these figures inflation adjusted or nominal?

HAMISH_MCTAVISH

Wow.

House prices rise by less than expected for this time of year (seasonally adjusted..), and all the bitter angry kittens come out to play.

Trolltastic.

Graham_Devon

HAMISH_MCTAVISH wrote: »

Wow.

House prices rise by less than expected for this time of year (seasonally adjusted..), and all the bitter angry kittens come out to play.

Trolltastic.

Only Hamish could twist it into a rise

IveSeenTheLight

Niche wrote: »

The people who want/need rises are the ones who bought their BTL properties in 2006/7 or are FTB who bought around the same time.

I bought one of my BTL's in Jan 2007.
Your assumption couldn't be farther from the truth however.

I needed a 20% deposit when I initially got the BTL morgage.
I'm now on an SVR with the LTV at less than 60% due to both the house price rising sine it was bought (can be shown in theory against the average area prices) and overpaying the mortgage.

http://www.ros.gov.uk/pdfs/la_jan07.pdf
Jan 07 average price = £148,488

http://www.ros.gov.uk/pdfs/local%20authorities%20may%202010%20(2).pdfMay 10 average price = £172,550

Many people have taken advantage of the low interest rates, lowering the interest paid on their mortgages and thus have been paying of more capital.

doire_2

Blacklight wrote: »

Oh well done. I have been looking for this story on the BBC website but I couldn't see any mention of it on the front page.

More rubbish from the usual suspect i see

IveSeenTheLight

doire wrote: »

More rubbish from the usual suspect i see

Stop looking in the mirror then

(Oh no, I've decended into chucky and phlash's schoolboy tit for tat)
don't lower yourself ISTL

chucky

IveSeenTheLight wrote: »

Stop looking in the mirror then

(Oh no, I've decended into chucky and phlash's schoolboy tit for tat)
don't lower yourself ISTL

it's always good to lower yourself once in a while ISTL - you then get to see the the low-lifes mind-set.

angrypirate

HAMISH_MCTAVISH wrote: »

Wow.

House prices rise by less than expected for this time of year (seasonally adjusted..), and all the bitter angry kittens come out to play.

Trolltastic.

Yeah, i see your point. A non seasonally adjusted monthly figure of -1.66% is nothing to get excited about.

Just like last months non seasonally adjusted monthly figure of -0.91%.

Emy1501

With all the talks of cuts etc and surveys from the beginning of the year suggesting that the number of FTB's were falling these figures are not a surprise.

I suspect by this time next year we will be below 2009 lows based on Halifax figures. Can't see anything going forward thats likely to allow prices to rise unless the governments going to have a change of heart and stop the cuts.

We are starting to see that last years rises were caused by the stamp duty holiday, people with cash including STR's buying back into the market etc as their savings were making no money and the lowering of interest rates meaning some who would have been forced sellers no longer needing to sell.

ILW

i suspect its all because of the world cup.