House prices up £5000 in a year. Property Still Strong.

Graham_Devon

Nicholas Leeming, commercial director of the property website Zoopla, which carried out the analysis, said: “An extra £5,000 on the value of the average British home is good news and defies many of the predictions made at the start of the year.”

The value of Britain’s housing stock rose to £5.55trillion in 2010, according to figures released today.

It means every house owner in the UK recorded a daily average rise of £13.64 – or £4,978 annually – as a typical three-bedroom semi rose 2.36 per cent in value to £215,824 from £210,846 last December.

Property experts were last night hailing the increase as proof of the resilience of bricks and mortar in a fragile economic environment.

Pessimists had forecast a crash as banks and building societies caused a mortgage drought by refusing to lend and the recession took its toll.

But Britons refused to give up their home-owning dream and clawed their way on to the housing ladder, or up it.

http://www.dailyexpress.co.uk/posts/view/217482

I bet those property experts doing the hailing haven't invested further

Feel free to read more. There are interesting insights from EA's and other VI's.

Silly people in the comments section should be done for slander.

HAMISH_MCTAVISH

Graham_Devon wrote: »

Silly people in the comments section should be done for slander.

It's already posted on hpc, so we all know where those comments have come from.;)

Graham_Devon

HAMISH_MCTAVISH wrote: »

It's already posted on hpc, so we all know where those comments have come from.;)

It was also mentioned on the news, with the presenter stating "not sure about that one" after reading the papers headlines.

That's what made me go find it

Do you work for the Express, btw?

shupufski_2

Ahh the Express!

Its Hamish's favourite jazz mag.

doire_2

The Express? :rotfl:

shortchanged_2

And all this time Hamish I though you were a fella. What a suprise to find out your name is Sarah O'Grady.

Euphoria1z

my property was valued a few weeks back, ive lost 15k on paper as the surveyor valued it 9% less than what i paid for it in 2007 and its in Edinburgh. :(

brit1234

HAMISH_MCTAVISH wrote: »

It's already posted on hpc, so we all know where those comments have come from.;)

Really Hamish?

Sorry I saw the headline on BBC news 24 about 1am and commented, the first comment in fact. I am also not a HPC member.

So there is your answer, comments from MSE, get over it.

ukcarper

Using latest Land registry figures average house price
Oct 2009 £160,118
Oct 2010 £165,505

I’m not making any comment on what it will be at end of year

Graham_Devon

ukcarper wrote: »

Using latest Land registry figures average house price
Oct 1009 £160,118
Oct 2010 £165,505

I’m not making any comment on what it will be at end of year

Try Jan - Dec

Or even Dec - Dec.

Most people don't think of a year as Oct-Oct. And it's not what the article is about, either.

ukcarper

Graham_Devon wrote: »

Try Jan - Dec

Or even Dec - Dec.

Most people don't think of a year as Oct-Oct. And it's not what the article is about, either.

I’m not clairvoyant they are the latest Land Registry figures.