UK house prices are about the only inflation-free zone right now.

Hsarcgib

Everything else is going up yet UK house prices are still falling.


● UK house prices are about the only inflation-free zone right now. The latest survey from Halifax showed that house prices fell by 3.4% last year in nominal terms (it'd be more if you include inflation of course).

http://www.moneyweek.com/news-and-charts/economics/moneyweek-roundup-saturday-15-january-2011-10012.aspx

arby

totally agree with the above poster; at street level i'm seeing falls much bigger than 3.4%

Hsarcgib

REAL_MEN_HAVE_SEMIS wrote: »

If thats true then its bad news however it doesn't match what I am seeing on the street level.

You disagree with the Halifax figures? Or do you disagree that we are seeing big inflation with food energy and other things?

mcc100

REAL_MEN_HAVE_SEMIS wrote: »

Halifax figures don't correlate to what I'm seeing round here.

Couldn't agree more. The falls around here seem to be much more than the 3.4% quoted by Halifax.

The property pages in the local rags are full of HUGE REDUCTION ... PRICE REDUCED ..... OFFERS CONSIDERED ....

shortchanged_2

REAL_MEN_HAVE_SEMIS

Interesting new user name ghoulies.

Have you thought of trying Viagra or possibly a ring to sort out this type of problem?

shortchanged_2

The big thing for the EA's round where I am at the moment is advertising a property with a January sale price and knocking £5-10k off the asking price.

Desperate tactics. :rotfl:

Pimperne1

Hsarcgib wrote: »

You disagree with the Halifax figures? Or do you disagree that we are seeing big inflation with food energy and other things?

Its not just me that disagrees with Halifax figures:

http://housepricecrash.co.uk/indices-nationwide-national.php

Hsarcgib

arby wrote: »

totally agree with the above poster; at street level i'm seeing falls much bigger than 3.4%

Shame he has deleted his post now, but you can still see it because I quoted it below your post.

shortchanged_2

Dirk_Rambo wrote: »

i thinks goolies just got banned again. its a crieing shame that. come back soon m8

The thing is he makes it so flippin obvious it's him with his GHOULIES_IS_A_TOTAL_PE**S style of username.

Hsarcgib

REAL_MEN_DRIVE_AUDIS wrote: »

This must be some mistake. House Prices are racing ahead. You've got to buy now before prices go up even more. You don't want to be paying your landlord's mortgage for the rest of your life. Your landlord is laughing his leg off at your renters.

Its OK Goolies our landlords monthly payments are going to start going up this year. Then up and up regularly from now on. Also rents and house price are falling compared to inflation.

It always used to be safe as houses to protect yourself from inflation to buy property.

It seems now everything else is getting inflation but UK property is still in a long term bear market.

Pimperne1

Hsarcgib wrote: »

Its OK Goolies our landlords monthly payments are going to start going up this year. Then up and up regularly from now on. Also rents and house price are falling compared to inflation.

It always used to be safe as houses to protect yourself from inflation to buy property.

It seems now everything else is getting inflation but UK property is still in a long term bear market.

I think you should ready yourself for either an increase in rent or a move to a cheaper property. House prices falling compared to inflation is a bit of a laugh - you put a £20k deposit on a £200k house and you expect the house price, not your deposit, to go up by inflation - wouldn't that just be a license to print money (Oh, before anyone tells me, I know the house price usually does outstrip inflation all I am saying is that it shouldn't be viewed as a disaster if it doesn't).