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Debate House Prices


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U.K. House Prices Rise 0.3% on Pent-Up Demand, Acadametrics

Spiv_2
Spiv_2 Posts: 280 Forumite
in Debate House Prices & the Economy
U.K. house prices rose in February as “pent-up demand” supported values and countered mortgage- lending constraints, research company Acadametrics Ltd. and LSL Property Services Plc said.

Link from Bloomberg
«1

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    From the OP's post:
    The number of transactions rose about 5 percent to 41,200 in February, Acadametrics said. That’s the second-weakest February since 1995, when Land Registry data began, and is about 61 percent of the average monthly sales transactions over the last 16 years.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    U.K. house prices rose in February

    Interesting.....
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • B_Blank
    B_Blank Posts: 1,105 Forumite
    No mortgages being given (record lows), IR going up, market already falling (5% last 6-8 months across UK), unemployment due to rise. CRash is coming baby! Watch out!!! CRASH!!!!
    I am not a financial expert, and the post above is merely my opinion.:j
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    B_Blank wrote: »
    I am not a financial expert,

    Obviously....
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    B_Blank wrote: »
    CRash is coming baby! Watch out!!! CRASH!!!!

    ... that was Japan wasn't it?

    I think you're on the wrong thread.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    SUFFER_THE_LITTLE_GHOULS wrote: »
    But but but I thought the ghouls assuured us we were in the fear stage.

    Who and what exactly are the 'ghouls'?
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • the_flying_pig
    the_flying_pig Posts: 2,349 Forumite
    edited 12 March 2011 at 1:41PM
    SUFFER_THE_LITTLE_GHOULS wrote: »
    The filth that reside on hpc and here that cheerlead the decimation of the economy and hard-working families unemployment, repossession, and homelessness. All so they can snap up a dream house on the cheap.

    you need to get a bit more creative with your monickers.

    how about GHOULIO_IGLESIAS or I_PITY_THE_GHOULS or summat like that?
    FACT.
  • macaque_2
    macaque_2 Posts: 2,439 Forumite
    Spiv wrote: »
    Link from Bloomberg

    The source of this information was LSL property services.
    Countrywide and LSL Property Services have set aside a combined £22.8m to deal with an increase in claims from mortgage lenders that are alleging inflated valuations.


    http://www.mortgagestrategy.co.uk/distribution/countrywide-and-lsl-set-aside-%C2%A3228m-to-tackle-claims/1027214.article

    LSL have been spinning frantically for months. They have a lot to lose. A more balanced report can be found in the Independant:
    Britain's housing market is on the verge of another precipitous lurch downwards, data published yesterday suggests, with mortgage lending now at its lowest level since the height of the financial crisis in the final few months of 2008.

    http://www.independent.co.uk/news/business/news/housing-crisis-as-home-loans-slump-to-new-low-2239806.html
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    SUFFER_THE_LITTLE_GHOULS wrote: »
    But but but I thought the ghouls assuured us we were in the fear stage.

    Judging by your totally mental, multi-personality disorder behaviour I would say you are well past the fear stage.
    Why are we here?......................because we are not all there.
  • THE_GHOULS_APPRENTICE
    THE_GHOULS_APPRENTICE Posts: 6 Forumite
    A lovely little house just up the road from me sold only last week. My local friendly estate agent informed me that there was a bidding war and it went for £60K above its asking price. I'm really delighted for the vendor. It's an excellent result all round.
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