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Debate House Prices


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Rics: Prices falling.

«1345

Comments

  • peakoil_2
    peakoil_2 Posts: 206 Forumite
    not looking good for some, looking better for others.
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Happy days.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
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  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    It's an impasse. Supply is down and so is demand, mortgage availability still pretty bad and prices remaining more or less static.

    Not good news whether you're a potential buyer or a seller IMHO.
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Some of the member comments from the report :rotfl:

    Heyman wrote: »
    It's an impasse. Supply is down and so is demand, mortgage availability still pretty bad and prices remaining more or less static.

    Not good news whether you're a potential buyer or a seller IMHO.

    Mortgage availability is very good if you save for a deposit. People better get used to it because thats how its going to be for a long time.
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    geneer wrote: »
    http://citywire.co.uk/money/house-prices-fall-as-property-market-hits-stalemate/a507375


    Indicators not looking good.

    not sure I understand you .... gowing down = good!
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    doire wrote: »
    Mortgage availability is very good if you save for a deposit. People better get used to it because thats how its going to be for a long time.

    Can't argue with the first part - definitely wish we'd gotten more of a deposit together and in today's climate you need it to access the best mortgage deals.

    Still, having said that - even with a 30-40% deposit, most of the lenders want £1000 or £2000 in fees to put you on a decent 2 year fix at the moment :eek:
  • ILW
    ILW Posts: 18,333 Forumite
    Heyman wrote: »
    Can't argue with the first part - definitely wish we'd gotten more of a deposit together and in today's climate you need it to access the best mortgage deals.

    Still, having said that - even with a 30-40% deposit, most of the lenders want £1000 or £2000 in fees to put you on a decent 2 year fix at the moment :eek:

    Sounds funny to hear people saying that any thing over 5 or 6% is a very expensive mortgage. I remember being very grateful for single figures.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    Of all the people who comment on house prices RICS are about the least knowledgeable. Land Registry must be the best (although a bit laggy), Nationwide second best (although a bit small in volume), and Halifax are just below RICS.
  • geneer
    geneer Posts: 4,220 Forumite
    Pimperne1 wrote: »
    Of all the people who comment on house prices RICS are about the least knowledgeable. Land Registry must be the best (although a bit laggy), Nationwide second best (although a bit small in volume), and Halifax are just below RICS.

    Thanks Pimp.
    If you can just keep repeating the same things, ad infinitum, whenever any measure of HPI is discussed, that would be swell.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    geneer wrote: »
    Thanks Pimp.
    If you can just keep repeating the same things, ad infinitum, whenever any measure of HPI is discussed, that would be swell.

    Just wondered if the guys on here had heard that before (honestly, I've got bigger fish to fry). ;)
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