Average house price up 4% since Dec 2010

Blacklight

Although prices are almost the same as they were a year ago, since July 2010 they have fallen and then recovered, according to the Nationwide's measurement.


Since December 2010, the average house price, not seasonally adjusted, has now gone up by 4%.

BBC

Glad I wasn't waiting for 50% off by Christmas.

tleefox

Anyone who thinks that there is going to be significant further falls in house prices is an idiot - house prices in my opinion bottomed out a long time ago and I would suggest that the only way from here is up.

With the low cost of borrowing if you have the required deposit, now is the time to buy.

ruggedtoast

The problem is that borrowing isnt especially cheap for first time buyers unless they have a big deposit. Most people in the UK who are renting are renting because they have no choice, not because they are waiting for prices to fall.

Sibley

This is fantastic news.
Up up up. That's what we want to see. The newspapers will be getting the right message across.

DervProf

Only 4% increase in 20 months ?

That's a fair bit less than most other things have gone up in price.

Still, an increase is better than a decrease, eh bulls ?

Blacklight

DervProf wrote: »

Only 4% increase in 20 months ?

That's a fair bit less than most other things have gone up in price.

Still, an increase is better than a decrease, eh bulls ?

Dec 10 - Jul 11 = 7 months tbh

DervProf

Blacklight wrote: »

Dec 10 - Jul 11 = 7 months tbh

Indeed.

I sit corrected.

4% in 7 months ?

Buy, buy buy (before it's too late).

Rinoa

Further confirmation that the 'softlanders' are gradually being proved correct.

Full report: http://www.nationwide.co.uk/hpi/historical/Jul_2011.pdf

doire_2

tleefox wrote: »

Anyone who thinks that there is going to be significant further falls in house prices is an idiot - house prices in my opinion bottomed out a long time ago and I would suggest that the only way from here is up.

With the low cost of borrowing if you have the required deposit, now is the time to buy.

So whats going to fuel this "only way is up"? Or is it just wishful thinking?

Graham_Devon

DervProf wrote: »

Only 4% increase in 20 months ?

That's a fair bit less than most other things have gone up in price.

Still, an increase is better than a decrease, eh bulls ?

Only yesterday I was being told that a 320% increase "wasn't worth it" over 10 years.

But 4% over 7 months.....it's the second coming!

DervProf

doire wrote: »

So whats going to fuel this "only way is up"?

Methane gas ?

Provided, of course, by large amounts of bulls**t.