Express - HOUSE PRICES RISING £100 A WEEK

dave4545454

Proxy wrote: »

I heard house prices were going up by seventy squllion per nanosecond

you heard right.

as i'm typing this post my house is now worth an extra £46,000, no it's £48,000 increase now cos i had to retype a word.

DervProf

Wooohoooo !

No need to work tomorrow, my place has just increased in value too.

Who needs free flash liquid, when HPI is helping us to "clean up" ?

doire_2

Turnbull2000 wrote: »

http://news.sky.com/home/uk-news/media-gallery/16072439

Details to follow

I've noticed there's now only one or two bears left on the forum. Just how much longer will they deny reality and fail to accept they've c*cked up big time?

I dont know which is more ridiculous, the fact this silly newspaper prints this nonsense or you, hamish and sibely keep posting it on here?

Graham_Devon

dave4545454 wrote: »

hello??? are you lot for real? i thought this was supposed to be an intelligent forum. it's the daily express, the lowest of the low of all the scum newspapers. you'll get more news and facts reading the beano.

Just put up a thread about moneyweek.

The same people using the express as their bible will be all over it.

the irony of the whole situation doesn't seem to batter an eyelid.

shortchanged_2

HAMISH_MCTAVISH wrote: »

God with headlines like that I'm starting to grow horns and I'm feeling attracted to the Fresians in the fields.

What's happening?

Rinoa

...and here's the actual article

http://www.express.co.uk/posts/view/272247/House-prices-rise-100-pounds-a-week

BRITAIN’S property market has defied the economic downturn with values rising £100 a week this year.

Prices across the UK have increased by 1.7 per cent or £3,667 since the start of 2011, according to analysis of more than a million homes.
With almost every region enjoying positive price growth, the figures fly in the face of doom-mongers who have decried the health of the property market with dire warnings of plummeting prices.
Experts said the turmoil afflicting the stock markets is forcing investors to turn to property as a safer haven for their money with a shortage of new homes being built meaning homeowners are enjoying a mini-boom.
Samantha Baden, analyst at FindaProperty, which carried out the research, said: “The rise in houseprices shows confidence in the property market remains steady as a result of homeowners realising the old adage is true – in times of trouble invest in bricks and mortar.
“Despite economic tough times, property has proven a far more solid investment than might have been thought at the start of the year. This growth is encouraging amid a still struggling economy.”

Asking prices in the West Midlands are up 2.9 per cent, in the North-east 2.6 per cent and 2.3 per cent in London, according to the website’s latest HousePrice and Affordability Index.
Homeowners in the South-west saw a 1.9 per cent rise, Yorks and Humber recorded a 1.5 per cent increase while in the North-west and East Midlands values were up 1.4 per cent. In the East it was 1.2 per cent and in the South-east a 0.9 per cent jump.
Scotland recorded the biggest percentage growth with prices soaring 4.9 per cent – £720 a month.
Wales was the only part of Britain where asking prices have fallen and properties there are now 0.4 per cent cheaper than at the start of the year. Giles Atkinson, director, Atkinson McLeod estate agents, said: “There are a number of factors supporting house prices.


“Arguably the biggest is the lack of new homes being built and the continued shortage of homes for sale. Although demand isn’t that strong right now, weak supply is cancelling this out.
“The next is that interestrates have been on hold for so long and are unlikely to rise for at least another year.
“And the turmoil of the stock market, given the impending euro debt crisis, is also driving people back to bricks and mortar, which in relative terms is increasingly seen as a safe haven. We’re also seeing increased demand for property from amateur landlords, who are returning to the property market to take advantage of soaring rents. This is placing upward pressure on prices.”
Simon Ward, director of south coast-based estate agents Mr Green, agreed, adding: “The property market isn’t bad, it’s just different. In our area, we’re seeing that prices of good property are as strong as ever. There seems to be a good level of confidence all round right now.”
This month marks the third anniversary of the collapse of Lehman Brothers, which sparked the freeze in credit markets and wholesale mortgage funding. Despite the difficult economic climate over those three years, sellers this month are asking for £427,889 in Greater London, an increase of £33,641 on September 2008.
And while August is a typically quiet month for property sales with asking prices falling by around £950 – the average house then selling at £219,513 – typical asking prices are up again this month, gaining nearly £2,000.
Miss Baden also said that homes are selling nine days faster than they were at the beginning of the year

:T

shortchanged_2

What language do bulls speak?

geneer

Just to clarify. Am I right in thinking the old rightmove comedy index lists the asking price of only the properties listed in the last month, as opposed to all properties on their books like other asking price indices collate.

Am I also right in thinking that those other measures are much closer to the actual selling prices and have been showing a long term pattern of falls.



Hmmmmmmm. If I was right, that would be very interesting indeed.

Graham_Devon

Rinoa wrote: »

...and here's the actual article

http://www.express.co.uk/posts/view/272247/House-prices-rise-100-pounds-a-week



:T

Yes, Hooray.

Our economy is so fragile that interest rates look unlikely to move - thank god for a worsening economy and more unemployed. Let's hope it continues, might be able to extend low interest rates for longer....horrah!

Amatuer landlords are returning only to take advantage of "soaring" rents - brilliant, let's bleed those pheckers dry.

And the stockmarket is in turmoil, which is great. House prices may increase a smidgen, I can hardly contain myself.

---

Just remember the above next time anyone is accused of wanting doom & job losses.

geneer

The hyper gloomy doomsayers estate agent today gives a typical assesment of the rightmove figures.

Ever-hopeful sellers new to the market raised asking prices by 0.7% in the last month, Rightmove reported this morning.

Why? That appears to be anyone’s guess, with Rightmove warning that market recovery is as far away as ever, three years after the collapse of Lehman Brothers sparked the credit crunch.

The average asking price is now £231,543 – a distant remove from selling prices reported by the Land Registry, Nationwide and Halifax, all quoting in the region of £164,000.

Righty oh. That will be that for this month then.