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MSE News: House prices 'treading water'

This is the discussion thread for the following MSE News Story:

" House prices were broadly flat last month with a 0.1% rise, mortgage lender Nationwide said today ..."
Read the full story:

House prices 'treading water'



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Comments

  • Well I suppose it's better to be 'treading water' than under water!
  • Is that treading water like Micheal Phelps treads water or is it more like someone who is chained to a 10 tonne lead weight?
  • tagq2
    tagq2 Posts: 382 Forumite
    In almost every market, commentators are able to discuss the benefits of price reduction or stability. In the housing market, it's become an irrational taboo.

    To be clear: cheap housing is trivially a good thing for many categories of people. A house is an interesting investment for some but a place to live for most. Even for those already with a mortgage for the place they live, "negative equity" is no death sentence: you already knew what you were going to pay and what matters is whether you can pay, not whether you can make money re-selling.

    Let prices plateau. Don't panic if they reduce in certain areas. Allow property speculation to become less attractive and leave the remaining level of property investment to cautious, long-term thinkers.
  • pararct
    pararct Posts: 777 Forumite
    Property is becoming less attractive as a speculative investment as time goes on......

    This can only be a good thing...
  • brit1234
    brit1234 Posts: 5,385 Forumite
    I think you will find there will be a bigger drop next month. The low transaction rates are distorting the figures.

    More falls are good news, we still have overvalued property which wages can't support.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

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