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Debate House Prices
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U.K. Home Prices Post First Drop Since June, Acadametrics Says
Comments
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Down 0.3% after three months of rises. Fairly consistent with the overall picture.
As both RICS and the Hometrack index point out, prices are only falling at all in around a third of areas, and even in those areas mostly by very small amounts.
What's more surprising is the significant (and unexpected) increase in transaction numbers.
September’s total is 73 percent of the average in that month in the 16 years through 2010.
Now as we know mortgage approvals have increased recently, but it's nowhere near 73% of the long term average.
I would suggest the most likely explanation for the gap between the two is an influx of investment capital seeking the yields that record high rents are providing.“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”0 -
HAMISH_MCTAVISH wrote: »Down 0.3% after three months of rises. Fairly consistent with the overall picture.
As both RICS and the Hometrack index point out, prices are only falling at all in around a third of areas, and even in those areas mostly by very small amounts.
What's more surprising is the significant (and unexpected) increase in transaction numbers.
September’s total is 73 percent of the average in that month in the 16 years through 2010.
Now as we know mortgage approvals have increased recently, but it's nowhere near 73% of the long term average.
I would suggest the most likely explanation for the gap between the two is an influx of investment capital seeking the yields that record high rents are providing.
Pretty good considering the circumstances. Furthermore an average house price of £218k must mean that those pesky Scots and Irish are dragging our average house price down by something like £52k. Two separate markets here too, up North and dan saff.0 -
Should support house prices in my area (Chester) and help to rebalance the local economy from financial services after the demise of B of A and the restructure and sale of MBNA, nice to have some good news for a change
A new £400m plant making carbon-fibre wings for Airbus' new A350 airliner will secure 6,000 jobs in Flintshire, the company says.
http://www.bbc.co.uk/news/uk-wales-north-east-wales-15275906'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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