Rightmove Feb: +4.1% - Prices rise at fastest rate in a decade!!!

Jimmy_31

HAMISH_MCTAVISH wrote: »

Oh, I don't know.

Coming up on the 5th anniversary of the financial crisis, and prices remain stubbornly high.

At some point soon it may be time for those holding out for lower prices to admit the delusion is theirs....

Location Location Location

Jimmy_31

MrRee wrote: »

Staggering ..... even faced with overwhelming odds the bears are sticking their heads in the sand.

I have been saying since last summer that there is a boom going on in the South .. regardless of the various indicies .. I could see what was happening on the ground.

No crash, no possibility of a crash, not even a sniff ....... anyone sitting and hoping have missed the boat, missed the train and missed their chance - the jolly old House Price Train just keeps on rolling!!

What absolutely FANTASTIC news - REJOICE!!

We need a healthy Housing Market - so much is dependant upon home owners feeling richer as each week passes ..........................

Hang on to your hats - this is it - the boom is coming - 2012 ... the year the winners once more pulled way ahead of the losers!!

You bought a wife.

You lost at life.

REJOICE :j

Jimmy_31

Mr._Pricklepants wrote: »

Reported for inserting my name next to a quote which wasn't mine.

Grass.....

AndyGuil

Jimmy_31 wrote: »

Grass.....

It is uncanny. Even the personalities are the same.

AndyGuil

The average asking price is £233,252 and the average selling price is £160,384 (and falling).

Jimmy_31

AndyGuil wrote: »

It is uncanny. Even the personalities are the same.

I think hes at the stage where he believes his own hype.

He started off as a complete tool, progressed from there, and now he thinks hes making a difference.

Jimmy_31

MrRee wrote: »

You have been reported accordingly, by two seperate posters.

Expect a reprimand.

Shameful behaviour from a grown man.

Should i report you for calling people without their own home losers ?.

Or should i just cut out the middleman and call you a 8ellend ?

IveSeenTheLight

RenovationMan wrote: »

I was astonished to see that, according to the BBC, prices in Oldham had risen 9.3% last quarter!

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/bp.stm

Does anyone have a link to the landregistry sold prices to see what the gain/loss has been since I bought in May 2010 (Post Code OL3).

http://www.landregistry.gov.uk/

Oldham has picked up according to the LR in the last quarter, but not 9.3%.

As for the Greater Manchester Area (OL3), it's quite expansive but LR has it down circa 5% since May 2010.

Of course these are averages and individual properties can be affected differently to the average.

ILW

RenovationMan wrote: »

I haven't had much interest in house prices since I bought in 2010, but after receiving some flack about the valuation on my signature never changing (It's a mortgage valuation so it doesn't change until I get another mortgage :rolleyes: ), I thought I'd see how my area was looking.

I was astonished to see that, according to the BBC, prices in Oldham had risen 9.3% last quarter!

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/bp.stm

Does anyone have a link to the landregistry sold prices to see what the gain/loss has been since I bought in May 2010 (Post Code OL3).

This cannot be the Oldham I went to a year or two ago.

It was a complete and utter dump and seemed mostly boarded up.

HAMISH_MCTAVISH

AndyGuil wrote: »

The average asking price is £233,252 and the average selling price is £160,384 (and falling).

:rotfl::rotfl::rotfl:

Rightmove, and I believe also DCLG and Acadametrics, quote the average price of properties across the market. All those indices list the current average price as 200K plus.

Halifax, Nationwide and LR quote the average price of a "typical" house. Which would be in the 160K region.

They are measuring different things. To compare them is pointless, and to assume that the average difference between asking and selling price is £70K is just plain delusional.

Hometrack is the only index I know of that lists average drop between asking and selling price, and it's around 8%.