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

Graham_Devon

One possible link. Theres been some news recently about the stamp duty holiday ending and FTB's increasing.

Maybe sellers and agents have taken the opportunity to try and cash in on the impending stamp duty holiday end?

Wouldn't really explain London, but nothing ever does when London is concerned.

Either way, regardless of persuassion, the rightmove index would be far more beneficial if it just averaged out the asking prices, rather than looking only at new listings.

Sibley

One possible link. Theres been some news recently about the stamp duty holiday ending and FTB's increasing.

Maybe sellers and agents have taken the opportunity to try and cash in on the impending stamp duty holiday end?

Wouldn't really explain London, but nothing ever does when London is concerned.

Either way, regardless of persuassion, the rightmove index would be far more beneficial if it just averaged out the asking prices, rather than looking only at new listings.

No, how about getting your head around the fact house prices are and will continue to rise.

Angus and that other imbecile who put about Maidstone house prices on their signature.

Would you care to change it now please?

Prices rose nearly 7% canceling out any drops. Now you will be paying 2007+ prices.

Have a great day. :rotfl:

HAMISH_MCTAVISH

Graham_Devon wrote: »

the rightmove index would be far more beneficial if it just averaged out the asking prices, rather than looking only at new listings.

Yeah, as much as I find it entertaining to see such a huge rise, I think we can all agree the asking price index is seasonally volatile and relatively meaningless.

The commentary has a few interesting snippets though.... Less gloomy by far than previous months.

shortchanged_2

Just more evidence of delusional vendors and EA's.

Sibley

Just more evidence of delusional vendors and EA's.

I can see this news is being taken quite badly in some camps.

It's already up on HPC. Shock and awe.

Funny, but it's been linked to on here as well. So we are all sad when we mention them and yet they do it to us all the time.

Well, this is a big one in the eye for you lot today. :rotfl:

HAMISH_MCTAVISH

shortchanged wrote: »

Just more evidence of delusional vendors and EA's.

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....

Sibley

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....

At the end of the day, before all the name calling stuff.

1 group of people started an idea that house prices would crash.
Another group said they would not.

Nearly 10 years into that arguement and after 2 financial crises house prices have not moved.
The renters are still renting. Home owners enjoying low mortgage rates that are here long term.

It took a while for the crashers to get the low interest rate message. If you remember we used to get loads of doom and gloom ' Rates will hit 10% soon' posts.

That idea was quickly put to the sword. They understand that and it's only a matter of time before the penny drops about house prices.

I suppose it's my right to feel a little smug but I did tell them from the start that home owners and the government would not allow house prices to drop. I stand by that statement.

Bit difficult for anyone to argue with it as well.

moneyinmypocket

Excellent news all round

abaxas

So the 'get people to overvalue then reduce later' index is on the up.

ruggedtoast

See how McTavish rejoices at this news of yet more persons being priced out. He will be thinking twice when Scotland is independent and all the prospective tenants in Aberdeen are covered in woad.