Debate House Prices


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Property Transactions UP in January 2012

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Comments

  • DpchMd
    DpchMd Posts: 540 Forumite
    chucky wrote: »
    Ok Andrew. You got a chance to redeem yourself... Are you looking at monthly, quarterly or annual trend?

    I have a feeling he wont respond to this.

    After all, he has seen the same data we have.
    "Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The healthy market period to now. The healthy market was over 100k. The prices are falling and the volume still suffering. The international and business based buyers were just hit in the new tax year too as they have a lot more stamp duty to pay now.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    AndyGuil wrote: »
    The healthy market period to now. The healthy market was over 100k. The prices are falling and the volume still suffering. The international and business based buyers were just hit in the new tax year too as they have a lot more stamp duty to pay now.
    That's a different answer to a different question.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    DpchMd wrote: »
    Why did they [STRIKE]rise[/STRIKE] stagnate again in April, Andy?

    People looking to remortgage are increasingly finding their options limited. As rates have moved discernably upwards in past 3 months while underwriting criteria continues to tighten. Also some lenders have yet to implement planned rate increases i.e. BOI.
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    chucky wrote: »
    That's a different answer to a different question.

    No its not. It is a long term trend, not a few months here or there. It is healthy market through to now. Trends are over years.
  • DpchMd
    DpchMd Posts: 540 Forumite
    Thrugelmir wrote: »
    People looking to remortgage are increasingly finding their options limited. As rates have moved discernably upwards in past 3 months while underwriting criteria continues to tighten. Also some lenders have yet to implement planned rate increases i.e. BOI.

    Was that an answer to my question?
    "Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin
  • DpchMd
    DpchMd Posts: 540 Forumite
    AndyGuil wrote: »
    No its not. It is a long term trend, not a few months here or there. It is healthy market through to now. Trends are over years.

    You don't understand trends.
    "Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 30 May 2012 at 8:11PM
    DpchMd wrote: »
    You don't understand trends.

    Fortunately I do. Housing is a long term investment with an applicable long term trend. It takes out the noise and volatility. A clear picture is formed and it highlights the market influence we have seen since the end of the healthy market. Unless these alleviate then the market will continue its suppressed state and it is vulnerable to further deteriation in the environment.
  • DpchMd
    DpchMd Posts: 540 Forumite
    AndyGuil wrote: »
    Fortunately I do. Housing is a long term investment with an applicable long term trend. It takes out the noise and volatility. A clear picture is formed and it highlights the market influence we have seen since the end of the healthy market. Unless these alleviate then the market will continue its suppressed state and it is vulnerable to further deteriation in the environment.

    Spot the trend.

    i73oE.png
    "Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The peak on the left is the end of the healthy market. To now it is moving down. Hope you understand the long term trend now.
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