You lot are slow today - Halifax +2.2%

Legacy_user

http://www.lloydsbankinggroup.com/media/pdfs/halifax/2012/0404_HPI.pdf

JonnyBravo

More stagnation. Sure there will be larger %age months up or down. But this ain't going anywhere.

homelessskilledworker

Joeskeppi wrote: »

http://www.lloydsbankinggroup.com/media/pdfs/halifax/2012/0404_HPI.pdf

YIPPEE!!!

So property prices are now back to June 2004 in nominal terms, and probably back to pre 2002 prices in real terms(over a decade now).:)

With maybe worse still to come(I would personally of left the maybe out)

FTBFun

Hmmm - according to their calculator my flat has increased in value by a little less than 6%. Rather optimistic IMO even though I do live in London.

IveSeenTheLight

homelessskilledworker wrote: »

YIPPEE!!!

So property prices are now back to June 2004 in nominal terms, and probably back to pre 2002 prices in real terms(over a decade now).:)

With maybe worse still to come(I would personally of left the maybe out)

Yippee.
House prices therefore (being valued at pre 2002 levels) have not been affected by rampant HPI and can therefore be viewed as affordable.

what's the issue then

J_i_m

Affordable to whom?

What's the general criteria for "affordable"?

Wookster

OMG I have missed the boat. What am I to do? HEEEEELP*



*All slightly sarcastic

homelessskilledworker

IveSeenTheLight wrote: »

Yippee.
House prices therefore (being valued at pre 2002 levels) have not been affected by rampant HPI and can therefore be viewed as affordable.

what's the issue then

There is no issue??

prices are becoming more affordable by the month, and some would say will become even more affordable.

I am one of those people:)

chucknorris

homelessskilledworker wrote: »

YIPPEE!!!

So property prices are now back to June 2004 in nominal terms, and probably back to pre 2002 prices in real terms(over a decade now).:)

With maybe worse still to come(I would personally of left the maybe out)

Where are you getting this from? Perhaps I am looking at the wrong set of indices:

http://www.lloydsbankinggroup.com/media/excel/2012/040412historicdata.xls#'All(SA)'!A1

From the link above it appears that prices are nominally between 2005 2Q to 3Q. Or were you looking at a specific regional location, rather than the UK average?

HAMISH_MCTAVISH

homelessskilledworker wrote: »

So property prices are now back to June 2004 )

April 2005 actually (NSA). Or July 2005 (SA)

And had you told any of the more bearish posters on any of the house price boards back in April 2005 that house prices, even on the most bearish of the indices (Halifax) would remain that high 7 years later, but house buyers would have had the advantage of 5 years of record low interest rates since while rents soared to record highs instead, they'd have thought you were quite mad....

chucknorris

HAMISH_MCTAVISH wrote: »

April 2005 actually.

And had you told any of the more bearish posters on any of the house price boards back in April 2005 that house prices, even on the most bearish of the indices (Halifax) would remain that high 7 years later, but house buyers would have had the advantage of 5 years of record low interest rates since while rents soared to record highs instead, they'd have thought you were quite mad....

Have you got a link Hamish, from the post above you will note that I was quoting from quarterly indices, I couldn't find (quickly) the monthly set of indices from the sea of google results.