You lot are slow today - Halifax +2.2%

crash123

Houses up North must have gone up. Is that correct?

homelessskilledworker

HAMISH_MCTAVISH wrote: »

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....

Thats a different take on it Hamish:)

So those that are just in the property game for speculative gains are a decade later onto a good thing with zero returns on their investment.

Do you really believe that:)

System

HAMISH_MCTAVISH wrote: »

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....

The only people to really gain from all this were the very people that were supposed to suffer, mortgage holders.

We've saved thousands, and for someone like me who intends to trade up shortly, this stagnation is lovely.

HAMISH_MCTAVISH

homelessskilledworker wrote: »

prices are becoming more affordable by the month,

Feb 2012 = £160,118

Mar 2012 = £163,803

You have a strange definition of "more affordable". :rotfl:

undetterred

More frothing needed on this thread,were grayham when you need him.

HAMISH_MCTAVISH

homelessskilledworker wrote: »

So those that are just in the property game for speculative gains

Almost nobody is "in the property game for speculative gains" bar a few flippers, and they rarely hold for more than a few weeks.

For everyone else rents and funding costs are more important.

are a decade later onto a good thing with zero returns on their investment.

Well it's 7 years, and they've had rental returns rise to new record highs while their funding costs fall to record lows.

So yes, a pretty good deal so far.

homelessskilledworker

HAMISH_MCTAVISH wrote: »

Feb 2012 = £160,118

Mar 2012 = £163,803

You have a strange definition of "more affordable". :rotfl:

Now this is where I stop taking you seriously Hamish, if you want to work on a one month trend that is fine by me:rotfl:

Looking at the trend from August 2007 it is still falling, and I see no let up, real and nominal.

HAMISH_MCTAVISH

homelessskilledworker wrote: »

Now this is where I stop taking you seriously Hamish, if you want to work on a one month trend that is fine by me:rotfl:

Looking at the trend from August 2007 it is still falling, and I see no let up, real and nominal.

Actually, looking at the trend from August 2007, it fell until Feb 2009.

And the trend has been rising since.

Mar 2009 = £157,066

Mar 2012 = £163,419

.

brit1234

I thought they would be up this month and next. However Halifax swings are massive each month so now next month might be down a large amount.

May will be the start of the big falls once the stamp duty and the higher mortgage rates filter through.

Generali

YoY remains flat, slightly down in nominal terms. TBH I think we can put no more faith in this read being accurate than the fall of 3% in a month a while back. Monthly figures are just noise after all.

By my reckoning, the trend is pretty clear: the housing market is rising a little in London and some other relatively small localized areas, flat in SE England and falling in the rest of the country with the two roughly balancing each other out in nominal terms.