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Debate House Prices


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There's no crash from where I'm looking.....

2

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    nollag2006 wrote: »
    Round my way, prices are still rocketing...

    Why not sell and pocket your gains then?

    Move west and retire.
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Why not sell and pocket your gains then?

    Move west and retire.

    It is quite tricky to cash in a made up asset...
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    The figures speak for themselves damanpunk.

    Over the past few years the UK average prices have stagnated or fallen in general.

    Bearing this in mind that a huge proportion of the market is accounted for by the South East and London. These areas have in general shown growth over the past few years.

    Now if you consider that the average UK price is stagnating or edging downwards then that must tell you that prices are dropping in a significant number of areas in the UK.

    It's horses for courses basically and everyone needs to look at their local market of interest and play it by ear as to whether they should wait or buy now.

    Basically I am saying ignore all the media and newspaper headlines (particularly the Express :)) and make your own mind up based on your own personal circumstances and area of interest.
    Why are we here?......................because we are not all there.
  • michaels
    michaels Posts: 29,219 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Are house price indices based on volume or value. Ie if the prices of cheaper houses are falling but those of more expensive houses are increasing the average house price change could be 0% but the total value of the housing stock could be increasing...
    I think....
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    Around us .... south Hampshire/Dorset everything is selling hand over fist.

    Waiting lists now for properties, one day on the market is one day too long here.

    OK, maybe there are hellholes up North which no-one would want to live in ...... but, some people have to live there. These are what pulls the House Price increases down 'on average'.
    Bringing Happiness where there is Gloom!
  • homelessskilledworker
    homelessskilledworker Posts: 1,664 Forumite
    MrRee wrote: »
    Around us .... south Hampshire/Dorset everything is selling hand over fist.

    Waiting lists now for properties, one day on the market is one day too long here.

    OK, maybe there are hellholes up North which no-one would want to live in ...... but, some people have to live there. These are what pulls the House Price increases down 'on average'.


    Yeah Yeah!!

    And you are hung like a wilderbeast and have wings
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    homelessskilledworker wrote: »
    Yeah Yeah!!

    And you are hung like a wilderbeast and have wings

    It looks like his place is still for sale. I wonder if he sells Ice creams during the summer.....rejoice :rotfl:

    http://www.rightmove.co.uk/property-for-sale/property-15360462.html
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    I sold it recently .... snooze, you lose!!

    http://www.rightmove.co.uk/property-for-sale/property-33859052.html?premiumA=true

    Winners and losers, winners and losers ......... REJOICE!!
    Bringing Happiness where there is Gloom!
  • abaxas
    abaxas Posts: 4,141 Forumite
    I've just checked prices at Prudhoe Mental hospital.

    Yes, they are rising fast. Some cells are still available, get in before you miss the boat.
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    mystic_trev wrote: »
    It looks like his place is still for sale. I wonder if he sells Ice creams during the summer.....rejoice :rotfl:

    http://www.rightmove.co.uk/property-for-sale/property-15360462.html

    'Full description:
    HUT'

    Haha :D
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
This discussion has been closed.
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