FT - UK house (asking) prices reach record high as Rightmove surges 1% in May

MrRee_2

All we need now is for that £200billion which the BoE have given to the Banks to lend in Mortgages to filter through and we will have a full blown housing boom on our hands ....... the Banks HAVE to lend it, no sitting on it this time!!

This is my message to those who haven't yet bought .... BUY NOW!!

Yes, you will have to pay 20% more than you would have in 2009 .... but, better that than having to pay 50% more within 18 months from now.

Only the idiots who can buy won't buy given all this evidence of future huge house price rises.

Mr._Pricklepants

crash123 wrote: »

would this be in yorkshires golden triangle which is where I live.
lot number 9 sold for £45,000 last week. previuos sold price £193,500

Probably the fact that it's now being sold as a retirement property with a service charge of £677 pcm has something to do with it.

Lot 9 :

http://www.fssproperty.co.uk/media/68

Mr._Pricklepants

crash123 wrote: »

Very nice area if you can afford the high service charges.

And if you're over 55

Graham_Devon

HAMISH_MCTAVISH wrote: »

Acadametrics, +0.5% MoM, +1.9% YoY. :cool:

A wise man once stated "asking prices are a bit meaningless". Do you know who this was?

They ended their speech with "better to research actual sales prices and go from there".

http://forums.moneysavingexpert.com/showpost.php?p=41950508&postcount=5

Mr._Pricklepants

Graham_Devon wrote: »

A wise man once stated "asking prices are a bit meaningless". Do you know who this was?

They ended their speech with "better to research actual sales prices and go from there".

http://forums.moneysavingexpert.com/showpost.php?p=41950508&postcount=5

psst Graham, remove your post quickly, because you're making a fool of yourself again...

moneyinmypocket

House prices are here to stay don't put your cash away buy now before it's to late

homelessskilledworker

HAMISH_MCTAVISH wrote: »

Acadametrics, +0.5% MoM, +1.9% YoY. :cool:

Oh my God!!


And know doubt you think that is clever along with the desperate who probably thank you.
The reality is that ALL the indicies that are familar with 99% of the population are showing falls.

Now go and find the Terry Brummit house index and use that as an example as well

crash123

Mr._Pricklepants wrote: »

Probably the fact that it's now being sold as a retirement property with a service charge of £677 pcm has something to do with it.

Lot 9 :

http://www.fssproperty.co.uk/media/68

Always being a retirement property from when they were built in 2006.

Still a bid loss for someone. Property dosen`t always go up.

Itismehonest

paulmapp8306 wrote: »

Quite possibly - though Im just buying as its the first time in years I CAN afford it (at current asking prices). However its not necessarily deluded sellers. Those already on the ladder arnt affected too much by house price fluctuations. if asking prices for the property your buying go up - so does the asking price of the one your selling. Its ONLY an issue for FTBs. The thing is - people selling cant always afford to lower prices, or they wont have the equyity they need (or undeed any equity) to move up the ladder. THAT is why we have slow sales.

What makes you think an existing owner will put them in a position where they cant afford another property just so they can sell the one their in? There not going to. They will ask what they need, and if it doest sell- then it doesnt sell and they stay put. the only properties that will fall in price are reposessions, houses sold from an estate (on death) and those who have lots of equity (so they can get their own bargin).

Just because people cant afford the house prices - doesnt mean they will come down. Thats FAR too simplistic and only looks at one side of the coin.

I agree with most of this except "if asking prices for the property your buying go up - so does the asking price of the one your selling. Its ONLY an issue for FTBs."
What about people who want/need to relocate to a different area? The fact that prices are going down in some, or even most, places doesn't mean they're going down in others. It can be an issue for many more people than just FTBs.

HAMISH_MCTAVISH

Graham_Devon wrote: »

A wise man once stated "asking prices are a bit meaningless". Do you know who this was?

They ended their speech with "better to research actual sales prices and go from there".

You do realise I quoted an actual sales prices index?

No, of course you don't, hence the sudden onset of "foot in mouth" disease....