House Prices Rising

Thrugelmir

Jack_Johnson_the_acorn wrote: »

They where on the verge of collapse in 08... Swiftly propped up by the Government/BOE

I think that you'll find that the actions taken in 2008 were to protect the banking system as a whole, any effect on the value of property was secondary.

HAMISH_MCTAVISH

Generali wrote: »

Prices are flattish in nominal terms

True.

Up a bit on some indices, down a bit on others.

As an average, flat to slightly rising.

probably falling by about 2-5% pa in real terms depending on who you ask.

Also true, but largely irrelevant.

You don't buy a house in "inflation adjusted pounds", you buy a house in "pounds sterling".

A so called "real terms fall" in house prices only means house prices remained expensive and the price of everything else got more expensive.

It's hardly a victory for those looking for cheaper house prices.

There isn't a boom or a crash in progress in the UK on average right now, just a slow, steady fall in prices which is probably the best possible outcome from the position in 2007-9 for both bulls and bears.

There isn't a boom, there isn't a crash, and there isn't a "slow, steady fall in prices" either.

There is stability in house prices, for now, while the price of everything else (including rents) rises by a bit more.

Zero_Sum

HAMISH_MCTAVISH wrote: »

There isn't a boom, there isn't a crash, and there isn't a "slow, steady fall in prices" either.

There is stability in house prices, for now, while the price of everything else (including rents) rises by a bit more.

If you were to exclude London, I reckon the stats would show the rest of the country steadily falling.

HAMISH_MCTAVISH

Zero_Sum wrote: »

If you were to exclude London, I reckon the stats would show the rest of the country steadily falling.

Actually, when you look at local areas around the UK through the RICS surveys or similar, around 20% of local areas are seeing prices falling, around 10% seeing prices rising, and the other 70% are seeing no change in prices at all.

That picture hasn't changed much over the last 3 years.

The vast majority of houses and local areas in the UK are seeing no change in price at all. Very few are rising, very few are falling, for most it's stable.

DervProf

HAMISH_MCTAVISH wrote: »

Actually, when you look at local areas around the UK through the RICS surveys or similar, around 20% of local areas are seeing prices falling, around 10% seeing prices rising, and the other 70% are seeing no change in prices at all.

That picture hasn't changed much over the last 3 years.

The vast majority of houses and local areas in the UK are seeing no change in price at all. Very few are rising, very few are falling, for most it's stable.

Very few are rising, slightly more than a very few are falling, for most it's stable.

No bias, just the truth.

Zero_Sum

HAMISH_MCTAVISH wrote: »

Actually, when you look at local areas around the UK through the RICS surveys or similar, around 20% of local areas are seeing prices falling, around 10% seeing prices rising, and the other 70% are seeing no change in prices at all.

That picture hasn't changed much over the last 3 years.

The vast majority of houses and local areas in the UK are seeing no change in price at all. Very few are rising, very few are falling, for most it's stable.

so if twice as many are down than up, then is it not fair to say on average they're down sligthly?

HAMISH_MCTAVISH

Zero_Sum wrote: »

so if twice as many are down than up, then is it not fair to say on average they're down sligthly?

Well that depends how much the ones that are up are up by, and also how much the ones that are down are down by, not to mention which type of "average" you're trying to measure.

It's fair to say the vast majority of houses are neither falling nor rising in price.

homelessskilledworker

ruggedtoast wrote: »

They are furious about this news over on hpc.co.uk. They are shouting!

Are you some kind of mood police for HPC, there must be over a dozen posts where you have started with "they are all excited about this on HPC" or "they are really furious about this on HPC

WGAF

homelessskilledworker

HAMISH_MCTAVISH wrote: »

Actually, when you look at local areas around the UK through the RICS surveys or similar, around 20% of local areas are seeing prices falling, around 10% seeing prices rising, and the other 70% are seeing no change in prices at all.

That picture hasn't changed much over the last 3 years.

The vast majority of houses and local areas in the UK are seeing no change in price at all. Very few are rising, very few are falling, for most it's stable.

Hamish you would swear black is white to win make one of your silly points. You really should be more angry with the economy and the UK government/s than you are with "The Bears".

Just a round up for you, the economy is in the s*****r, how you think a housing market can thrive in those conditions is way beyond me.
But I am sure you will try "supply&demand, immigration" zzzzzzzzzzz

The-Joker

HAMISH_MCTAVISH wrote: »

An average of the major UK house price indices shows that prices have risen strongly by 4.7% since the start of this year.

http://blogs.independent.co.uk/2012/08/02/average-price-of-a-uk-home-is-now-205309/

Excellent news.

:beer:

Aliens sighted on the moon:

http://www.ufosightingsdaily.com/2012/02/alien-moon-base-captured-by-change-2.html

"WILL CHINA OFFICIALLY RELEASE THE WORLD FIRST ALIEN BUILDING PHOTOS ON THE MOON? IN TURN GOING DOWN IN HISTORY AS THE GREATEST SCIENTIFIC DISCOVERY EVER!"

Hmnnn, seems like you can find any sort of crap in blogs these days. Doesn't mean that they are true though does it? :rotfl: