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Debate House Prices


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Nationwide September -0.4%

HAMISH_MCTAVISH
HAMISH_MCTAVISH Posts: 28,592 Forumite
Part of the Furniture 10,000 Posts Name Dropper Photogenic
in Debate House Prices & the Economy
UK house prices slip back a little in September

The price of a typical UK house fell by 0.4% in September

Prices 1.4% lower than one year ago

Price of a typical home is £163,964

http://www.nationwide.co.uk/hpi/historical/Sep_2012.pdf


Ah well, couldn't expect another 1.3% rise after last month.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
«134

Comments

  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    HAMISH_MCTAVISH wrote: »


    Ah well, couldn't expect another 1.3% rise after last month.

    Which has been revised down to a 1.1% rise.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    HAMISH_MCTAVISH wrote: »
    Prices 1.4% lower than one year ago

    That's great news, didn't house prices with Nationwide fall the year before and year before that.

    These falls must be a lot bigger when you take London out of the figures.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Yep. I must say, that good.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    brit1234 wrote: »
    That's great news, didn't house prices with Nationwide fall the year before and year before that.

    These falls must be a lot bigger when you take London out of the figures.

    You need to get to grip with average you could just as easily say they would be a lot less with the north taken out.

    The only thing that really matters is what they are doing where you are or where you would like to be.
  • DervProf
    DervProf Posts: 4,035 Forumite
    "UK house prices slip back a little in September"

    Ahhh, that's not so bad, is it people ?

    Is "slip" the same as "dip" ? The BBC often use "dip" to describe a fall in house prices.

    Anyway, looks like this news will keep the bulls in their pens. Apart, of course, from the few that will respond with "so much for the 50%(+) price drops predicted by all the bears".

    I view this as another step towards the inevitable correction in prices that needed to happen. Prices are obviously still too high for the money that people can afford to pay, so I expect a continuing gradual decline over the next year or so.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • mr_fishbulb
    mr_fishbulb Posts: 5,224 Forumite
    Part of the Furniture Combo Breaker
    DervProf wrote: »
    Anyway, looks like this news will keep the bulls in their pens. Apart, of course, from the few that will respond with "so much for the 50%(+) price drops predicted by all the bears".
    Along with the posts of an orgy going on over at HPC.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    mr_fishbulb wrote: »
    Along with the posts of an orgy going on over at HPC.

    It's just moving the place of the orgy. Would have been on here should it have been up 0.4%.
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    Good to see rents are still rising though.
    After tracking average earnings for a long
    period, rental growth is now outpacing wage growth by a
    widening margin
  • DervProf
    DervProf Posts: 4,035 Forumite
    mr_fishbulb wrote: »
    Along with the posts of an orgy going on over at HPC.

    Probably.

    I haven't visited HPC for quite a while, well not since the start of the crash anyway.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • N1AK
    N1AK Posts: 2,903 Forumite
    Part of the Furniture 1,000 Posts
    House prices still effectively stagnant, no clear sign of trend up or down, nothing meaningful to debate about here... but why let that stop us!
    Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...
This discussion has been closed.
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