House prices SURGE in October - Express hails new BOOM

breadlinebetty

gingeralan wrote: »

Yeah I appreciate that, but u gonna go n trawl through old newspapers? Look through paper records etc. Thought not, just use their website which only has the info from the last 10 or 15 years.

Anyone with an IQ above 60 would know that house prices have continuously risen over the last 100 years.

Prices of everything have risen...fuel, food, travel, wages, cars.........

I don't don't need to traipse through old newspapers to know that an average 3 bed terrace in an average road in an average area of Greater London cost aound £5,000 in the early 1970s........

Are you a mate of Brits? I noticed Re-Wired thanked you...and Re-Wired is one of Brit's many sock puppets isn't he?:D

ruggedtoast

Over on hpc.co.uk they are downbeat about this data. They are disparaging.

wotsthat

HAMISH_MCTAVISH wrote: »

Rightmove oct. +3.5% mom +1.5% yoy.

Asking prices usually rise in October though, so not unexpected.

You've got to admire the Express. They've built an entire (rubbish) article when they could have just used the same two sentences.

http://www.express.co.uk/posts/view/352180/House-prices-up-297-a-day

ukcarper

Nationwide publish figures going back to 1952 it shows that the average house price in 1989 was £72,782 and were below that until 1998 and reached £74,638 at the end of 1999.

As RPI increased 44% and earnings increased 64% although nominal they did not fall over the ten years they did in real terms.

shortchanged_2

So sellers think that rising prices in a market that is not functioning is the answer!

The volume of sales are still really low, people can't get the mortgages to pay these prices. Boom times ahead........I think not.

You have to admire the Express for their determination to bluff the public.

I even think if Goebbels was alive today he would struggle to get a job with the Express.

ruggedtoast

rahulkalal wrote: »

It has been days since I have gone home. ... Not revealing much about the price of his artworks, the artist said ... Bangalore's booming retail market ... Rise of cons in .

Yes, exactly.

hildosaver

Property prices certainly don't seem to be rising where I live in northern Ireland, for us the crash is only too real. Don't be overconfident the rest of the UK won't go the same way.

breadlinebetty

ruggedtoast wrote: »

Over on hpc.co.uk they are downbeat about this data. They are disparaging.

Oh dear.

I hope they have large supplies of Sanatogen. It won't help make house prices crash, but it will calm your nerves a bit when you see them rising and you're the one buying your landlord's property for him.

breadlinebetty

hildosaver wrote: »

Property prices certainly don't seem to be rising where I live in northern Ireland, for us the crash is only too real. Don't be overconfident the rest of the UK won't go the same way.

I don't think the UK has ever followed on after Northern Ireland It's always London that leads.........and then the rest usually follows:)

I have head, though, that Northern Ireland prices have halved in the last couple of years. Things must be very tough for those who bought at the peak.:(

breadlinebetty

shortchanged wrote: »

So sellers think that rising prices in a market that is not functioning is the answer!

The volume of sales are still really low, people can't get the mortgages to pay these prices. Boom times ahead........I think not.

You have to admire the Express for their determination to bluff the public.

I even think if Goebbels was alive today he would struggle to get a job with the Express.

It'a actually in all the papes - not just the Express.