Debate House Prices
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Halifax November: + 1.0%
HAMISH_MCTAVISH
Posts: 28,592 Forumite
Commenting, Martin Ellis, housing economist, said:
"There has been very little change in house prices overall during the past year with the average UK price in November almost identical to that in November 2011.
"There has been very little change in house prices overall during the past year with the average UK price in November almost identical to that in November 2011.
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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HAMISH_MCTAVISH wrote: »Commenting, Martin Ellis, housing economist, said:
"There has been very little change in house prices overall during the past year with the average UK price in November almost identical to that in November 2011.
I note that there's particular reference to Funding for Lending. Seems this scheme is finally taking hold, with a strong price rise and sub 2% fixed rates.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
They are despondent about this over on hpc.co.uk, the mood is grim. They are complaining about something called FLS shoring up prices.0
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ruggedtoast wrote: »They are complaining about something called FLS shoring up prices.
Think the BoE will be tempted to enlarge the scheme? If they can help push through 95% LTV at sub 4% rates, transactions should recover substantially and prices could return beyond peak nationwide, not just London and SE where a chronic property shortage has already ensured this.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
3 month on 3 month (Halifax's preferred measure) is down 0.7%.
Year-on-year (my preferred method as it directly compares like with like) is flat.0 -
Turnbull2000 wrote: »Think the BoE will be tempted to enlarge the scheme? If they can help push through 95% LTV at sub 4% rates, transactions should recover substantially and prices could return beyond peak nationwide, not just London and SE where a chronic property shortage has already ensured this.
Under Basle III the banks can't afford to lend much @ 95% LTV. Basle III starts coming in from 1st Jan which means that high LTV loans need to have significantly more held in reserve than lower ones: 6 or 7 times as much as a 60% LTV from memory.
At current rates of interest I think that banks would literally have to be paid to lend large amounts of money at 95% LTV although I've not done the sums I confess. I'm not sure the British taxpayer is ready to pay banks to lend money.0 -
They are despondent about this over on hpc.co.uk, the mood is grim. They are complaining about something called FLS shoring up prices.
They really thought this was it. (again)
Have to admire how they keep going.
Wasted years of their lives twisted up waiting for a house price crash that will never happen.
Could have paid nearly half their own mortgage off instead of somebody else's.We love Sarah O Grady0 -
Fantastic news - the homeowners have shown the spirit of the bulldog in the face of the HPC chain gang who wish misery on others
House prices are stable, another year of morgage payments paid
Xmas time, mistletoe and wine homeowners singing price rises0 -
Turnbull2000 wrote: »Think the BoE will be tempted to enlarge the scheme? If they can help push through 95% LTV at sub 4% rates, transactions should recover substantially and prices could return beyond peak nationwide, not just London and SE where a chronic property shortage has already ensured this.
shameless!FACT.0 -
All of a sudden, Hamish appears !30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
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I thought month of month figures were noise?
Unless of course they are rising it would seem.0
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