House Prices are starting to fall!

mystic_trev

According to moneyextra !

"House prices stalled in March - but first time buyers continued to come under pressure, says Moneyextra. Average property values fell in March to their lowest level since October last year. At £220,303, the average price is up just 4.8% on year-ago levels and is actually down 1.2% on February's £222,9231"

http://www.moneyextra.com/news/news-house-prices-029024.html

asandwhen

or you could go with FALL LINK

or RISE LINK

or RISE LINK

I think we hear contradictive information all the time - I would say take it all with a pinch of salt.

JBeau

Anyone interested in Spanish property check out
https://www.MoneyWeek.com and look for the article "Has Spain property bubble just burst?"

A pretty good indication of what is starting to happen in the UK.

CB1979_2

yep cos spain & uk are identical! jesus christ get a grip.

oh and of course the US & UK are identical as well.

i hope this damn crash happens soon, so these threads dry up! lol

sm9ai

There are loads of rise and fall threads, but the does seem to be a lot more falling ones than there was a couple of years ago.

Romani_Ite_Domum

asandwhen wrote: »

or you could go with FALL LINK

or RISE LINK

or RISE LINK

I think we hear contradictive information all the time - I would say take it all with a pinch of salt.

Don't see or RISE LINK as a rise link myself. People increased their mortgages to pay off their credit cards. So 1-1 IMHO

Guy_Montag

Yeah - UK & US are different, UK & Spain are different, UK & Ireland are different. The UK is still rising, while the rest are dropping, I wonder how long they will remain different.

FaTB

CB1979 wrote: »

yep cos spain & uk are identical! jesus christ get a grip.

oh and of course the US & UK are identical as well.

i hope this damn crash happens soon, so these threads dry up! lol

You just can't help opening and reading the threads though can you !!

IF YOU DON'T LIKE THE SUBJECT DON'T READ IT !!

kingkano

Back to the original link... they dont quote a source?? DId they just pluck their average prices from the sky or something?

manhattan

It seems that estate agents and mortgage lenders etc tend to be involved in the "rising house prices" news statements.
Its obvious that they are trying to keep the market afloat with blatant BS.

fatpigeon_2

Just as everyone learned about supply and demand in GSCE economics I'm sure we're all aware of the boom and bust scenario. We have had an undeniably massive boom in the UK economy of which house price rises have played a huge part.
Naturally and unavoidably a downturn will follow, both in housing and in the wider economy. This is how things have always been and will continue to be.
Of course, no economy or housing situation is exactly like the UK. But equally we do not exist in isolation. We rely on countries like US and Spain for imports/exports and even for holiday homes. Ask yourself, where do the banks that lend 7x mortgages get the money to do so? If other countries suffer, we will suffer.
We may live on an island but having an island mentality and ignoring the dynamics of the global economy just leads to ignorance.