Any other home buyers in NI?

saverbuyer

motorguy wrote: »

I think the report says an awful lot more than that, or are you doing your usual and picking out the bits you can criticise or find flaw in?

None of that Paul.

You talked about average percentage rises but neglected to mention the average price.

I thought it was important to mention.

motorguy

saverbuyer wrote: »

None of that Paul.

You talked about average percentage rises but neglected to mention the average price.

I thought it was important to mention.

I'm not terribly sure it is that relevant TBH.

The significance of the report is that prices are moving upwards, with detached performing best with increases over the last 3 quarters.

For someone who is buying now instead of a year ago, that means that typically a detached will cost them £5,000 more and a semi approx £2,000 more. :eek:

That "advantage" of renting until the market improves is starting to slip away very quickly....

saverbuyer

motorguy wrote: »

I'm not terribly sure it is that relevant TBH.

The significance of the report is that prices are moving upwards, with detached performing best with increases over the last 3 quarters.

For someone who is buying now instead of a year ago, that means that typically a detached will cost them £5,000 more and a semi approx £2,000 more. :eek:

That "advantage" of renting until the market improves is starting to slip away very quickly....

I agree with you, it might help for people to see the 12 month changes in particular areas and average prices.

Belfast 0% no change, average = £93,042
Outer Belfast 0% no change, average = £109,869
East On N.I. -1% prices down, average = £95,727
North of N.I. 5%, prices up average = £94,241
West and South of N.I. 2% prices down average = £98,612

saverbuyer

motorguy wrote: »

That "advantage" of renting until the market improves is starting to slip away very quickly....

Some might has said that in 2009 when they increased for 4 quarters.

When did you build your house again?

motorguy

saverbuyer wrote: »

I agree with you, it might help for people to see the 12 month changes in particular areas and average prices.

Belfast 0% no change, average = £93,042
Outer Belfast 0% no change, average = £109,869
East On N.I. -1% prices down, average = £95,727
North of N.I. 5%, prices up average = £94,241
West and South of N.I. 2% prices down average = £98,612

Amazed that you are able to show whats been an upward trend over three quarters as a downward trend! :rotfl:

Credit where credits due. :T

No doubt when its a four quarter trend you'll be able to show how over two years prices are still down.

Not that I care as I've no intentions of buying or selling, but it does look like those who are renting "until the market improves" have already missed the bottoming out of the market and could now well be costing themselves money by not buying.

motorguy

saverbuyer wrote: »

Some might has said that in 2009 when they increased for 4 quarters.

When did you build your house again?

Not sure of the relevance of when we built? As i said we're neither buying nor selling.

saverbuyer

motorguy wrote: »

Amazed that you are able to show whats been an upward trend over three quarters as a downward trend! :rotfl:

Credit where credits due. :T

No doubt when its a four quarter trend you'll be able to show how over two years prices are still down.

Not that I care as I've no intentions of buying or selling, but it does look like those who are renting "until the market improves" have already missed the bottoming out of the market and could now well be costing themselves money by not buying.

Or like those who jumped in and bought houses or sites in 2009 when prices were rising for 4 quarters maybe didn't make the best decision.

saverbuyer

motorguy wrote: »

Amazed that you are able to show whats been an upward trend over three quarters as a downward trend! :rotfl:

Sorry did I publish the figures Paul?

motorguy

saverbuyer wrote: »

Or like those who jumped in and bought houses or sites in 2009 when prices were rising for 4 quarters maybe didn't make the best decision.

In 2009 we werent seeing a national recovery like the one we're experiencing now.

We also were slap bang in the middle of what turned out to be a double dip recession.

Also, as you yourself posted, banks are now offering 95% LTV mortgages and are loosening the lending criteria - that wasnt happening in 2009.

We're well clear of that situation now, and we're seeing prices creep up again as some of us predicted would happen.

motorguy

saverbuyer wrote: »

Sorry did I publish the figures Paul?

So its actually what a "trend" is that you're struggling to grasp?