Rightmove Feb: +2.8% MoM +1.2% YoY

N1AK

HAMISH_MCTAVISH wrote: »

And yet house prices are rising.:)

Asking prices up, selling prices up, and with mortgage approvals also up this looks likely to continue.

I'm not generally a fan of the right move index; to be honest the land registry one is the only one I would base a position on. It does however seem that the trend in property prices now is upwards at least in nominal terms though whether houses will continue to decrease in real terms or at least match inflation isn't clear yet.

Given the general financial benefits of owning a position of stability would make buying if possible seem to be the better choice.

Sibley

Brit.

Update your signature or do one.

IveSeenTheLight

Sibley wrote: »

Brit.

Update your signature or do one.

He'll be as well leaving it as his prediction for this September. It's almost closer to Sept 2013 than his signature of Sept 2012

marathonic

I'm looking forward to the Northern Ireland Property Price Index due out on Wednesday.

The report will be available here: http://www.dfpni.gov.uk/lps/statistics-and-research-publications.htm

This will be for sales up to December 2012 and, having bought in December 2012, will serve as a baseline for me to judge the subsequent drop/fall in my property value.

HAMISH_MCTAVISH

brit1234 wrote: »

meaningless junk.

Like your out of date signature.

Percy1983

HAMISH_MCTAVISH wrote: »

Like your out of date signature.

2 wrongs don't make a right.

Dribley

IveSeenTheLight wrote: »

He'll be as well leaving it as his prediction for this September. It's almost closer to Sept 2013 than his signature of Sept 2012

I thought he was a she? Perhaps she is a he like SIbley's wife

Dribley

Turnbull2000 wrote: »

Domestically, we have QE, Funding for Lending, local authority first-time buyer mortgage guarantees and innovative Lend A Hand type mortgage products.

Fat lot of good those have done! Why are you so bothered? I thought you lived with your sister!

And for goodness sake get rid of your 'removed by MSE' signature. You're looking more like Turnip2000 than Turnbull2000 :rotfl:

Harry_Boyle

brit1234 wrote: »

Why?

You do know this is initial asking prices for 1 month, none of it has been converted to actual sales.

The Rightmove index will be worthless junk unless they include all their properties on their books till point of sale or removal. The index ignores if older properties asking prices have gone up or down, thus it is meaningless junk.

I appreciate your point on the Rightmove index but as others have already alluded to, it's difficult to discuss movements of house price indexes with someone who is so disbelieving of a positive upturn that he refuses to update his signature from figures released in September 2012.

If you don't believe the indexes, then why quote them at all?

Percy1983

Harry_Boyle wrote: »

I appreciate your point on the Rightmove index but as others have already alluded to, it's difficult to discuss movements of house price indexes with someone who is so disbelieving of a positive upturn that he refuses to update his signature from figures released in September 2012.

If you don't believe the indexes, then why quote them at all?

In his defence I don't see him quoting the rightmove index.