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Debate House Prices


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Halifax unfortunately +0.5% MOM +1.9% YOY

Graham_Devon
Graham_Devon Posts: 58,560 Forumite
Part of the Furniture 10,000 Posts Combo Breaker
in Debate House Prices & the Economy
The UK housing market is continuing to show signs of improvement, according to the latest survey from the Halifax.

House prices rose by 0.5% in February, it said, with property values now 1.9% higher than a year ago. The average property now costs £163,600.
Halifax also said housing sales had continued on a "modest upward trend".
I think I've given up for the first 6m of this year! Nothing can effect house prices or stock markets at the moment it seems.

http://www.bbc.co.uk/news/business-21681511
«13456

Comments

  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    I suspected we'd be in for a strong Spring bounce - and here we are. Reckon this could gather some momentum into the summer.

    I note the BBC are reporting these rises as an "improvement". That'll really irk the HPC loons!

    http://www.bbc.co.uk/news/business-21681511
    The UK housing market is continuing to show signs of improvement, according to the latest survey from the Halifax.
    House prices rose by 0.5% in February, it said, with property values now 1.9% higher than a year ago. The average property now costs £163,600.
    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 ForumTeam
  • RENTING_IS_DEAD_MONEY
    RENTING_IS_DEAD_MONEY Posts: 11 Forumite
    Oh dear, they really dont like this news over in the HPC loonybin. Back of the net!
  • Mr._Pricklepants
    Mr._Pricklepants Posts: 1,311 Forumite
    It's looking good for my 2013 +4% YoY prediction. :)
  • crash123
    crash123 Posts: 399 Forumite
    Last months figure has been revised from -0.2% to -0.3%.
    Will this months figures be revised down?
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    Mr._Pricklepants wrote: »
    It's looking good for my 2013 +4% YoY prediction. :)

    6% was my forecast. Rents will probaby a little slower at 5%.

    Though some double digit improvements in London would not surprise.
    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 ForumTeam
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    crash123 wrote: »
    Last months figure has been revised from -0.2% to -0.3%.
    Will this months figures be revised down?

    Probably, though makes little difference. They appear to be revising down most months as do the lang registry.

    Would assume this is built into the following months figure?
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    crash123 wrote: »
    Last months figure has been revised from -0.2% to -0.3%.
    Will this months figures be revised down?

    There isn't any point in speculating whether it will remain the same or be revised up or down, the point is, at the moment it is +0.5%
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Mr._Pricklepants
    Mr._Pricklepants Posts: 1,311 Forumite
    crash123 wrote: »
    Last months figure has been revised from -0.2% to -0.3%.
    Will this months figures be revised down?

    Maybe...maybe not...maybe revised up.

    Who cares anyway whether it's 0.4 or 0.5 MoM?

    But if it gives you comfort, by all means, keep on clutching. :)
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    Ah well, there'll be some excitement for the "bears" next month when the +2.2 drops out from the YoY calculation.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    Unfortunately people continue to confuse rising house prices as an 'improving' market.

    However the only true evidence of an improving market would be a significant increase in the level of sales.
    Why are we here?......................because we are not all there.
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