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Debate House Prices
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House sales at highest level since June 2010, says RICS
Comments
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Over on hpc.co. uk they are clinging on to this news like a drowning man would cling on to a friendly dolphin.0
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ruggedtoast wrote: »Over on hpc.co. uk they are clinging on to this news like a drowning man would cling on to a friendly dolphin.
Then they probably haven't read it correctly....;)
The report states, for England and Wales, that:
15% show prices falling, most very marginally.
67% show prices stable.
18% show prices rising.
Leaving a headline price balance of +3 for England and Wales.“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”0 -
HAMISH_MCTAVISH wrote: »The report states, for England and Wales, that....
15% show prices falling, most very marginally.
67% show prices stable.
18% show prices rising.
Leaving a headline price balance of +3 for England and Wales.
So your statement appears to be incorrect Graham.
More are getting in a higher prices than lower prices. And most are getting in at the same price.
Don't tell me Hamish those showing rising prices have seen massive gains, seeing as you're at pains to highlight that the falling prices are very marginal.0 -
HAMISH_MCTAVISH wrote: »More are getting in a higher prices than lower prices. And most are getting in at the same price.
Considering your overwhelming concern for FTBs, where do you stand on this?0 -
Graham_Devon wrote: »Considering your overwhelming concern for FTBs, where do you stand on this?
Hamish needs FTB'ers to help fund his part in the pyramid scheme. Therefore he needs FTB'ers to pay higher prices.
He has no concern for their financial well being whatsoever, it is all for personal gain.0 -
HAMISH_MCTAVISH wrote: »The report states, for England and Wales, that....
15% show prices falling, most very marginally.
67% show prices stable.
18% show prices rising.
Leaving a headline price balance of +3 for England and Wales.
So your statement appears to be incorrect Graham.
More are getting in a higher prices than lower prices. And most are getting in at the same price.
Did that hurt listing the 3 figures, I thought you would have done your usual, you know:
85% Stable or rising
15% Falling
Anyway, more sales must mean more of FTBs you worry about are getting through without prices rocketing, surely this is good news.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Aren't there 2 big bits of news here?
- 67% show prices are stable. That means by far the biggest group think prices are neither up nor down
- Sales are rising which hopefully means the market is starting to function again. My suspicion is that means that buyers are coming up to meet sellers demands, that the sellers' strike is ending. I've no idea if that is accurate though, it's just a theory.0 -
Graham_Devon wrote: »Compared to when?
Almost certain they will have paid less than they would in 2008/7/6 and maybe even 2005.
The last 12 months or so. Prices have increased and volumes seem to be following. Yes, prices are below peak but I wasn't saying that had been achieved - I'm saying a recovery of sorts is underway.
Rising transactions, rising prices and rising employment aren't generally a sign of an economy going backwards.0 -
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Graham_Devon wrote: »More and more stimulus to provide these figures could be though.
How? I thought you'd written off all attempts to stimulate the housing market as failed.
IMO some of the stimulus measures will have had an effect but I'm starting to think that an improving economy is more likely.0
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