Debate House Prices


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Nationwide march: +0.0% MoM +0.8%YoY

HAMISH_MCTAVISH
HAMISH_MCTAVISH Posts: 28,592 Forumite
Name Dropper First Anniversary Photogenic First Post
in Debate House Prices & the Economy
UK house prices in March were up 0.8% from a year earlier, according to the latest figures from the Nationwide.

The building society said it was the first annual increase since February 2012. Prices were unchanged in March compared with the previous month.

The average UK home is now worth £164,630, the survey found.

http://m.bbc.co.uk/news/business-21964067
“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”
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Comments

  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Bit of a nothing story really.
    YOY is up slighly however MOM it was flat.

    Cue the "Real Term" posters.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • angrypirate
    angrypirate Posts: 1,151 Forumite
    Wow. Check out that HPI. People are gonna miss the boat if they arent careful, especially with CPI currently at 2.8%...oh, hang on.
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    Wow, the performance of London is exceptional. If Osborne can bring such strong house price growth to the regions, Cameron may have a glimmer of hope in 2015.

    Has there been any rent price news lately??
    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
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    First Post First Anniversary Combo Breaker
    My public sector payrise is better than that!
    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 13/01/2012
  • moneyinmypocket
    moneyinmypocket Posts: 908 Forumite
    Prices are rising YOY and renters are paying rent every month. Even if house prices stayed static for a decade it's still better then renting
  • Dribley
    Dribley Posts: 178 Forumite
    Turnbull2000 wrote: »
    Has there been any rent price news lately??

    Yes, yours is going up by 10% next month, according to your..........;)
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    This rise is not enough to satisfy equity hungry homeowners.

    Over on hpc.co.uk this news is nevertheless rather maddening for them, I remember myself craving a fall in these indexes, desperate for any sign that places may become affordable - but there is none of that here.
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    Since 2008, London homeowners have probably made many multiples of what your average crash hopeful has saved! Oh dear. They should have took the plunge whilst they had the chance.
    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
  • Dribley
    Dribley Posts: 178 Forumite
    Turnbull2000 wrote: »
    Since 2008, London homeowners have probably made many multiples of what your average crash hopeful has saved! Oh dear. They should have took the plunge whilst they had the chance.

    I thought you lived in some Northern dump? Why are you bothered? Particularly as House prices are dropping there!
  • ess0two
    ess0two Posts: 3,606 Forumite
    Name Dropper First Post First Anniversary
    angrypirate wrote: »
    Wow. Check out that HPI. People are gonna miss the boat if they arent careful, especially with CPI currently at 2.8%...oh, hang on.


    Yeah, best bet is to keep renting and pay someone elses mortgage.
    Official MR B fan club,dont go............................
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