A "full-scale property boom will begin in 2014"

HAMISH_MCTAVISH

Prices now rising in real terms on that graph as well last quarter.

Likely to continue.

IveSeenTheLight

Originally_Posted_by_abaxas wrote:

If there hadn't been a 'credit crunch' there would be little or no market as houses would be selling for 200x sacks of tatties.

ILW wrote: »

What does that mean?

According to Potato.org, the most expensive potatoes are £22 for 15Kg

http://potato.org.uk/market-information/gb-potato-prices/wholesale-market-report

You can get 25Kg for £18.00

Taking this into account, your looking at between £3.600 or £4,000 for a house.

I recall a friend of mine bought a 2 bed house for £5k, but it needed about £40k of work to completely strip and rebuild inside.

SteveV2

Started a site in North Norfolk. Was told there was 10 to build and 8 more if they sell 2 off plan.

4 sold off plan already and the footings aren't even in!

HAMISH_MCTAVISH

The idea of a boom starting in 2014 is looking a bit more likely than it was even a month ago.

Nikkster

I've noticed that Location, Location, Location is back for a new series this week...
Gin and tonics all round

Jack_Johnson_the_acorn

I say, boom boom boom now let me hear you say wayoh (Wayoh)

nickj_2

Graham_Devon wrote: »

You could get higher house prices, sure.

But to get a recovery, first you need to start wuthdrawing from the life support. Rather than withdrawing, were just getting pumped with stronger drugs on a more frequent basis.

A recovery (IMO) would be when we can start removing stimulus and still grow.

That isn't what we have at the moment, again, IMO removing stimulus would be more akin to playing Jenga with the economy.

tick tock tick tock tick tock

anotheruser

And how will a housing boom help those who can't get on the house ladder? Assuming I am correct in my interpretation of boom?

Perhaps it is just me, those who own their homes seem to be a little selfish and expect their house to be worth more than when they paid for it.
Prices go up and down, the majority go down and stay that way.

Then again, the "boom" could just be a building boom, which would be more descriptive.

CLAPTON

anotheruser wrote: »

And how will a housing boom help those who can't get on the house ladder? Assuming I am correct in my interpretation of boom?

Perhaps it is just me, those who own their homes seem to be a little selfish and expect their house to be worth more than when they paid for it.
Prices go up and down, the majority go down and stay that way.

Then again, the "boom" could just be a building boom, which would be more descriptive.

the majority of people who own houses don't in general have any effect on the price whether or not they are 'selfish';

the price is determined by those that buy and those that sell

Fishingtime

anotheruser wrote: »

And how will a housing boom help those who can't get on the house ladder?

Who the hell gives 2 hoots about them