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Debate House Prices
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This is the life!
MrRee_2
Posts: 2,389 Forumite
Property values are rising at their fastest rate for three years and first-time buyers are at a six-year high, new figures reveal, creating a “virtuous circle” which has given banks and building societies more freedom to lend at the current historically low interest rates.
The result is a “contagious” confidence in the housing market, which will have a knock-on effect for the wider economy, according to industry experts.
The latest evidence of Britain’s economic recovery comes days after forecasts for the country’s annual economic growth were doubled from 0.8 to 1.5 per cent.
The Halifax’s latest monthly index recorded an annual rise of 5.4 per cent, taking the price of the average home up from £160,292 to £170,231, the fastest rate of growth since 2010.
Meanwhile figures compiled by LSL Property Services’ First Time Buyer Monitor showed 26,100 first-time buyers took out loans in July, the highest number for six years and a 45 per cent rise on the same month last year.
Rejoice! Good times returning to a town near you very soon!
Get stuck in there ..... get some of this good fortune ..... dip yer bread!!
The result is a “contagious” confidence in the housing market, which will have a knock-on effect for the wider economy, according to industry experts.
The latest evidence of Britain’s economic recovery comes days after forecasts for the country’s annual economic growth were doubled from 0.8 to 1.5 per cent.
The Halifax’s latest monthly index recorded an annual rise of 5.4 per cent, taking the price of the average home up from £160,292 to £170,231, the fastest rate of growth since 2010.
Meanwhile figures compiled by LSL Property Services’ First Time Buyer Monitor showed 26,100 first-time buyers took out loans in July, the highest number for six years and a 45 per cent rise on the same month last year.
Rejoice! Good times returning to a town near you very soon!
Get stuck in there ..... get some of this good fortune ..... dip yer bread!!
Bringing Happiness where there is Gloom!
0
Comments
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Shakes MrRee's hand.
Yup, we are in a great place.
Even if it is a bubble it's win win for me.
I'll sell my rental place for the right money.
That will look great in my bank account.We love Sarah O Grady0 -
The problem is that everything MrRee posted is true.
This isn't going to be a good thread for the bad news merchants. I wouldn't be surprised if they were on google right now searching for bad news stories to start new threads.0 -
Of course it's true ....... we can all feel it, the warmth of economic well-being.
All except the likes of Graham_Devon of course - who don't have a positive bone in their collective bodies!
This is it, Folks ..... enjoy life and live life, rejoice!Bringing Happiness where there is Gloom!0 -
JLR are creating 1,700 new jobs in Solihull.
Factory output up in China.
Bob Geldof set to be the first Irishman in space.
Today is the good-news day that just keeps on giving! :beer:0 -
I've read his post twice and there is no mention of a "housing bubble" which you say will "set us all upon the road to austerity".
Could you point out where MrRee refers to there being a housing bubble? I can't find it.
Apparently your mate OffGridLiving was banging on about it, shortly before he got banned!0 -
I've read his post twice and there is no mention of a "housing bubble" which you say will "set us all upon the road to austerity".
Could you point out where MrRee refers to there being a housing bubble? I can't find it.
I was paraphrasing
TruckerTAccording to Clapton, I am a totally ignorant idiot.0
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