MSE News: UK house prices up by 8.4% in 2013, Nationwide says

edited 30 November -1 at 1:00AM in House Buying, Renting & Selling
11 replies 2.4K views
Former_MSE_HelenFormer_MSE_Helen
2.4K Posts
edited 30 November -1 at 1:00AM in House Buying, Renting & Selling
"House prices rose by 8.4% over 2013 across the UK – the biggest annual increase since June 2010, says Nationwide..."
Read the full story:

UK house prices up by 8.4% in 2013, Nationwide says

OfficialStamp.gif


This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.


Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
«1

Replies

  • It's progress. Should hit 10%+ UK wide in 2014.
    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
  • HAMISH_MCTAVISHHAMISH_MCTAVISH Forumite
    28.6K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    Excellent news, and prices up in every region of the country.

    Great to see the recovery is now strengthening across the whole UK and no longer confined to a few hotspots.
    “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”
  • Running_HorseRunning_Horse Forumite
    11.8K Posts
    ✭✭✭✭✭
    Excellent news for who? I want my child to be able to afford a house in a few years, not have to reply on me for a handout I can't afford on top of university fees. This bubble will eventually burst just like all the others.
    I was present at wreath-laying but don't think I was involved.
  • Typhoon2000Typhoon2000 Forumite
    1K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    ✭✭✭
    What's this bubble. Prices were lower in 2009 but people still were not able to get mortgages to buy. Prices are now higher and people those people can't afford to buy. If prices fall in the future, interest rates will probably be so high, people won't be able to afford the higher repayments on their lower priced properties.

    I think we all have to accept that there will be more people who will never be able to buy their own home. Times are changing. More people will have to rent like most of Europe.
  • AndyGuilAndyGuil Forumite
    1.7K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    ✭✭✭
    Excellent news for who? I want my child to be able to afford a house in a few years, not have to reply on me for a handout I can't afford on top of university fees. This bubble will eventually burst just like all the others.

    You don't pay university fees up front anymore. They are paid through the tax from the person that went to university if they earn over a certain amount. The parents don't pay anything. The system changed a few years ago.
  • james_smithajames_smitha Forumite
    343 Posts
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    ✭✭
    trully amazing given that incomes are stagnating, energy prices are riseing at three times average salaries, train fares are up about 3% and food prices are riseing too
  • The good news on this morning's radio news was that First Time Buyer numbers are driving much of this improvement in the housing market
  • JohnRoJohnRo Forumite
    2.9K Posts
    Tenth Anniversary 1,000 Posts Combo Breaker
    ✭✭✭✭
    What sort of a "recovery" is built on inflated non-productive asset prices.

    All good pyramids need to suck in new investors. Help to buy into the insolvent bank bailout housing bubble at the expense of savings and pensions seems to be working as intended, pandering to smug mortgage welfare recipients in time for the next election.
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
  • HAMISH_MCTAVISHHAMISH_MCTAVISH Forumite
    28.6K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    JohnRo wrote: »
    What sort of a "recovery" is built on inflated non-productive asset prices.

    All good pyramids need to suck in new investors. Help to buy into the insolvent bank bailout housing bubble at the expense of savings and pensions seems to be working as intended, pandering to smug mortgage welfare recipients in time for the next election.

    Thanks for playing today's round of 'Crashaholic Bingo'.

    Unfortunately, you missed out "crumbling piles of bricks" so no prize for you. :D
    “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”
  • squeekssqueeks Forumite
    309 Posts
    If prices are up by 8%+ shouldn't this be an indicator of where the mortgage interest rates are heading shortly?
This discussion has been closed.
Latest News and Guides