We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Rightmove March +1.6% MoM +6.8% YoY
HAMISH_MCTAVISH
Posts: 28,592 Forumite
"Spring is in the air and the country is finally on the move.
With prices on the up and set to increase more, there is a greater sense of urgency among buyers, and as an increasing number of them are existing home-owners, the supply of property for sale is starting to increase to meet growing buyer demand.
The mass property market is starting to unlock after years of being handcuffed by fragile consumer confidence and a lack of low-deposit mortgages.
The result is a new national asking price record, driven by a mortgage market that allows pent-up demand to be released combined with a welcome economic recovery.”
http://www.rightmove.co.uk/news/house-price-index/march-2014
Good.
:beer:
And exactly as predicted, rising prices are delivering a supply response and unlocking the frozen market, enabling more people to buy and sell.
It's been discussed on here often enough that this should come as absolutely no surprise to anyone.
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
0
Comments
-
This thread needs some pictures.
Don't blame me, I voted Remain.0 -
great news.....but how long will the revival last or is it a blip???...the 64..question!mfw'11 No68- 55k mortgage İO--little to nothing saved! i must do better.0
-
Great news indeed.
As for how long it will last, we've not even completed the recovery yet, and we've then got to have the next boom/bust cycle.
So barring unpredictable external events like the global financial crisis, the next peak based purely on demographics and supply/demand should be in the mid to late 2020's.“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 -
Has prime London turned?0
-
This is a very difficult point to grasp for some people on here...HAMISH_MCTAVISH wrote: »And exactly as predicted, rising prices are delivering a supply response and unlocking the frozen market, enabling more people to buy and sell.0 -
Do you remember when all those people were on about prices crashing?
Is that HPC website still going?
What is Bruce Spanners take on all this?
Let me guess.
Where he lives is 30% downWe love Sarah O Grady0 -
HAMISH_MCTAVISH wrote: »Great news indeed.
As for how long it will last, we've not even completed the recovery yet, and we've then got to have the next boom/bust cycle.
So barring unpredictable external events like the global financial crisis, the next peak based purely on demographics and supply/demand should be in the mid to late 2020's.
So what you are saying there is, definitely, definitely going to go up, by quite a lot more for quite a long time
but actually might not0 -
Reducing disposable income, for many, for the foreseeable future will put a brake on rampant price increases for the bulk of the country.
Dual incomes are already required in many areas, what next triple incomes?
Once the pent up demand has gushed reality will take hold.
How long before the Council Tax Genie escapes with a vengance? Necessary living costs aren't going to fall. Taxes will increase."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Do you remember when all those people were on about prices crashing?
Is that HPC website still going?
What is Bruce Spanners take on all this?
Let me guess.
Where he lives is 30% down
30% down and falling steadily. Meanwhile his rent is now negative, with the landlord so desperate to keep him that he's paying banner to stay on.0 -
HAMISH_MCTAVISH wrote: »And exactly as predicted, rising prices are delivering a supply response and unlocking the frozen market, enabling more people to buy and sell.
So why then, do we need HTB to provide supply?!
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards