Housing market gathers pace in March

Saltywater

So what's people's thoughts?

Prices up by 25-30% over 5 years?

http://uk.reuters.com/article/2014/04/10/uk-housing-market-idUKBREA3823X20140410

chucky

Saltywater wrote: »

So what's people's thoughts?

Prices up by 25-30% over 5 years?

http://uk.reuters.com/article/2014/04/10/uk-housing-market-idUKBREA3823X20140410

It was only last month that RICS were saying that price increases and/or demand were losing momentum...

They were wrong [yet] again.

Saltywater

chucky wrote: »

It was only last month that RICS were saying that price increases and/or demand were losing momentum...

Interpreting a journalists view of a RICS report is always foolish.

Did it not state that the market has lost steam over the month but was up over the last 3 months?

No one can predict house prices month by month but a long term view is a better indicator.

I can't see how house prices will be lower in 15 years time than they are now but a rise of 25-30% over 5 years could cause some real problems for a lot people.

chucky

Saltywater wrote: »

Did it not state that the market has lost steam over the month but was up over the last 3 months?

No one can predict house prices month by month but a long term view is a better indicator.

I can't see how house prices will be lower in 15 years time than they are now but a rise of 25-30% over 5 years could cause some real problems for a lot people.

I'm with you my brother.

AndyGuil

RICs predict 6% per year for the next 5 years.

Saltywater

AndyGuil wrote: »

RICs predict 6% per year for the next 5 years.

Exactly. How we are going to deal with the problem is the million dollar question.

MrRee_2

What problem?

All my properties are going up faster than I can remember, ever!

Those who cannot buy will have to rent - some jokers on here would have you believe that is the best option (of course we all know it isn't!).

There is no problem for most, sat on a nice golden egg in most cases, money in the bank, cheap money to borrow, leverage is back, you simply cannot lose ...... unless you wait to buy, then you lose with each day.

A friends house has just gone on the market, sold within hours - for the guide price (the EA said let's 'try' a high Guide to test the market!!) ...... personally, I laughed at the price being put on it (thinking they would have to drop, as they have bought elsewhere and may feel pressure to sell) ................ but, this madness is such that the guide price was paid - without haggling or question!

I'm shocked, I really am, but is it a problem to me? Nah, no way on earth! Rock on ..................

REJOICE!!

Snubs nose to those losers on HPC, beautiful .....

Saltywater

MrRee wrote: »

What problem?

All my properties are going up faster than I can remember, ever!

Those who cannot buy will have to rent - some jokers on here would have you believe that is the best option (of course we all know it isn't!).

There is no problem for most, sat on a nice golden egg in most cases, money in the bank, cheap money to borrow, leverage is back, you simply cannot lose ...... unless you wait to buy, then you lose with each day.

A friends house has just gone on the market, sold within hours - for the guide price (the EA said let's 'try' a high Guide to test the market!!) ...... personally, I laughed at the price being put on it (thinking they would have to drop, as they have bought elsewhere and may feel pressure to sell) ................ but, this madness is such that the guide price was paid - without haggling or question!

I'm shocked, I really am, but is it a problem to me? Nah, no way on earth! Rock on ..................

REJOICE!!

Snubs nose to those losers on HPC, beautiful .....

I too own several property's, one is up over 35% in less than 2 years, some are down on the 2007-8 peak so have quite a way to go up in the near term.

The problem is how people are going to afford them in 15-20 years.

40 year mortgages?

Carl31

MrRee wrote: »

What problem?

All my properties are going up faster than I can remember, ever!

Those who cannot buy will have to rent - some jokers on here would have you believe that is the best option (of course we all know it isn't!).

There is no problem for most, sat on a nice golden egg in most cases, money in the bank, cheap money to borrow, leverage is back, you simply cannot lose ...... unless you wait to buy, then you lose with each day.

A friends house has just gone on the market, sold within hours - for the guide price (the EA said let's 'try' a high Guide to test the market!!) ...... personally, I laughed at the price being put on it (thinking they would have to drop, as they have bought elsewhere and may feel pressure to sell) ................ but, this madness is such that the guide price was paid - without haggling or question!

I'm shocked, I really am, but is it a problem to me? Nah, no way on earth! Rock on ..................

REJOICE!!

Snubs nose to those losers on HPC, beautiful .....

trouble is, who will buy these properties off you eventually to allow you to benefit from these gains

You better hope your properties are worth something to investors, as that's probably the only people that will be able to buy them when the time comes

BillJones

Saltywater wrote: »

I too own several property's,

All without ever having learned to spell properties...

Saltywater

BillJones wrote: »

All without ever having learned to spell properties...

Dyslexic dear chap!!!