Rightmove April 2014 : +2.6% MoM, +7.3% YoY

mayonnaise

Rightmove April 2014 : +2.6% MoM, +7.3% YoY

Key points

7.3% annual rate of increase in asking prices – highest since October 2007 and takes us back to pre-credit-crunch levels
New seller asking prices hit record highs in all four southern regions contributing to a new national average all-time high of £262,594 – up 2.6% on last month
By contrast, northern regions still an average of 6% behind October 2007 benchmark
The number of properties coming to market so far in 2014 up 13% on last year but supply shortages are still fuelling prices in many areas in the south
Will Mortgage Market Review take the heat out of demand, or will prices only top out when buyers ‘borrow to the max’? Or will Financial Policy Committee use future powers to launch a pre-emptive strike to limit buyers’ borrowing?

http://www.rightmove.co.uk/news/house-price-index/april-2014-2

Bueno. :beer:

chucky

mayonnaise wrote: »

Rightmove April 2014 : +2.6% MoM, +7.3% YoY


http://www.rightmove.co.uk/news/house-price-index/april-2014-2

Bueno. :beer:

I'm selling at the moment so this is great news.

ruggedtoast

Oh God. No.

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOO.

When will the insanity end?


These first time buyers have just been on Rightmove

Bantex_2

Are BoE still being vigilant?

mayonnaise

ruggedtoast wrote: »

These first time buyers have just been on Rightmove

Noooooo.......

It's 'Ashes' by Edvard Munch, you silly toast.

When lovers are consumed by the hot flame of passion their love turns to ashes. That clearly is the meaning indicated by the title. The elements comprising the scene, however, suggest a more ambiguous and complicated content. Sexual
activity over, the lovers have separated. The man, in averted profile, cowers in grief or fear while the woman stands erect and faces the front, her white dress not yet buttoned up to conceal her sensual red undergarment

mayonnaise

chucky wrote: »

I'm selling at the moment so this is great news.

Good stuff chucky.
Whereabouts in the country, if I may ask?

Generali

chucky wrote: »

I'm selling at the moment so this is great news.

And not buying...?

Bantex_2

chucky wrote: »

I'm selling at the moment so this is great news.

Why sell something that is increasing in value?

chucky

mayonnaise wrote: »

Good stuff chucky.
Whereabouts in the country, if I may ask?

In London my brother.

Generali wrote: »

And not buying...?

No it's investment property bought in 2008. I feel that things could be changing and the also feel that exit taxes for investment properties will start to increase in the next year or two.

Bantex wrote: »

Why sell something that is increasing in value?

Because this is a market where prices will go up and also come down.

chucknorris

Bantex wrote: »

Why sell something that is increasing in value?

Nobody has ever went skint taking a profit.

Jason74

chucky wrote: »

In London my brother.

No it's investment property bought in 2008. I feel that things could be changing and the also feel that exit taxes for investment properties will start to increase in the next year or two.

Because this is a market where prices will go up and also come down.

Interesting. The general consensus seems to be that London prices will continue on their current crazy trajectory pretty much indefinitely. While that seems unlikely to me, simply as there comes a point where people just haven't got any more money), I don't see anyone suggesting actual price falls.

Out of interests, where about's in London are you selling, and what type of property is it ?. And what makes you think that "things could be changing". I'm just interested in a view "from the coalface", that is a bit different to the "up up and away" prevailing wisdom.