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Debate House Prices


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

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Comments

  • System
    System Posts: 178,390 Community Admin
    10,000 Posts Photogenic Name Dropper
    ruggedtoast wrote: »
    Over on the forum hpc.co.uk this news has not been well received. Poor Eric Pebble. I don't think there is a font large or red enough to express his feelings about the last few years.

    Looks like they also don't understand the difference between London and everywhere else to be honest.

    http://www.rightmove.co.uk/news/house-price-index/regional-trends-14
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • pbouk
    pbouk Posts: 251 Forumite
    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:

    Asking prices are Not Sold prices :wall::wall::wall::wall:
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    pbouk wrote: »
    Asking prices are Not Sold prices :wall::wall::wall::wall:

    No, the sold prices appear to be higher.

    EA's are suggesting 3-5% over asking price is now not uncommon as buyers scramble to get a house before it becomes more expensive.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    chucky wrote: »
    A combination really. I see prices as high and am comfortable with the profit made. I bought at a good time too so helps to make the decision, I can clear my domestic mortgage and have capital left over.



    I thought about selling 2 or 3 myself, I'm happy enough with current prices to the extent that I could live the market going even higher and not caring, but what to do with equity, that is the issue. My home mortgage is already paid off, my rental profits are extra high (due to low margin tracker mortgages) and I have just invested quite a bit in the ftse, so that only really leaves savings accounts that pay a net rate far less than the rate of inflation. So my conclusion has to be to stay in the market for now, but I fully understand why you have locked in some profit, well done.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • moneyinmypocket
    moneyinmypocket Posts: 908 Forumite
    More good news for the country.
  • pbouk
    pbouk Posts: 251 Forumite
    Graham_Devon wrote: »
    No, the sold prices appear to be higher.

    EA's are suggesting 3-5% over asking price is now not uncommon as buyers scramble to get a house before it becomes more expensive.

    All EA's should be gathered up and put on the bonfire every 5th november:)
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    No, the sold prices appear to be higher.

    EA's are suggesting 3-5% over asking price is now not uncommon as buyers scramble to get a house before it becomes more expensive.
    This is very good news.
  • shireknight
    shireknight Posts: 187 Forumite
    Loving all the recent house price news, brought my house for £102,000 in 2004 and was secretly hoping to sell it for £150,000 in around 2035 when I'm looking to retire.

    I know you should take the prices on Zoopla with a pinch of salt but on there my house is already listed as valued at £130,000 and I still have 21 years to go yet lol
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