Debate House Prices


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London Has Peaked

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Comments

  • hpifever
    hpifever Posts: 106 Forumite
    http://www.propertywire.com/news/europe/central-london-property-prices-2015020910134.html
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    hpifever wrote: »
    http://www.propertywire.com/news/europe/central-london-property-prices-2015020910134.html

    Awwww, bless.

    The Home.co.uk asking price index.

    So putting aside for a moment the obvious questions....

    Like "who on earth are these home.co.uk people that nobody has ever heard of?"

    And....

    "Why would someone be quoting asking price reductions on an obscure index in PCL as 'evidence' of price falls?"

    This particular piece of churnalism also neglects the key info from that same release.

    Here it is...
    Prices are rising in more regions than might be expected for the time of year and price discounting is at a 4-year low.

    The biggest price growth was observed in Greater London over the last month

    Wow....

    That certainly doesn't support the notion that 'london has peaked'.

    Wonder what they think the outlook is like?
    The positive momentum gained through the course of 2014 has clearly been carried through into 2015. Demand remains ahead of supply in most parts of the UK and looks set to stay that way as mortgage deals seemingly get better and better.
    http://www.home.co.uk/asking_price_index/

    Ah well, better luck next time.....;)
    “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”
  • danothy
    danothy Posts: 2,200 Forumite
    Part of the Furniture Combo Breaker
    The Home.co.uk Asking Price Index is the UK's only independent, forward market indicator. The published figures indicate fluctuations in residential property asking prices and thereby reflect current and historic confidence of buyers and sellers of UK homes on the open market.

    Seems Home.co.uk have had their intellectual property infringed with regards to their indexing method by BS and CT.
    If you think of it as 'us' verses 'them', then it's probably your side that are the villains.
  • padington
    padington Posts: 3,121 Forumite
    edited 9 February 2015 at 10:50PM
    Lack of house builders to compound the high price of London property with even the cheapest London houses being worth at least half a million by 2019 ...

    http://www.businessinsider.com.au/when-will-house-prices-stop-rising-2015-2
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    hey bulls
    just got back
    hows the bubble going?
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Bubble_and_Squeak wrote: »
    hey bulls
    just got back

    Did you go back to October 2013 to give yourself a slap?
    Bubble_and_Squeak wrote: »
    hows the bubble going?

    Same old. The crashers are still clinging to the same failed formula..

    Today's headline news = this mother's going down!

    One things for sure - when the next crash appears they'll rejoice in calling it despite being wrong for the previous 36,500 days.
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    Bubble_and_Squeak wrote: »
    hey bulls
    just got back
    hows the bubble going?

    Hey Bubbles, good to see you back.
    Where did you go?
    Don't know about any bubble. Sorry.
    Don't blame me, I voted Remain.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Bubble_and_Squeak wrote: »
    hey bulls
    just got back
    hows the bubble going?

    Good news and bad news, it burst in early 2008, but the good news (at least for London) is that the market recovered.
    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
  • TheBlueHorse
    TheBlueHorse Posts: 176 Forumite
    i bought a house last year for 550k. the house opposite sold last week for 690k. even if it were to "crash" back down by 10% you'd still be worse off for having waited.
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    interesting times, bulls
    manor park has shot up 20% since i been away
    some "bargains" to be had in walthamstow, though
    looks like some BTLers are pulling out of tottenham
This discussion has been closed.
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