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House Prices: New Record High - Nationwide +1% MoM +5.3%YoY
HAMISH_MCTAVISH
Posts: 28,592 Forumite
http://www.bbc.co.uk/news/business-32510370Between March and April, prices rose by 1% - the largest monthly rise since June 2014.
And the annual pace of growth rose to 5.2%, the first time that this measure has risen in seven months.
The average house price is now £193,048 - the highest figure yet recorded by Nationwide and the first time prices have exceeded £190,000.
:beer::beer:
“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”
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Comments
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And just for CrashyTime....
http://www.eveningexpress.co.uk/news/local/aberdeen-house-prices-continue-to-rise-despite-oil-slump-1.870557HOUSE prices in Aberdeen were revealed today as continuing to rise – despite the oil slump.
In the first three months of 2015 house prices in Aberdeen and suburbs rose by 0.5%.
The annual house price rise in the Aberdeen area was up 7.3%.
“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 -
HAMISH_MCTAVISH wrote: »
Surely just another indicator the government are not addressing the housing shortage:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Surely just another indicator the government are not addressing the housing shortage
There is NO Housing Shortage
“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 -
HAMISH_MCTAVISH wrote: »
This surprises me, I thought we were seeing a gradual slowdown especially with sentiment being hit by electoral uncertainty. ONS yesterday confirmed volumes continue to fall.
I'm also not sure the beers are justified, surely in much of the country a house price standstill (brought about by supply increasing to satisfy demand) would be preferable? Surely rising prices but low volumes is worse for the economy than stable prices and higher volumes?I think....0 -
IveSeenTheLight wrote: »Surely just another indicator the government are not addressing the housing shortage
Governments don't build houses.0 -
Thrugelmir wrote: »Governments don't build houses.
Three points: -
1) They have in the past
2) Why can't they in the future
3) My point was they had not addressed the housing shortage. they could put in legislation or amends policies which promotes house building.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Thrugelmir wrote: »Governments don't build houses.
I think the housing shortage, continued rising prices (a largely negative outcome socially), and the insecurity inherent in private renting (into which more and more people are being herded due to the other two points) means that it would be a really good idea if they did.0 -
Net mortgage lending about flat (down a fraction).
In deflation watch news, M4 money supply is down 0.6% on the year. Especially interesting as US broad money is up and accelerating higher.
We live in interesting times for interest rates. Markets expect the Fed rate to be almost exactly half what the Fed expects it to be in 18 months time.
Something's gotta give...!0 -
If you take out the super prime London prices out the equation it's even better.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0
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If there really is a housing shortage, then prices must rise until builders simply cannot ignore the potential profits any more.
My question though is - where are all these people living that need the 1000's of houses you suggest we so desperately need? And by this, I mean people that could afford to buy the house if it was built - at current prices or even, for example, prices 20% below today.0
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