House prices going up now torys in charge?

floridaman

Can we expect a housing boom now we have a Tory majority gov

Pixie5740

House prices will continue to go due to supply and demand regardless of who is in Number 10.

Thrugelmir

floridaman wrote: »

Can we expect a housing boom now we have a Tory majority gov

Nothing in their manifesto that suggests that they will influence prices directly either positively or negatively. .

wymondham

Thrugelmir wrote: »

Nothing in their manifesto that suggests that they will influence prices directly either positively or negatively. .

We'll have something within a few weeks I reckon - price rises of course!!

Carl31

Probably be the reason labour get in next time, unless they can do something magical where prices plateau, and wages rocket

shortchanged_2

I look forward to the great unveiling of (he says in a deep gravelly voice)........coming soon...to a bank near you.....Help to buy 2....the return of the taxpayers subsidy to prop up house prices near you.

[Deleted User]

surely interest rates will have to go up soon?how long can they stay at 0.5%,or for that matter how long can the inflation target stay at 2%?
neither bear much relation to reality

mayonnaise

woodbine wrote: »

surely interest rates will have to go up soon?

There's no inflation, no wage inflation, pray tell why interest rates will have to go up.
So you can earn a bit on your online saver? :rotfl:

chucknorris

mayonnaise wrote: »

There's no inflation, no wage inflation, pray tell why interest rates will have to go up.
So you can earn a bit on your online saver? :rotfl:

Do you remember a few years ago (in fact it is getting to be more than a few years ago), the first Thursday of the month used to be a significant day, as many eagerly awaited news of whether there was going to be a change to the base rate. Nowadays it hardly gets a mention. Even when rates do eventually rise, it will probably take time to get back to where the base rate was, and it wasn't that high to start with either. Probably the most significant event of a rate change will be the sentiment hitting the ftse, rather than a huge impact on mortgage repayments or savings rates.

ruggedtoast

The Tories really only care about their heartlands, that is now basically the South of England other than London.

Cameron offered some bromides about house building in his speech the other day, but they are meaningless. I believe there will be no change to housing policy in the UK. The tenancy reforms, regulation of landlords and protection for tenants that Labour were offering will not now happen.

This should mean that the SE continues for the timebeing as housing gets more stretched and the UK's economy becomes ever more London and Finance-centric.

There is no model for sustainable growth in the Tories economic policy. They want to cut taxes for already rich people, reduce benefits for the poor, slash public services even further, keep shelling out 2/3 of the welfare budget that remains on already affluent pensioners, and close the borders to 'foreigners'.

I personally wouldn't be betting on UK house prices in the long term purely because the UK is likely to become a pretty grim place to live again.

caronoel

woodbine wrote: »

surely interest rates will have to go up soon?how long can they stay at 0.5%,or for that matter how long can the inflation target stay at 2%?
neither bear much relation to reality

I remember folks saying that in 2009, 2010, 2011, etc etc

Rates aren't going to rise for at least a couple of years