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Asking prices up 3% in a month according to June rightmove report ...
padington
Posts: 3,121 Forumite
http://www.rightmove.co.uk/news/articles/property-news/prices-surge-to-new-record-as-buyers-act-but-sellers-hold-back
The crashists could never have been so wrong.
The crashists could never have been so wrong.
Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
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An annualised increase in prices of well over 40%. What could possibly go wrong?0
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An annualised increase in prices of well over 40%. What could possibly go wrong?
It will all get tempered in 2016 by interest rates.
I think the only issue at play is the gap between the rich and poor. My traditionally middle of the road friend said last night ' the bankers can f*ck off out of the county as far as I care, any tax they make for us is lost by them ramping the price up of our family homes '.
It's the political backlash that's going to get nasty if you ask me.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
It will all get tempered in 2016 by interest rates.
I think the only issue at play is the gap between the rich and poor. My traditionally middle of the road friend said last night ' the bankers can f*ck off out of the county as far as I care, any tax they make for us is lost by them ramping the price up of our family homes '.
It's the political backlash that's going to get nasty if you ask me.
How do bankers increase house prices?Faith, hope, charity, these three; but the greatest of these is charity.0 -
How do bankers increase house prices?
It can't be the boomers fault every week. Personally I blame the submarine mariners, after all, it can't possibly be my fault that I don't live in my own mansion.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 stop0 -
How do bankers increase house prices?
Buying properties up for a life size game of monopoly :rotfl:
Home.co.uk has monthly Asking Price Index, so say something similar. Though they don't say 40%, or is that claim region specific?
Strange thing is May 2014 they were harping on about a London Bubblewww.home.co.uk wrote:Overall, the current mix-adjusted average asking price for England and Wales is 5.9% higher than it was in June 2014 and we expect further price rises this year
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http://www.rightmove.co.uk/news/articles/property-news/prices-surge-to-new-record-as-buyers-act-but-sellers-hold-back
The crashists could never have been so wrong.
I wonder if asking price increases are more closely correlated with increased selling prices or the difference between original asking price and selling price?I think....0 -
wow! 3%...Don't blame me, I voted Remain.0
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There will ineviatably be some uptick in asking prices as a result of the huge sigh of relief at the election results.
It may be 3% asking price increase this specific month, but I'd predict both asking and achieved prices will be up 5-10% over 2015 as a whole.0 -
There will ineviatably be some uptick in asking prices as a result of the huge sigh of relief at the election results.
It may be 3% asking price increase this specific month, but I'd predict both asking and achieved prices will be up 5-10% over 2015 as a whole.
It is month specific, uncertainty of who would win the election had a dampening effect that has now been released, though expect much lower rise next month
from http://www.rightmove.co.uk/news/articles/property-news/may-property-trends-infographic-20 -
It is month specific, uncertainty of who would win the election had a dampening effect that has now been released, though expect much lower rise next month
Yes, I'd agree with that analysis.
Now that Labour's threat of a so-called mansion tax has been rejected by the electorate, we would expect a temporary blip up on asking prices and perhaps a more muted rise for the rest of the year.0
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