Surveyors predicting sizeable price increases

padington

Over the next 12 months ....

http://www.theguardian.com/money/2015/aug/13/house-prices-rents-rise-rics-surveyors

Jonbvn

padington wrote: »

Over the next 12 months ....

http://www.theguardian.com/money/2015/aug/13/house-prices-rents-rise-rics-surveyors

You have to be careful with statistics from the Gruaniad because they have yet to acknowledge the existence of anywhere outside a small part of North London as relevant

BobQ

Jonbvn wrote: »

You have to be careful with statistics from the Gruaniad because they have yet to acknowledge the existence of anywhere outside a small part of North London as relevant

Is this some kind of anti-Guardian post or are you really attacking RICS?

The surveyers professional body stated that.....

Rics said its members across the UK agreed the lack of properties for sale was causing a “vicious cycle, as the limited choice on offer is deterring would-be movers and therefore further restricting new instructions”

http://uk.reuters.com/article/2015/08/12/uk-britain-houseprices-rics-idUKKCN0QH2QL20150812

British house prices rose at their fastest rate in a year last month, and a shortage of homes is likely to push prices even higher over the next year, a body representing property valuers said on Thursday.

Maybe you want to have a go at RICS too?

Generali

Jonbvn wrote: »

You have to be careful with statistics from the Gruaniad because they have yet to acknowledge the existence of anywhere outside a small part of North London as relevant

I used to live near there. They once had a Porsche parked out the front with a disabled sticker in the car which I thought was quite cool (assuming it was a genuinely disabled person and not someone faking it).

I quite like the Grauniad. It is quite fun for a bunch of lefties and they are quite, quite bonkers. I liked the one where they decided to spam a bunch of Americans to get them to vote against Bush and for whichever loser the Democrats had put up. Oh that was so funny. Nothing to do with housing though obviously.

Regarding housing, I think you guys are at the start of another Great British Housing Boom/Bubble. I expect to see 2-3% MoM increases in some hell hole like Wigan or Londonderry before 2016 is out (not that I've ever been to Wigan or Londonderry you understand, thank God).

BobQ

FYI Wigan and Derry are both lovely places, full of history and character.

Generali

BobQ wrote: »

FYI Wigan and Derry are both lovely places, full of history and character.

I look forward to visiting them in my planned tour of Northern Hell Holes (I seriously do plan to do a tour of Northern Hell Holes at some point and would definitely include Wigan and many other places too like Blackburn, Hull and Sunderland).

Is Wigan particularly historic? I've never heard of The Battle of Wigan or anything.

Mallotum_X

Nelson in Lancs is a must-visit place for your tour. Possibly even on a day trip from Wigan Pier.

BobQ

Generali wrote: »

I look forward to visiting them in my planned tour of Northern Hell Holes (I seriously do plan to do a tour of Northern Hell Holes at some point and would definitely include Wigan and many other places too like Blackburn, Hull and Sunderland).

Is Wigan particularly historic? I've never heard of The Battle of Wigan or anything.

Formerly the site of Coccium a Roman settlement.
13th century town occupied by the Parliamentarians in the Civil War.
Site of the Battle of Wigan Lane in the Civil War

A Mill Town and a Mining area, an area of industrial history that bred poverty and child labour.

Enjoy!

CLAPTON

BobQ wrote: »

Formerly the site of Coccium a Roman settlement.
13th century town occupied by the Parliamentarians in the Civil War.
Site of the Battle of Wigan Lane in the Civil War

A Mill Town and a Mining area, an area of industrial history that bred poverty and child labour.

Enjoy!

hadn't poverty and child labour already been invented?

MPD

Surveyors say we aren't building enough houses. Would they have something to gain if we built more?

MARTYM8`

Does anyone consider the wider economic impacts.

If no one is moving/people can't afford to move doesn't that rather limit labour market flexibility?

This isn't just an issue for first time buyers - it affects those trading up/down. You can't sell your house if you can't find anywhere to buy - cos nothing is available.

Bar the rising house prices issue - its just also very dysfunctional! Cos no one of course can realise the value of their own house if they can't sell it - cos they can't buy anywhere to live.