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UK annual house price growth lowest since June 2013
setmefree2
Posts: 9,072 Forumite
http://www.bbc.co.uk/news/business-34071341
UK house prices rose by 3.2% year-on-year in August, according to the latest survey from mortgage provider Nationwide.
That is the weakest annual pace since June 2013, and marks a slight slowdown from July.
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Comments
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Real prices aren't going to be falling as fast (at all?) as inflation has collapsed.
On the other hand, house prices will hit a point sometime when people simply can't afford to buy them.0 -
price will never hit a point where people can't afford them
as price is determined by the balance between supply and demand:
of course prices can fall, rise or stay the same0 -
Real prices aren't going to be falling as fast (at all?) as inflation has collapsed.
On the other hand, house prices will hit a point sometime when people simply can't afford to buy them.
Never underestimate the UK's ability to produce small expensive, cruddy starter houses, that are just within reach of two 35 year adults on a 35 year mortgage with a BOMAD deposit, in just enough numbers to keep the market going.
In ten years time I fear a "home" will be defined as leasehold on a packing crate.0 -
Good news.
HPI in line with wage inflation.
No bubble then.Don't blame me, I voted Remain.0 -
mayonnaise wrote: »Good news.
HPI in line with inflation.
No bubble then.
Expect further falls in rate of increase then ?0 -
Thrugelmir wrote: »Expect further falls in rate of increase then ?
hopefully see actual falls in house prices0 -
Apologies, I meant wage inflation.Thrugelmir wrote: »Expect further falls in rate of increase then ?Don't blame me, I voted Remain.0 -
You wonder how sustainable this all is.0
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Here's a seemingly simple question which, hopefully, someone wiser than me can answer... Why, when all the stats for my area indicate that property prices are still approximately 15% below peak prices of 2007/8 is it that every property currently up for sale in this area has an asking price at least the same and usually higher than 2007/8 values?0
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You wonder how sustainable this all is.
Seems as if it isn't.Property sales down 15%, but prices up, says Land Registry
http://www.bbc.co.uk/news/business-34085149
Location, location, location, location, location......0
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