House price growth picks up as 2015 draws to a close.

mayonnaise

Last HPI report of the year and it's a happy one.
Nationwide December 2015 +0.8% MoM, +4.5% YoY.

UK house prices increased by 0.8% in December, with the annual pace of house price growth picking up to 4.5%, from 3.7% in November.

This is broadly in line with earnings growth and close to the pace we would expect to prevail over the longer term.

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Dec-Q4-2015.pdf

Moderate HPI in line with earnings growth. I'm sure we can all be happy with this.


Happy New Year!

westv

Interesting (well I thought it was anyway) to note that in the latest LR figures released today Yorkshire and Humber region figures are +1.3% 12 months/-0.9% month but with Hull +5.6% 12 months/+0.4% for month.

thequant

mayonnaise wrote: »

Last HPI report of the year and it's a happy one.
Nationwide December 2015 +0.8% MoM, +4.5% YoY.

Happy New Year!

12.2% in London, a very Happy New Year indeed!!

padington

With more predictions that the south east will continue to rise next year ....

http://www.bloomberg.com/news/articles/2015-12-22/cheap-money-to-boost-u-k-house-prices-6-in-2016-rics-predicts

Mistermeaner

Why is rising house prices good? Surely only for those who want to sell and not buy and what portion of the population is that?

michaels

Looks like the pre-election blip was just that and come June will have dropped out of the figures and we will be back to close to double digit price growth. Not good for the economy but only to be expected with the number of employed increasing much more rapidly than the housing stock.

westernpromise

Mistermeaner wrote: »

Why is rising house prices good? Surely only for those who want to sell and not buy and what portion of the population is that?

Rising prices are generally good for

people who want to move, because the rise funds the move and makes it easier;
people who want to remortgage and who can access better deals with a lower LTV;
recent FTBs;
investors.

Rising prices are bad for

crashtrolls;
those who have speculatively shorted property, or who rent in Aberdeen;
aspiring FTBs who aren't prepared to compromise on space and / or location;

The first set is numerically larger than the second, I would think.

Mistermeaner

westernpromise wrote: »

Rising prices are generally good for

people who want to move, because the rise funds the move and makes it easier;

But the house they are buying will also be more expensive



people who want to remortgage and who can access better deals with a lower LTV;

Ok



recent FTBs;

How do they benefit?




investors.

Not for those who are looking to invest and also only relevant if selling.

padington

is

Mistermeaner wrote: »

Why is rising house prices good? Surely only for those who want to sell and not buy and what portion of the population is that?

I want to sell and buy overseas, so I really need prices to go up here to keep up with HPI craziness going on in Canada right now.

Toronto here I come

(all thanks to Wood Green being a property gold mine)

TheeMaskedTurnip

Good to see we are all ending a fabulous year with a bang. Here's to more growth and prosperity for all next year.

tkane

westernpromise wrote: »

Rising prices are generally good for

people who want to move, because the rise funds the move and makes it easier;
people who want to remortgage and who can access better deals with a lower LTV;
recent FTBs;
investors.

Rising prices are bad for

crashtrolls;
those who have speculatively shorted property, or who rent in Aberdeen;
aspiring FTBs who aren't prepared to compromise on space and / or location;

The first set is numerically larger than the second, I would think.

Rising houses prices are also good because it gives consumers the confidence to spend, and 70% of our economy is built on us spending.

It also cheapens debt over time, benefits both the homeowner and the government.

If you are intending to set up a business, you can use the equity in your house as security to get a business loan.

You can MEW to gift your children a deposit.

Etc etc.