Debate House Prices


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Rightmove Feb 2016 +2.9% MOM

TheeMaskedTurnip
TheeMaskedTurnip Posts: 120 Forumite
in Debate House Prices & the Economy
HPC looms chocking on their Frosties this morning as reality hits home hard.

http://www.housepricecrash.co.uk/forum/index.php?/topic/208506-rightmove-feb-29-mom-299k/#entry1102885342

Get the beers in.

:beer: :money: :j
«134

Comments

  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    Is this the 'Aberdeen effect' spreading out over the rest of the country?
    Don't blame me, I voted Remain.
  • westv
    westv Posts: 6,461 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Is the stand out monthly rise 3% in Yorks & Humb? Not the highest for the month but notable I think.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 15 February 2016 at 2:38PM
    Inner London asking prices have gone up 60 grand in a single month.

    That's mental!!

    And no wonder they are having to increase HTB to 40% in London. The typical FTB home has increased by 22% in the last year alone.

    It may well be pure conincience, but looking at the asking prices graphs, they took off as soon as HTB was announced. They were rising before this, but at a much muted pace.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    One day this country will realise we need to build a few million more houses.

    I won't hold my breath that it'll happen any time soon though.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • michaels
    michaels Posts: 29,133 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Asking prices up in spring shock!
    I think....
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Surprised Winter is now classed as Spring shock! ;)
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Graham_Devon wrote: »
    Inner London asking prices have gone up 60 grand in a single month.

    That's mental!!

    The RTB place I could've bought in the nineties just South of Tower Bridge has increased in price 10x since I walked away chuntering about mental London prices.

    The tenant would've paid the mortgage for me too.

    Nothing much shocks me anymore whether it's Londoners being consistently mad for it or February being reclassified as Spring because of global warming.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    the population of london is rising by about 100,000 per annum
    the new building doesn't even keep pace with the new population and so prices will continue to rise

    we need to build more and stop un-necessary growth in demand by stopping immigration.
  • kinger101
    kinger101 Posts: 6,573 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The RM index is pointless. It's based on asking prices. Stick to the Nationwide, Halifax and Land Registry.
    "Real knowledge is to know the extent of one's ignorance" - Confucius
  • TheeMaskedTurnip
    TheeMaskedTurnip Posts: 120 Forumite
    kinger101 wrote: »
    The RM index is pointless. It's based on asking prices. Stick to the Nationwide, Halifax and Land Registry.
    On the contrary, it's a fantastic indicator of sentiment. If sellers are bullish on the housing market they price themselves appropriately.
This discussion has been closed.
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