Shocking House Price Increases

00ec25

Margot123 wrote: »

Is this happening all over the country?

there are loads of places you can find statistical info on house price movements by region in the UK, have you looked at any of them?

the starting point might well be the Office for National Statistics' own info?
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/jan2017
and also the Land Registry's data since they are the ones who record actual sold prices and so are authoritative:
http://landregistry.data.gov.uk/app/ukhpi

then there are the ones that journalists frequency refer to, Nationwide Building Society http://www.nationwide.co.uk/about/house-price-index/headlines

alternatively you could go by random guesses from random strangers on the internet, including some whose agenda is hardly based in reality, more in the world of green eyed envy due to their own mistakes in life

00ec25

DaftyDuck wrote: »

Crashy will return to the underworld, to be called again at a later date.

sadly oh so true

NaughtiusMaximus

Margot123 wrote: »

We are in the Midlands, and looking to move house. After comparing sale prices from a year ago, they seem to have increased by about 25%. Is this happening all over the country?

Can't say I've noticed particularly, where in the Midlands are you looking?

We're looking for properties of around the 170-200k mark in the southern half of Birmingham and the Black Country. For these I'd say prices are higher than a year ago but not massively so, no more than 5% IMO.

phoebe1989seb

We're also in the West Midlands (moved here nearly three years ago from southern England). There have definitely been price increases (sold properties) over the past year - but not 25% in our area - and realistically-priced properties seem to be shifting quicker than they were one/two years ago, although there are still those overpriced ones that have been languishing for several years

Looking to buy in south west Wales where some properties are selling like hot cakes, often going sstc within one/two weeks of marketing. Having been following the market in that location for a year plus, there are price rises, but probably of about 5-10% on average, imho.

sammyjammy

juniordoc wrote: »

Things pretty flat here in Bristol over the 9-12 months, wondering now what effect a rise in interest rates will do over the next 6 months

Nothing.

Prices here in Sheffield are up about 25% as well, not even sure if its just pockets but everything on my street is sold subject to contract within a day of the board going up. It has no impact on me but its interesting to watch.

A delapidated house opposite went for auction a few weeks ago for guide 90-100k, it sold for £138k, I can't work out if it was an inexperienced bidder or if its someone that really thinks they can make a profit after spending around £30k to bring it up to standard, only time will tell.

sevenhills

00ec25 wrote: »

the starting point might well be the Office for National Statistics' own info?
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/jan2017
and also the Land Registry's data since they are the ones who record actual sold prices and so are authoritative:
http://landregistry.data.gov.uk/app/ukhpi

then there are the ones that journalists frequency refer to, Nationwide Building Society http://www.nationwide.co.uk/about/house-price-index/headlines

alternatively you could go by random guesses from random strangers on the internet, including some whose agenda is hardly based in reality, more in the world of green eyed envy due to their own mistakes in life

Not easy to get up to date, local information.

harrys_dad

sevenhills wrote: »

Not easy to get up to date, local information.

Well a generalised question on a forum like this won't help with that either.

Piggywinkle

An estate agent told us the other day that the price rises in the North and the Midlands is a result of people starting to invest before HS2 is in place. But then I don't trust anything an estate agent says so I'm not sure what to think!

Thrugelmir

Piggywinkle wrote: »

An estate agent told us the other day that the price rises in the North and the Midlands is a result of people starting to invest before HS2 is in place. But then I don't trust anything an estate agent says so I'm not sure what to think!

Buying early is where the real speculators make their money. I remember the days when north of Streatham was a no go area in the evenings.......

Rambosmum

Lauralou79 wrote: »

My part of greater Manchester seems very active and house prices In some areas of the market seem to have risen. Houses ( including the one we bought) are sstc within days.

Same in my part of Manchester - the one we left and the ones we were looking to move to. Very fast moving, houses going up in price by the week and off the market in days.