Rightmove.. up yet another 2.8% MOM

triathlon

It just gets worse for the doomsters :rotfl:

padington

triathlon wrote: »

It just gets worse for the doomsters :rotfl:

Still got spring budget yet, anything could happen tax wise.

triathlon

And just for the record reporting endless good news on the housing market does not make you an "uber bull" you usual suspects, it seems that the only news out there is good news

Rich2808

As always interesting data from Rightmove - which as we know goes up and down more often than a ********* (sorry too rude to say on here)!

There are as ever wide ranges by region and by London borough - so it may or may not be good news for the majority of people who aren't buying or selling 'the average UK house in the average UK area costing exactly £306,810'. This is more than 30% higher than the latest average UK selling price recorded by the Land Registry - but as the saying goes asking isn't always getting!

Apparently prices in Scotland and Wales are down month on month and unchanged in Yorkshire and Humber. Prices in most of London's most expensive boroughs are down by up to 3.7% (Richmond, Camden and Kensington) but oddly by contrast Westminster is marginally up. By contrast East Anglia and the West Midlands are showing strong rises.

But if you live in Norfolk and Suffolk and own a home - well done as on paper according to rightmove you are 2.7% wealthier than before Christmas (assuming you own an average house)!

BethJones

there is good news ..

triathlon

Rich2808 wrote: »

As always interesting data from Rightmove - which as we know goes up and down more often than a ********* (sorry too rude to say on here)!

There are as ever wide ranges by region and by London borough - so it may or may not be good news for the majority of people who aren't buying or selling 'the average UK house in the average UK area costing exactly £306,810'. This is more than 30% higher than the latest average UK selling price recorded by the Land Registry - but as the saying goes asking isn't always getting!

Apparently prices in Scotland and Wales are down month on month and unchanged in Yorkshire and Humber. Prices in most of London's most expensive boroughs are down by up to 3.7% (Richmond, Camden and Kensington) but oddly by contrast Westminster is marginally up. By contrast East Anglia and the West Midlands are showing strong rises.

But if you live in Norfolk and Suffolk and own a home - well done as on paper according to rightmove you are 2.7% wealthier than before Christmas (assuming you own an average house)!

I am becoming a little concerned that we could be heading for another mini housing boom post Boris election win, this will serve nobody well. What we need now is stability, flat or inflationary rises will be just fine.

NoelC

Our old chum, the CON, is absolutely spitting feathers...


https://www.housepricecrash.co.uk/forum/index.php?/topic/235689-uk-house-prices-rise-at-fastest-rate-on-record/

MobileSaver

Rightmove.. up yet another 2.8% MOM

The headline "up 2.3%" is a nonsense and completely meaningless; a few kite-flying multi-million pound properties could probably acheive that.

However the details in the report are much more compelling:

• buyer enquiries up 15% compared to same period a year ago
• 7.4% growth in number of sales agreed

As the report notes, and many here said would happen, pent up demand from the uncertainty of Brexit has now been released and this "Brexit Bounce" is of no surprise. What will be more interesting is whether the growth continues over the next few months or whether the realities of Brexit cause prices and transactions to flatline.

mayonnaise

NoelC wrote: »

Our old chum, the CON, is absolutely spitting feathers...


https://www.housepricecrash.co.uk/forum/index.php?/topic/235689-uk-house-prices-rise-at-fastest-rate-on-record/

Didn't he buy a chateau in France with heated pools and private airstrip some years ago?

fewcloudy

triathlon wrote: »

And just for the record reporting endless good news on the housing market does not make you an "uber bear"

Should read...

"And just for the record endlessly reporting good news on the housing market etc".

Subtle difference. But one which unfortunately has the effect of making you seem really really boring, not an "uber bear" at all.

triathlon

NoelC wrote: »

Our old chum, the CON, is absolutely spitting feathers...


https://www.housepricecrash.co.uk/forum/index.php?/topic/235689-uk-house-prices-rise-at-fastest-rate-on-record/

He is not the worst by far, Bruce springs to mind for that role, the man who is an "authority" on just about every subject and has been right about nothing, Brexit is his new passion