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Good news from Nationwide: Annual house price growth gathers momentum

Newnoel
Newnoel Posts: 378 Forumite
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in House buying, renting & selling
Nationwides latest house price report was published this morning:
https://www.nationwide.co.uk/about/house-price-index/headlines

  • Annual price growth picked up to 5.0% in September, the highest rate since Sep 2016
  • Prices rose 0.9% month-on-month, after taking account of seasonal factors
  • Most regions saw a pickup in house price growth rates in Q3
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Comments

  • jimbog
    jimbog Posts: 2,113 Forumite
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    Better suited to this board:
    https://forums.moneysavingexpert.com/categories/debate-house-prices-the-economy

    Gather ye rosebuds while ye may
  • steve866
    steve866 Posts: 528 Forumite
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    Newnoel said:
    Nationwides latest house price report was published this morning:
    https://www.nationwide.co.uk/about/house-price-index/headlines

    • Annual price growth picked up to 5.0% in September, the highest rate since Sep 2016
    • Prices rose 0.9% month-on-month, after taking account of seasonal factors
    • Most regions saw a pickup in house price growth rates in Q3
    Are you a landlord? Just wondering why it is good news. Is it good for the economy in general?
  • Yahoo_Mail
    Yahoo_Mail Posts: 624 Forumite
    First Post Name Dropper
    jimbog said:
    Better suited to this board:
    https://forums.moneysavingexpert.com/categories/debate-house-prices-the-economy

    The one that has been closed since March?
  • NameUnavailable
    NameUnavailable Posts: 2,857 Forumite
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    I expect anyone thinking of selling should take the agents top valuation and add 10% at least! Never been a better time to sell with prices so high and so much demand!
    It's odd that there are so many threads on here from people who can't sell, aren't getting offers or those trying to buy but with mortgage valuations coming way under their agreed prices.
    Something doesn't add up to me........
  • Petriix
    Petriix Posts: 2,047 Forumite
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    Rising house prices aren't particularly good news for most homeowners. It's maybe helpful for some to achieve a better loan to value ratio for a cheaper rate remortgage and I guess if you're downsizing or selling an investment property then you're quids in.

    But, for the majority of us people who just own the house we live in, there is no benefit at all. If you want to upsize then higher prices mean a higher differential. And don't forget the millions of renters who are becoming permanently priced out of home ownership.
  • Sibbers123
    Sibbers123 Posts: 324 Forumite
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    edited 1 October 2020 at 7:02AM
    It’s called a bubble due to SDLT holiday. Any growth in a SDLT holiday period is only temporary. Come March, maybe even January, they will start to come back to pre-Covid levels. 

    It’s always happened when a SDLT holiday has been announced, and always will.
  • Davesnave
    Davesnave Posts: 34,741 Forumite
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    Like the fish I didn't catch on Tuesday, I've learned something.
  • oldbikebloke
    oldbikebloke Posts: 1,096 Forumite
    First Post Name Dropper
    my goodness a whole day has passed on a house price thread without a comment from crashytime, I wonder if (s)he is unwell?
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