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Good news from Nationwide: Annual house price growth gathers momentum
Newnoel
Posts: 378 Forumite
Nationwides latest house price report was published this morning:
https://www.nationwide.co.uk/about/house-price-index/headlines
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
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It's just news! Not good news for everyone.9
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...I would have thought that was bad news for the majority?
.."It's everybody's fault but mine...."7 -
Better suited to this board:
https://forums.moneysavingexpert.com/categories/debate-house-prices-the-economy
Gather ye rosebuds while ye may1 -
Are you a landlord? Just wondering why it is good news. Is it good for the economy in general?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
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The one that has been closed since March?jimbog said:Better suited to this board:
https://forums.moneysavingexpert.com/categories/debate-house-prices-the-economy4 -
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........1
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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.2 -
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.0
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Like the fish I didn't catch on Tuesday, I've learned something.
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my goodness a whole day has passed on a house price thread without a comment from crashytime, I wonder if (s)he is unwell?1
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