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December house prices up 1.3%

EdInvestor
EdInvestor Posts: 15,749 Forumite
in House buying, renting & selling
...says the Halifax.Overall rise for 2007 was 5.2%.

http://www.hbosplc.com/economy/includes/08_01_08HousePriceIndexDec2007.pdf
Trying to keep it simple...;)
«13

Comments

  • dolce_vita
    dolce_vita Posts: 1,031 Forumite
    Please refer to stock answer #3 in my sig.
    dolce vita's stock reply templates

    #1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided

    #2. This time next year house prices in general will be lower than they are now

    #3. Cheap houses are a good thing not a bad thing
  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
    EdInvestor wrote: »
    ...says the Halifax.Overall rise for 2007 was 5.2%.

    http://www.hbosplc.com/economy/includes/08_01_08HousePriceIndexDec2007.pdf

    Great! I'll rush out and get myself a property portfolio before I miss the boat then!!

    BTW this info is contadictory to what Nationwide were saying. You cannot trust either of them.
  • gingin_2
    gingin_2 Posts: 2,992 Forumite
    is this asking or selling prices?

    Edit ...seems to be selling prices...

    What a shame for anyone trying to get on the property ladder
  • Charlton_King
    Charlton_King Posts: 2,071 Forumite
    I've been Money Tipped!
    dannyboycey wrote: »
    Great! I'll rush out and get myself a property portfolio before I miss the boat then!!

    BTW this info is contadictory to what Nationwide were saying. You cannot trust either of them.

    And I would tend to take the middle path. Prices have plateaued. Not a great deal seems to be happening either way, as far as I can see.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Interesting but Land Registry figures are the only ones that are particularly meaningful IMO.
  • Rover
    Rover Posts: 323 Forumite
    Asking prices.
    Halifax Rbs, the new top guns!
    Interestingly they have the market leading short term bond aswell - go figure?
    anger, denial, acceptance ;)
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    gingin wrote: »
    is this asking or selling prices?

    Edit ...seems to be selling prices...

    Where does it say that it is the selling prices? I seem to have missed that bit.

    Seems like even The Halifax are predicting a flat housing market in 2008. They seem to have based their prediction on the economy being in good health:eek:
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • m00m00
    m00m00 Posts: 1,755 Forumite
    dead cat bounce
    It's a health benefit ...
  • firsttimetom
    firsttimetom Posts: 298 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Should lower the chane of a rate cut, which is good.

    And I bet it makes BBC news tonight.

    What Is nice though is that the yearly HPI remains at 5.2%. A BTL buying this time last year (and subsequently subsidising his btl mortgage + maintanenace, costs etc) would have been better sticking the money in a savings account.
  • hgllgh
    hgllgh Posts: 169 Forumite
    that may be due to the fact that flats aren't selling, only houses are and probably mostly not for FTB so the the bottom has still fallen out of the market. If only the higher value property is selling then headline average prices go up even if the value of the homes being sold is going down...
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