Houseprices Continue to Rise in February

Lotus-eater

mystic_trev wrote: »

and the Express!

http://www.express.co.uk/posts/view/35273/House-prices-hit-new-high

Thou mustest be having a jest :rotfl:

Stuart Law, chief executive of property investment firm Assetz, said: “Confidence is returning to the market. This latest rise in prices, combined with February’s interest rate cut, should fuel further optimism among both buyers and sellers.

“I expect to see further house price rises this spring, but the Bank of England can’t afford to take its foot off the pedal.

“We need to see further rate cuts to ensure this home buyer confidence in maintained.” David Austin, of housing consultancy Property For Life, agreed. He said: “Confidence in the market is certainly up following the two recent interest rate cuts, and as the financial pressure begins to lift we are expecting market activity to pick up again.


Yaaaay more house price rises

codger

mystic_trev wrote: »

and the Express!



http://www.express. s-hit-new-high

Great link, Trev. Sums up the Direly Express precisely. . .

PasturesNew

I've been watching RM for the whole of February using property bee across many, many areas the length and breadth of the West of England/Wales.

Overall, I have seen about 5% of properties are asking about 5% less during February. I have seen about 0.5% asking about 1-2% more.

What I HAVE noticed is lots of high value new build flats flooding onto the marketplace. I suspect these will have skewed the figures.

codger

Lotus-eater wrote: »

Thou mustest be having a jest :rotfl:

Stuart Law, chief executive of property investment firm Assetz, said: “Confidence is returning to the market. This latest rise in prices, combined with February’s interest rate cut, should fuel further optimism among both buyers and sellers.

“I expect to see further house price rises this spring"

Wow! Stuart Law though!

The property 'expert' recommending canny UK buyers to chuck money into, er, Bulgaria. And Cape Verde -- so far beyond the reach of any budget airline that more new-build property there is occupied by, um, construction workers building the new buildings than anyone else. . .

Still. Mr Law's website is helpful: 'First time buyers who want to get on the housing ladder should go to auctions now and buy repossessed properties at 35% off."

Well of course they should. Repossessions are increasing, more and more property will be going cheap, and this is a clear sign of confidence returning to the market.

I wish I could get ahold of whatever it is Mr Law is on.

mike_the_bike_2

codger wrote: »

I wish I could get ahold of whatever it is Mr Law is on.

About £750 per article I suspect