Debate House Prices


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House prices will recover this year

House prices are falling on a monthly basis but the Special Liquidity Regime, announced today by the Bank of England, will bring the market back to normal by September, according to Assetz.

http://www.ifaonline.co.uk/public/showPage.html?page=ifa2006_articleimport&tempPageName=790089

I'll have some of what they've been drinking!

:rotfl: :rotfl: :rotfl: :rotfl: :rotfl:
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Comments

  • Its just been reported that a pig flew over the moon
  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
    They could be correct! Although I suspect their definition of 'normal' may differ to mine.
  • Good to see that the BoE's intervention in the market is starting to take effect.

    Although I think it might be wishful thinking to hope for a price recovery this year. I would have thought that prices would remain flat for the rest of the year, and would hope to see house price inflation pick up in the new year.

    A good time to buy now - if only I had the cash !!
  • gussie
    gussie Posts: 62 Forumite
    ... I would have thought that prices would remain flat for the rest of the year, and would hope to see house price inflation pick up in the new year ... A good time to buy now - if only I had the cash !! ...

    Oh dear - another dreamer :rotfl::rotfl::rotfl::rotfl:
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Good to see that the BoE's intervention in the market is starting to take effect.

    Although I think it might be wishful thinking to hope for a price recovery this year. I would have thought that prices would remain flat for the rest of the year, and would hope to see house price inflation pick up in the new year.

    A good time to buy now - if only I had the cash !!

    The BoE's intervention may keep the market flat (after approx 10% drop depending on your region) but I dont think we will see any HPI for a good number of years.
  • Good to see that the BoE's intervention in the market is starting to take effect.

    Although I think it might be wishful thinking to hope for a price recovery this year. I would have thought that prices would remain flat for the rest of the year, and would hope to see house price inflation pick up in the new year.

    A good time to buy now - if only I had the cash !!


    Yep, in the few hours since it was officially announced I've seen stuff thats been on the market flying off the shelves....

    ... and colliding with the oncoming pigs mentioned above!

    I'd advise maybe a little more research into the BoE's "rescue" of the housing market. I think you may actually find that it has been put in place to stop the banks going under, something which would affect us all rather negatively, and Mervyn King is quite aware of the need for house prices to readjust to bring them within reasonable affordability criteria again.

    IMO Assetz should be investigated for peddling their 'investment' advice - its my guess that Mr Law may be up to his neck in BTL mortgages and is possibly trying like mad to convince people to start buying again. I find him and his company rather sad and pathetic to be honest...
  • m00m00
    m00m00 Posts: 1,755 Forumite
    it's Assetz

    they are 'special'
    It's a health benefit ...
  • ianmr65
    ianmr65 Posts: 596 Forumite
    Dan: wrote: »
    The BoE's intervention make keep the market flat (after approx 10% drop depending on your region) but I dont think we will see any HPI for a good number of years.

    Th Boe intervention, is as has been said, designed to stop banks failing. Not to boost the housing market. They have priced a 22% drop in the value of mortgage assets, as the price.

    This implies that the BoE expect a 22% drop in house prices.
    Coupled with the IMF's 27% and the 75% LTV risk pricing, and i'd say all the evidence is pointing to somewhere around 25% drop in house prices.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ianmr65 wrote: »
    Th Boe intervention, is as has been said, designed to stop banks failing. Not to boost the housing market. .
    Agreed.
    ianmr65 wrote: »
    This implies that the BoE expect a 22% drop in house prices.
    Coupled with the IMF's 27% and the 75% LTV risk pricing, and i'd say all the evidence is pointing to somewhere around 25% drop in house prices.

    BoE have factored this in as worst case scenario. Can't see more then 10% myself but you never know.
  • BobProperty
    BobProperty Posts: 3,245 Forumite
    1,000 Posts Combo Breaker
    From the same website as the OP link:
    http://www.ifaonline.co.uk/public/showPage.html?page=ifa2006_articleimport&tempPageName=790119
    Abbey cuts BTL products to 1.

    Sucker Rally anyone?
    A house isn't a home without a cat.
    Those are my principles. If you don't like them, I have others.
    I have writer's block - I can't begin to tell you about it.
    You told me again you preferred handsome men but for me you would make an exception.
    It's a recession when your neighbour loses his job; it's a depression when you lose yours.
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