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House prices UP 1.2% in May
jimc_2
Posts: 290 Forumite
I'll probably be accused of 'old news' again but I haven't seen this mentioned yet. According to RightMove, asking prices were UP by 1.2% in May but mainly because of southeast optimism ("It ain't raining on us yet").
Interestingly RightMove is also in the news today because one of their founders Halifax/HBOS is sellingup their shares and bailing out.
Talk about a mixed message!
Interestingly RightMove is also in the news today because one of their founders Halifax/HBOS is sellingup their shares and bailing out.
Talk about a mixed message!
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Which may? Last years may or the 2/3 of this may?
And Asking prices can go up. BBC Declan told the whole of the uk this morning that there are 40% less sales too!0 -
Here is Right Move video saying that if sellers don't drop prices they won't sell.
http://www.bloomberg.com/avp/avp.asx...PSZ3zCzuaM.asf:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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poppysarah wrote: »Which may?
Hi Sarah. It's in the link but in case you can't get to it, they're quoting this point in May (ie today) vs last month. The YOY figure is 2.2%.
Peter101 - Yes, I am aware that "I want" doesn't necessarily get. Just reporting news.0 -
A new one one one of my searches is 172k for a 3 bed terrace with no parking and on a godawful bend seems completely and utterly mad to me - and I suspect it'll be on there for a lower price very shortly. They are free to ask as much as they want - but they won't even get viewings at that price.
huge number of price reductions in my area - so they may be starting off higher but they're coming down.0 -
Wrong - ASKING prices were up.
A common and stupid tactic when faced with a falling market that you can't really accept is falling - Jack up your asking price so your 'discount' when you settle for below asking (as is now commonplace) seems generous whilst you hope to continue to pocket what you think your house is worth.
Unfortunately, people trying this on are going to find that would be buyers simply look at other more sensibly priced properties.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Unfortunately, people trying this on are going to find that would be buyers simply look at other more sensibly priced properties.
That and lenders aren't going to on these more expensive properties.:rotfl::exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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I said 'asking prices' and it was in bold. How is that wrong? It was only a news report for people who hadn't seen it, not a rallying call to raise prices.
HPCers are SO sensitive.
The title of your thread is "House prices UP 1.2% in May" :rolleyes:
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Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Oh dear. And all I did was to cut-and-paste the Forbes title
"UK house prices up 1.2 pct in May" and take out the "UK". Such a crime. Fancy me forgetting that people would only read the title and forget/be unable to read the words in the post.0 -
HPCers are SO sensitive.
:rotfl:
We're not really !
http://www.propertyinvestmentproject.co.uk/images/comics/images/ownmindhpc.jpg
http://www.propertyinvestmentproject.co.uk/images/comics/images/rightmovehpc.jpg
(Click cartoon image to expand in size - warning.. a little bad language)0
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