House prices UP 1.2% in May

poppysarah

jimc wrote: »

Fancy me forgetting that people would only read the title and forget/be unable to read the words in the post.

I know. Please beat yourself with a rolled up copy of your local property rag!

Huge amountof negative house price stuff out at the moment - but the vested interest mode seems to be currently "property is affordable".

wearside_2

House prices are down.
House prices are up.
House prices are stable.
House prices are set to fall.

It all depends on the newspaper or TV programme that you read or watch. No one knows for sure.

rdpro

Rightmove has a vested interest in finding stats to protect their business.

Remember the tobacco co's 'medical stats' about lung cancer and smoking?

Bf109

dopester wrote: »

: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)

Thats one of the funniest things I have seen for days!

WTF?_2

jimc wrote: »

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.

I find it helps to take the time to give your thread a title that's descriptive of the point you're attempting to make. :rolleyes:

SquatNow

!!!!!!? wrote: »

I find it helps to take the time to give your thread a title that's descriptive of the point you're attempting to make. :rolleyes:

The threads title reflects the way the media have portayed the information... in a totally misrepresentative way.

Asking prices are up due to a rush to sell from lots of amatuer speculators who suddenly realised prices could go down as well as up.

They will have planned to stick it on high first then known some money off for a quick sale. Problem is they have underestimated how much they will have to knock off!

Want a quick sale? Knock 25-30% off last augusts prices. Current prices are already down 6%+ since last august!

oldMcDonald

I am an avid watcher of Property Bee and have a couple of months worth of figures for my area now.

Many houses around my area have put their asking prices up by 5% - 10%, and these houses are showing up on Rightmove, so in my area there is a chance that the asking prices have gone up. However, these asking prices are now offering 5% - 10% depostits paid, so they have probably not changed at all in reality. None of them have sold.

Many asking prices have gone down as well, and of these a couple have sold STC (and more have come back on as available after being STC).

Therefore, it is probable that in May the asking prices in my area have either stagnated or gone up by as much as 5% - 10%, however the sold prices have definitely gone down if I assume that the houses sold went at the amount they had reduced by or less. ( And TBH, I doubt that they went for more than the reduced asking price, however I can't say that for definite until Land Reg etc. are updated!)

thriftybabe

I wonder if anyone gets the Sunday Mail. They have a pull out portion and there is usually a feature about buying a house abroad - mainly Florida. You see a picture of the lovely couple and children who say it is the best thing that they have ever done. The rentals cover the costs etc, house prices rising. My OH stare in disbelief as we have had a house in Florida and know that is just not the case. Property has crashed there in the last 2 years and they are still showing features about this. In addition the rentals are hard to come by and hardly cover the costs. We were in a great position as we bought our property for £150k and only had a £60k mortgage. We had not bad rentals however if we had the full £150k there is no way we would have covered the rentals.

The papers are full of telling us what they want us to believe and with regards to house prices I do not believe anything they say except for what I see myself.

Unfortunately lots of people do believe everything in the papers and are still thinking everything is okay!