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  • FIRST POST
    • Former MSE Helen
    • By Former MSE Helen 28th Jun 12, 8:35 AM
    • 2,324Posts
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    Former MSE Helen
    MSE News: Nationwide: Biggest house price fall in three years
    • #1
    • 28th Jun 12, 8:35 AM
    MSE News: Nationwide: Biggest house price fall in three years 28th Jun 12 at 8:35 AM
    "House prices have recorded the biggest dip in nearly three years amid the "challenging" economy..."

Page 1
    • brit1234
    • By brit1234 28th Jun 12, 8:39 AM
    • 5,191 Posts
    • 11,968 Thanks
    brit1234
    • #2
    • 28th Jun 12, 8:39 AM
    • #2
    • 28th Jun 12, 8:39 AM
    Good news for first time buyers, lets hope this continues. House prices are still very overvalued and should continue to fall like all the other housing bubbles around the world.
    Scams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

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  • Turnbull2000
    • #3
    • 28th Jun 12, 8:43 AM
    • #3
    • 28th Jun 12, 8:43 AM
    Just a hiccup.

    I see a former BoE government has come out and stated UK property is currently a good buy, with prices set to surge thanks to an unprecedented shortage.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
    • brit1234
    • By brit1234 28th Jun 12, 9:05 AM
    • 5,191 Posts
    • 11,968 Thanks
    brit1234
    • #4
    • 28th Jun 12, 9:05 AM
    • #4
    • 28th Jun 12, 9:05 AM
    Just a hiccup.

    I see a former BoE government has come out and stated UK property is currently a good buy, with prices set to surge thanks to an unprecedented shortage.
    Originally posted by Turnbull2000
    That's probably because he has a buy to let portfolio and whats to protect his investment.

    Oh if it is just a hiccup you wouldn't mind interest rates rising to normal levels rather than 0.5% designed to stop the housing bubble crashing.
    Scams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

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    • zerog
    • By zerog 28th Jun 12, 3:01 PM
    • 2,416 Posts
    • 849 Thanks
    zerog
    • #5
    • 28th Jun 12, 3:01 PM
    • #5
    • 28th Jun 12, 3:01 PM
    Excellent news. Let's hope for further falls and soon.
    • DRP
    • By DRP 28th Jun 12, 3:44 PM
    • 3,909 Posts
    • 3,376 Thanks
    DRP
    • #6
    • 28th Jun 12, 3:44 PM
    • #6
    • 28th Jun 12, 3:44 PM


    good news for those (like myself) currently wanting to buy a bigger place and are now more likely to get a better deal
    • HAMISH_MCTAVISH
    • By HAMISH_MCTAVISH 28th Jun 12, 5:57 PM
    • 26,032 Posts
    • 59,325 Thanks
    HAMISH_MCTAVISH
    • #7
    • 28th Jun 12, 5:57 PM
    • #7
    • 28th Jun 12, 5:57 PM
    Annual fall in price = 1.5%

    Average mortgage interest = 3.4%

    Average rent = 5.5%

    Yep, it was still cheaper to buy than rent over the last year.
    • jimjames
    • By jimjames 28th Jun 12, 9:02 PM
    • 13,227 Posts
    • 12,276 Thanks
    jimjames
    • #8
    • 28th Jun 12, 9:02 PM
    • #8
    • 28th Jun 12, 9:02 PM
    Excellent news. Let's hope for further falls and soon.
    Originally posted by zerog
    Looking to buy another soon so definitely want more price drops!
    Remember the saying: if it looks too good to be true it almost certainly is.
    • poppy10
    • By poppy10 28th Jun 12, 9:26 PM
    • 6,164 Posts
    • 7,463 Thanks
    poppy10
    • #9
    • 28th Jun 12, 9:26 PM
    • #9
    • 28th Jun 12, 9:26 PM
    Wonder how many months the will keep milking this stamp duty excuse
  • rickbonar
    I am sure its only temporary, prices will be rocketing soon.
    Originally posted by business_man
    What rocketing downward?

    Maybe the Greece and other EU countries will help and also the housing benefit withdrawn from under 25 year olds too.
    • Lizling
    • By Lizling 29th Jun 12, 8:36 AM
    • 863 Posts
    • 1,675 Thanks
    Lizling
    The article doesn’t mention the figures being inflation adjusted, so with inflation of roughly 4.2% year on year, that makes it about a 5.7% annual fall in real terms. Not bad!
    Saving for deposit: Finished!
    House buying: Finished!
    Next task: Lots and lots of DIY
  • abaxas
    Banks corrupt
    Recession returned.
    Major trading partners insolvent.

    Not sure even Bob Diamond could make this index go positive.
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