How far will house prices fall [volume 4]
Discussion
"A third of postcodes saw property prices fall in three months to November, and a quarter of the capital’s post codes areas are now experiencing falling prices — up from about 5 per cent in May, according to a study for the Financial Times by the data company Hometrack."
"The area with the strongest house price growth in the country is Milton Keynes, according to Hometrack. Aldershot, Stanwell — just south of Heathrow airport — and Roydon, near Harlow in Essex are also booming. But former boom towns like Aberdeen, Lakenheath near Cambridge, Redland in Bristol and Caversham in Reading have all been hit by a slowdown. In London, the worst-affected areas are Wandsworth, Lambeth, Southwark and Lewisham."
"The new figures come after forecasters said house price growth would slow next year as tighter mortgage rules and stagnant wages continue to bite in much of the country."
http://www.dailymail.co.uk/news/article-2883451/Ho...
"The area with the strongest house price growth in the country is Milton Keynes, according to Hometrack. Aldershot, Stanwell — just south of Heathrow airport — and Roydon, near Harlow in Essex are also booming. But former boom towns like Aberdeen, Lakenheath near Cambridge, Redland in Bristol and Caversham in Reading have all been hit by a slowdown. In London, the worst-affected areas are Wandsworth, Lambeth, Southwark and Lewisham."
"The new figures come after forecasters said house price growth would slow next year as tighter mortgage rules and stagnant wages continue to bite in much of the country."
http://www.dailymail.co.uk/news/article-2883451/Ho...
turbobloke said:
"A third of postcodes saw property prices fall in three months to November, and a quarter of the capital’s post codes areas are now experiencing falling prices — up from about 5 per cent in May, according to a study for the Financial Times by the data company Hometrack."
"The area with the strongest house price growth in the country is Milton Keynes, according to Hometrack. Aldershot, Stanwell — just south of Heathrow airport — and Roydon, near Harlow in Essex are also booming. But former boom towns like Aberdeen, Lakenheath near Cambridge, Redland in Bristol and Caversham in Reading have all been hit by a slowdown. In London, the worst-affected areas are Wandsworth, Lambeth, Southwark and Lewisham."
"The new figures come after forecasters said house price growth would slow next year as tighter mortgage rules and stagnant wages continue to bite in much of the country."
http://www.dailymail.co.uk/news/article-2883451/Ho...
Lakenheath! The only things that will ever boom in Lakenheath are the F15s and if things go really bad, Putin's artificial sun. The only reason prices will have risen massively there is because they were so depressed in the first place."The area with the strongest house price growth in the country is Milton Keynes, according to Hometrack. Aldershot, Stanwell — just south of Heathrow airport — and Roydon, near Harlow in Essex are also booming. But former boom towns like Aberdeen, Lakenheath near Cambridge, Redland in Bristol and Caversham in Reading have all been hit by a slowdown. In London, the worst-affected areas are Wandsworth, Lambeth, Southwark and Lewisham."
"The new figures come after forecasters said house price growth would slow next year as tighter mortgage rules and stagnant wages continue to bite in much of the country."
http://www.dailymail.co.uk/news/article-2883451/Ho...
turbobloke said:
"A third of postcodes saw property prices fall in three months to November, and a quarter of the capital’s post codes areas are now experiencing falling prices — up from about 5 per cent in May, according to a study for the Financial Times by the data company Hometrack."
"The area with the strongest house price growth in the country is Milton Keynes, according to Hometrack. Aldershot, Stanwell — just south of Heathrow airport — and Roydon, near Harlow in Essex are also booming. But former boom towns like Aberdeen, Lakenheath near Cambridge, Redland in Bristol and Caversham in Reading have all been hit by a slowdown. In London, the worst-affected areas are Wandsworth, Lambeth, Southwark and Lewisham."
"The new figures come after forecasters said house price growth would slow next year as tighter mortgage rules and stagnant wages continue to bite in much of the country."
http://www.dailymail.co.uk/news/article-2883451/Ho...
So two thirds of postcodes saw prices rise? And three quarters of the capitals post code areas rose? Plus you get rent too?"The area with the strongest house price growth in the country is Milton Keynes, according to Hometrack. Aldershot, Stanwell — just south of Heathrow airport — and Roydon, near Harlow in Essex are also booming. But former boom towns like Aberdeen, Lakenheath near Cambridge, Redland in Bristol and Caversham in Reading have all been hit by a slowdown. In London, the worst-affected areas are Wandsworth, Lambeth, Southwark and Lewisham."
"The new figures come after forecasters said house price growth would slow next year as tighter mortgage rules and stagnant wages continue to bite in much of the country."
http://www.dailymail.co.uk/news/article-2883451/Ho...
I'm in!
jonah35 said:
turbobloke said:
"A third of postcodes saw property prices fall in three months to November, and a quarter of the capital’s post codes areas are now experiencing falling prices — up from about 5 per cent in May, according to a study for the Financial Times by the data company Hometrack."
"The area with the strongest house price growth in the country is Milton Keynes, according to Hometrack. Aldershot, Stanwell — just south of Heathrow airport — and Roydon, near Harlow in Essex are also booming. But former boom towns like Aberdeen, Lakenheath near Cambridge, Redland in Bristol and Caversham in Reading have all been hit by a slowdown. In London, the worst-affected areas are Wandsworth, Lambeth, Southwark and Lewisham."
"The new figures come after forecasters said house price growth would slow next year as tighter mortgage rules and stagnant wages continue to bite in much of the country."
http://www.dailymail.co.uk/news/article-2883451/Ho...
So two thirds of postcodes saw prices rise? And three quarters of the capitals post code areas rose? Plus you get rent too?"The area with the strongest house price growth in the country is Milton Keynes, according to Hometrack. Aldershot, Stanwell — just south of Heathrow airport — and Roydon, near Harlow in Essex are also booming. But former boom towns like Aberdeen, Lakenheath near Cambridge, Redland in Bristol and Caversham in Reading have all been hit by a slowdown. In London, the worst-affected areas are Wandsworth, Lambeth, Southwark and Lewisham."
"The new figures come after forecasters said house price growth would slow next year as tighter mortgage rules and stagnant wages continue to bite in much of the country."
http://www.dailymail.co.uk/news/article-2883451/Ho...
I'm in!
The Daily Mail has been playing snakes and ladders this Christmas using Halifax data.
http://www.dailymail.co.uk/news/article-2888340/Be...
http://www.dailymail.co.uk/news/article-2888340/Be...
gibbon said:
Mr Whippy said:
They did want to crash, but low interest rates allowed high prices to be maintained by protecting bad debtors, and also allowed higher borrowing to sustain house purchases because interest payments were lower.
For anyone who hasn't worked away at their credit in the meantime, or just borrowed more because they could, just leaves us back where we were in 2007... with the market bubbly and wanting to correct.
The question is, how much will government want to protect people *this* time. Maybe this time there is no more protecting because there is no where to go now.
Interesting times whatever happens!
Why do people constantly talk about the base rate as if its sole purpose is for the control of property prices.For anyone who hasn't worked away at their credit in the meantime, or just borrowed more because they could, just leaves us back where we were in 2007... with the market bubbly and wanting to correct.
The question is, how much will government want to protect people *this* time. Maybe this time there is no more protecting because there is no where to go now.
Interesting times whatever happens!
The financial crash was not due to house prices wobbling, the wobble in prices was due to the crash. Low interest rates arnt to stimulate house price growth, its to stimulate the economy. The base rate is meant to be a tool to control inflation and growth in the economy.
Causes and effects are so often confused with this stuff, house prices are not the primary economic concern of the government however they seem to be the primary concern of the uk home owning public.
Dave
Looks like they are going to rise 4% this year then;
http://www.bbc.co.uk/news/business-30422517
Election etc depending...
http://www.bbc.co.uk/news/business-30422517
Election etc depending...
okgo said:
be interested to see a chart like that one for London perdictions, i.e. what they said, and what happened...I see London was 17% year on year as a whole, yet my borough was nearly 24% according to another course...
most of the agents do them in their research documents. They love to hawk out the "year on year" changes, but thats not the real story, as in realist we had a big rise first 7 months of last year, then f
k all since then. The market in london is flat
I'm intrigued by the numbers posted up by the Mail newspaper regarding the 'fall' in house prices. When is a 'correction' called a fall? Fall from what, an over inflated number perhaps. Why did the house prices rise before the correction. Why can't these headline stories show a longer term period when writing up stories such as this.
crankedup said:
I'm intrigued by the numbers posted up by the Mail newspaper regarding the 'fall' in house prices. When is a 'correction' called a fall? Fall from what, an over inflated number perhaps. Why did the house prices rise before the correction. Why can't these headline stories show a longer term period when writing up stories such as this.
that doesn't sell papers
http://www.independent.co.uk/voices/comment/until-...
Calls for rent control now. Won't ever happen.
Don't think people will understand that if rents fall, demand will increase and a lot of people just won't be able to get anything anywhere as a result. It will all just become a lottery.
Calls for rent control now. Won't ever happen.
Don't think people will understand that if rents fall, demand will increase and a lot of people just won't be able to get anything anywhere as a result. It will all just become a lottery.
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