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Re: Winter Fuel Payment
Originally Posted by Lynn R
(Post 10906985)
According to the latest UK House Price Index figures, prices fell in July in Wales, Scotland, the North West and the North East:-
http://www.landregistry.gov.uk/media...-land-registry When I was back in the UK in June, I noticed that my father's old house was back on the market, at an asking price 23% less than we sold it for in November 2007. According to the Land Registry records it hasn't yet been sold. Prices in my old postcode (in a different area of the North West) have also fallen over 20% since we sold in November 2006. Most of the up to date reports I've seen in the last couple of days show recent increases near enough right across the board. |
Re: Winter Fuel Payment
Originally Posted by Dick Dasterdly
(Post 10907000)
I think you're way out of touch Lyn.
Most of the up to date reports I've seen in the last couple of days show recent increases near enough right across the board. |
Re: Winter Fuel Payment
The latest and most up to date figures and estimates come from estate agents.
The fear now is of too great of a rise. http://www.digitaljournal.com/article/358436 "A leading estate agent has tripled its forecast for house price rises in 2013, stoking fears of a destabilising house price bubble. Online estate agent Rightmove has raised its 2013 house price forecast for the third time this year to more than double the rate of inflation. The chain expects the average property price to increase by 6% this year, up from the 4% it predicted just two months ago. At the start of the year it predicted prices would rise by 2%. On Wednesday the Bank of England's financial policy committee will meet to discuss the possibility of a property bubble, and what remedial measures can be taken." |
Re: Winter Fuel Payment
Originally Posted by Dick Dasterdly
(Post 10907029)
The latest and most up to date figures and estimates come from estate agents.
The fear now is of too great of a rise. http://www.digitaljournal.com/article/358436 "A leading estate agent has tripled its forecast for house price rises in 2013, stoking fears of a destabilising house price bubble. Online estate agent Rightmove has raised its 2013 house price forecast for the third time this year to more than double the rate of inflation. The chain expects the average property price to increase by 6% this year, up from the 4% it predicted just two months ago. At the start of the year it predicted prices would rise by 2%. On Wednesday the Bank of England's financial policy committee will meet to discuss the possibility of a property bubble, and what remedial measures can be taken." Only last week Mark Carney was saying to a Treasury Committee that house prices across some areas of the UK are still only at two-thirds or three-quarters of their pre-crisis levels:- http://www.bbc.co.uk/news/business-24144844 I think I'd rather believe him than a bunch of estate agents, as well. |
Re: Winter Fuel Payment
Originally Posted by Lynn R
(Post 10907057)
Well, if you think "estimates" from estate agents are more reliable than Land Registry figures of what properties have actually sold for, that's up to you.
Only last week Mark Carney was saying to a Treasury Committee that house prices across some areas of the UK are still only at two-thirds or three-quarters of their pre-crisis levels:- http://www.bbc.co.uk/news/business-24144844 I think I'd rather believe him than a bunch of estate agents, as well. The Govt concern over increasing prices and a likely property bubble has been mentioned several times in UK TV news reports in the last few day alone, also the fact that the S.W. and London boom is now spreading throughout the land, though obviously to a lesser degree. |
Re: Winter Fuel Payment
Originally Posted by Dick Dasterdly
(Post 10907073)
You're obviously out of touch with UK news.
The Govt concern over increasing prices and a likely property bubble has been mentioned several times in UK TV news reports in the last few day alone, also the fact that the S.W. and London boom is now spreading throughout the land, though obviously to a lesser degree. http://www.dailymail.co.uk/money/mor...t-country.html |
Re: Winter Fuel Payment
Originally Posted by Lynn R
(Post 10907090)
There is one news item today which claims that prices have actually fallen in some London boroughs over the last 3 years, although in others, particularly Kensington and Chelsea, they have risen so fast they are (their words not mine) skewing the average figures for the whole country.
http://www.dailymail.co.uk/money/mor...t-country.html In contrast, the biggest rise mentioned is a whopping 20% ! Whilst the general trend throughout the land is not following that extreme, it is continuing to rise, hence giving the Govt concern about an upcoming property bubble. |
Re: Winter Fuel Payment
The telegraph, D Mail, Rightmove, why should anyone NOT believe their views!!!!!!
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Re: Winter Fuel Payment
Originally Posted by Lynn R
(Post 10906985)
According to the latest UK House Price Index figures, prices fell in July in Wales, Scotland, the North West and the North East:-
http://www.landregistry.gov.uk/media...-land-registry When I was back in the UK in June, I noticed that my father's old house was back on the market, at an asking price 23% less than we sold it for in November 2007. According to the Land Registry records it hasn't yet been sold. Prices in my old postcode (in a different area of the North West) have also fallen over 20% since we sold in November 2006. |
Re: Winter Fuel Payment
Originally Posted by Dick Dasterdly
(Post 10907073)
You're obviously out of touch with UK news.
The Govt concern over increasing prices and a likely property bubble has been mentioned several times in UK TV news reports in the last few day alone, also the fact that the S.W. and London boom is now spreading throughout the land, though obviously to a lesser degree. |
Re: Winter Fuel Payment
Obviously, if you take the trouble to think about it a little.
http://www.bbc.co.uk/news/business-23668507 A separate industry survey suggests that home buyer activity is increasing fastest in parts of the UK where prices have been the most depressed. nuff said ? |
Re: Winter Fuel Payment
Just stating fact from news and TV as you mention people being out of touch. I believe myself little of what politicians say.
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Re: Winter Fuel Payment
Some of you can cherry pick all you want about different areas but the fact is that overall the prices are on the up. They are actually selling quickly too.
The most significant property price increases, outside of London, were recorded in the South East (+2.6%), the East Midlands (+2.4%), the South West (+2.1%), and the West Midlands (+2.0%) Rental yields are also rising, 10.7% in some areas:D |
Re: Winter Fuel Payment
Not about cherry picking about where one lives and knowledge of that market.
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Re: Winter Fuel Payment
Originally Posted by bobd22
(Post 10907261)
Not about cherry picking about where one lives and knowledge of that market.
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