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Rightmove Asking Price Index Out Tomorrow (Mon)


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#1 mrpleasant

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Posted 19 February 2012 - 06:32 PM

Mortgage broker friend (South East) complains Feb has been his worst month EVER - £zer0. Any panic to beat the stamp duty holiday has probably fallen out of the figures and we had a fall last month anyway. Having said that, I've seen a couple of properties come on in recent weeks (Cardiff) for beyond-stupid asking prices. (There's 'trying it on' and there's barking.) Without looking at previous Febs, I'd guess it's one of those months that always sees a rise and I'm preparing myself for such.

#2 satch

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Posted 19 February 2012 - 06:35 PM

Mortgage broker friend (South East) complains Feb has been his worst month EVER - £zer0. Any panic to beat the stamp duty holiday has probably fallen out of the figures and we had a fall last month anyway. Having said that, I've seen a couple of properties come on in recent weeks (Cardiff) for beyond-stupid asking prices. (There's 'trying it on' and there's barking.) Without looking at previous Febs, I'd guess it's one of those months that always sees a rise and I'm preparing myself for such.

easy to call +1.5% at least guaranteed 100%
George Osborne July 2013; 'I don't think in the current environment a house price bubble is going to emerge in 18 months or three years.' Mark Carney September 2013; ' ... there has been an improvement in prices and activity (talking about the housing market) Osborne to cabinet as quoted in the Indie October 2013; "Hopefully we will get a little housing boom & everyone will be happy"

Osborne says; “Printing money is the last resort of desperate governments when all other policies have failed.”

George Osborne December 2008; “Savers and pensioners are the forgotten victims … They are innocent bystanders and it’s simply not good enough for the Government to walk on by."

In his 1997 Budget speech, Gordon Brown said, "I will not allow house prices to get out of control and put at risk the sustainability of the future". He went on to say that he did not want a return to "instability, speculation and negative equity" of the 1980's and 1990's.

#3 kev-all-in

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Posted 19 February 2012 - 06:45 PM

It's the 'spring bounce' innit.... :lol:

blah blah blah. :rolleyes:

#4 Asheron

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Posted 19 February 2012 - 06:47 PM

95% mortgages are back ?
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

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#5 lurker07

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Posted 19 February 2012 - 06:52 PM

Asking prices are irrelevant.
Flipper is a dolphin.

#6 Pent Up

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Posted 19 February 2012 - 07:26 PM

Asking prices are irrelevant.


Yep, this index is a waste of time. It only dropped about 6% at the worst other than that it's been roughly the same since 07.
Remember that buying a house is a highly leveraged investment and can result in losses that exceed your initial deposit. Buying a house may not be suitable for everyone, so please ensure that you fully understand the risks involved.


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#7 Democorruptcy

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Posted 19 February 2012 - 07:28 PM

+5.3%

(Feels like my area contributed most to the rise)

Democorruptcy
If you say "Democorruptcy" quickly, it sounds a bit like "Democracy". In a "Democracy" people vote for politicians who represent their interests. In the UK's "Democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.

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A "Governbankment" is a Government that has no line between itself and banks. It diverts public money (our taxes) to private companies (banks). George Osborne's Help to Buy Bail Banks, will see our taxes go to bankers to cover their losses on mortgages that default. The UK's Governbankment will even pay bankers "reasonable repossession fees" on Help to Bail Bank mortgages that default.

The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR, interest rates swaps, etc. are being paid by savers so that bankers can keep pocketing bonuses. 

"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%

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http://classiclit.ab...en-Part-2_4.htm

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#8 Northern Ruck

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Posted 19 February 2012 - 07:57 PM

Was a big jump last February that will fall out of the numbers.(+3.10 % to £230,030)
YOY change should bomb to -2.6% even if they say this month was flat and prices stay around £224,000 Posted Image Asking prices that is.Posted Image

Could cause some nice headlines tomorrow, but only if Greece situation doesn't go boom !!

#9 NEO72

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Posted 19 February 2012 - 08:06 PM

easy to call +1.5% at least guaranteed 100%


Agreed. Although, lack of new stock = EAs getting more desperate to win new instructions = even more ludicrous valuations.

A 3 or 4% wouldn't even surprise me - cue Miles telling vendors that they're deluded, fundamentals won't support rises like this etc etc.

#10 rantnrave

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Posted 19 February 2012 - 08:18 PM

This index is NOT seasonally adjusted. In the hope of any Spring Bounce (ha ha!) I would expect UP something in the region of 3%.

#11 danlee74

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Posted 19 February 2012 - 08:43 PM

Always +ve in Feb!!!

2005 +2.3%
2006 +2.7%
2007 +0.9%
2008 +3.2%
2009 +1.2%
2010 +3.2%
2011 +3.1%

In my opinion, anything below 1.2% would be interesting. Also, I remember the previous report where they highlighted a 1.6% increase in two weeks during January. I would not be at all surprised to see a figure around 3% tho - got to keep the public confidence in piles of bricks high :angry: .

#12 hotairmail

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Posted 19 February 2012 - 09:55 PM

Always +ve in Feb!!!

2005 +2.3%
2006 +2.7%
2007 +0.9%
2008 +3.2%
2009 +1.2%
2010 +3.2%
2011 +3.1%

In my opinion, anything below 1.2% would be interesting. Also, I remember the previous report where they highlighted a 1.6% increase in two weeks during January. I would not be at all surprised to see a figure around 3% tho - got to keep the public confidence in piles of bricks high :angry: .


Are these mom then?

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#13 plummet expert

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Posted 19 February 2012 - 10:14 PM

Asking prices are irrelevant.

I absolutely agree! The only thing that counts is sold prices and transaction numbers. The number of sales going through is fairly low. So many houses come back on with anew agent trying it on again. The difference in price between 'homes that are selling' and the asking prices of 'homes that stay on the shelf' is now very substantial indeed. It is as if 2 markets are apparent. One with a flicker of reality attached and another in the parrallel universe where a few old victorian bricks and a new kitchen= £up to a million pounds in London or even a half million elsewhere.

Spoke to an agent on Friday - looked at a rental which is also for sale - he was strangely loose with info - no interest in the property as a sale atall - 3 viewers for rent - all had put in vastly lower rent offers (30% below asking). So we put in a 25% below rent offer. Lovely house, but half the price to rent than buy. Does that tell you anything? SE

#14 The Masked Tulip

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Posted 19 February 2012 - 10:26 PM

It will be up. The media will latch on to it in a frenzy, as will EAs. It is all meanginless. Banks are lending less and the housing market appears caught up in spin and hype.
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#15 danlee74

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Posted 19 February 2012 - 10:54 PM

Are these mom then?


Yes ... http://www.forexfact...hp#chart=40583.




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