Thursday, Jan 04, 2007
Nationwide quarterly report
Firstrung: House price growth accelerates across all UK regions in final quarter - Nationwide
Commenting on the figures Fionnuala Earley, Nationwide's Group Economist, said: "Stronger house price growth across the whole of the UK pushed the annual rate of house price inflation in the UK up to 9.3% in Q4 2006. This represents a £40 increase per day and pushed the price of a typical house up to £172,065. The top three performers in the final quarter of the year were Northern Ireland, Scotland and London, but even the relatively weaker regions in the Midlands and North have seen a strong pick up in house price inflation this quarter.
Posted by converted lurker @ 11:33 AM (163 views) Add Comment
5 Comments
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1. bingo said...
I don't normally have too much to say on this site, most of the time content to sit and observe things playing out. But I have to comment on this particular article; I read this item and I am absolutely gobsmacked that anyone would dare report such an obvious load of old nonsense. It is quite obvious that these people are prepared to lie, cheat and decieve whoever they can to meet their own ends. I have to belive that there are laws against this kind of obvious attempt to decieve the masses.
2. converted lurker said...
TBH honest Bingo I agree with some of your comments, however, you have to look at all the commentary on house prices and make your mind up. The stats are worth it for us slightly 'obsessed statos' but the commentary that often accompanies the reports appears to be more of a political broadcast these days..
3. Mad Pish said...
Well said Bingo.
Like you I often sit back and read the weekly drivel that banks and building societies spout. If I was working for them, then I would say the same thing. A devaluation of house prices would obviously hit their business, share prices etc. The lack of morals with many estate agents/ lenders sickens me. I hope their attitude bites them in the butt. But as so often happens it'll be the man in the street who will feel the pain.
I'm a brit living in washington DC. I escaped in 2001 thinking that house prices in the UK had peaked after my house in Oxfordshire doubled in value in 4 years. House prices are already tumbling here, despite sub 6% interest rates and high employment. Land in the big city is scarse and there are a load of immigrants around. Household debt is rising. Sounds like Britain eh?
My boss just bought a house for 640K; the previous owner bought it in 2005 for 705. I'm sure its only a matter of time when the UK will follow.
4. Mjchum said...
When words and numbers don't agree . . .
5. Mjchum said...
I do agree. HOUSE RPICES WILL RISE SHARPLY IN 2007. Winner's Curse, Fred Harrison, Boom Bust book, going into recession depression starting 2008, ending two thousand and God only knows????