Thursday, Jul 26, 2007
Hopefully, the only direction now is down...
BBC News: UK house prices 'stall' in July
House price growth in the UK "stalled" during July, suggesting that higher interest rates are starting to bite, the Nationwide has said.
Posted by this_ones_for_dean @ 08:19 AM (189 views) Add Comment
9 Comments
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1. dohousescrashinthewoods said...
They bounce to and fro, but as someone said a while back here, each time it zig-zags a bit lower. Chances are next month will be upp, but the one after will dip below this month's.
2. dohousescrashinthewoods said...
Here's the FT's take on it:
http://www.ft.com/cms/s/47735bc0-3b3d-11dc-8002-0000779fd2ac.html
3. confused76 said...
"Prices grew by just 0.1% in July, cutting the annual rate of growth to 9.9% from June's rate of 11.1%."
WOOOOOOOW!!
0.1% in July means 1.2% annually, folks. That's good! Good to beat no savings account.
End of the BTL... bye, bye!
The other figure 9.9% must be the increase for the rolling 12 months to July. That;s history, yesterday, gone forever! Welcome old economy!
4. dohousescrashinthewoods said...
To repeat the cheerleaders' cries with these new figures:
"Houses rocket at an astonishing £200 per month!"
Looks like some chavs are going to have to go back to work ;)
5. confused76 said...
... DHCITW...
you are such an optimist!!
Houses rocket at an astonishing £184.09 per month!!
6. confused76 said...
House prices skyrocket at a stunning £2,209.03 per year!
7. Maggot said...
yes these are average figures and certain areas are taking longer to fall than others.ahh its grate when a plan comes together
8. dohousescrashinthewoods said...
"Shock: owner earns more than house"
hee hee
9. confused76 said...
Super-shock:
savings accounts earn more than a BTL property!