TheCountOfNowhere

Same funders

It could be worse than that... He could be there for somone else... Like the bankers he wanted us to clap for or the property developers who fund his party. His intergenerational mortgages should worry us all and says this man is all about debt and house prices. We have a real problem

Next chancellor... £100m property empire Couldn't make this up? He won't be keen on raising rates https://www.google.com/amp/s/www.mirror.co.uk/news/politics/vaccine-ministers-100m-property-empire-24562439.amp

#East_Midlands: Average Current Asking Price: £344132 -0.07 MoM <<<- GOOD NEWS +4.83% QoQ +10.46% YoY <<<- A tragedy Number of Listings: 14951 +8.01% MoM +20.43% QoQ +11.90% YoY MeanValue = 290000 =============== #East_of_England: Average Current Asking Price: £457081 +0.66% MoM +8.64% QoQ +6.14% YoY Number of Listings: 26960 +7.70% MoM +17.50% QoQ +38.46% YoY <<<- MASSIVE JUMP IN LISTINGS MeanValue = 359500 =============== #London: Average Current Asking Price: £1003585 +1.06% MoM +3.98% QoQ +13.16% YoY Number of Listings: 53448 +3.85% MoM +8.29% QoQ -3.16% YoY <<<- London listings remained high through covid MeanValue = 595000 =============== #North_East_England: Average Current Asking Price: £228751 +1.80% MoM +5.58% QoQ +8.35% YoY Number of Listings: 10195 +8.85% MoM +19.28% QoQ -2.423 YoY MeanValue = 169500 =============== #North_West_England: Average Current Asking Price: £295285 +1.72% MoM +7.16% QoQ +8.73% YoY Number of Listings: 29843 +9.00% MoM +18.66% QoQ +8.73% YoY MeanValue = 225000 =============== #Scotland: Average Current Asking Price: £255516 +3.68% MoM +12.54% QoQ <<<- +50% annualised!!!!....it's not a bubble +8.36% YoY Number of Listings: 9601 +10.37% MoM +25.39% QoQ +12.90% YoY MeanValue = 180000 =============== #South_East_England: Average Current Asking Price: £550290 +1.62% MoM +10.16% QoQ <<<<<< INSANITY OF THE HIGHEST ORDER +10.85% YoY Number of Listings: 45948 +8.01% MoM +17.02% QoQ +15.53% YoY MeanValue = 400000 =============== #South_West_England: Average Current Asking Price: £457810 +1.40% MoM +11.57% QoQ +17.75% YoY Number of Listings: 24594 +10.27% MoM +28.15% QoQ +21.04% YoY MeanValue = 350000 =============== #Wales: Average Current Asking Price: £323415 +1.06% MoM +7.07% QoQ +13.86% YoY Number of Listings: 10241 +11.8% MoM +27.84% QoQ +16.05% YoY MeanValue = 250000 =============== #West_Midlands: Average Current Asking Price: £348145 +1.73% MoM +8.20% QoQ +13.99% YoY Number of Listings: 18756 +7.93% MoM +19.62% QoQ -0.59% YoY MeanValue = 275000

Hey DM, no need to thank me, I just hope when the bubble implodes that I've done a little bit to end it. Now, why would anyone buy a house when valuations are this out of kilter with reality...this is still £600,000 over priced.

Are there any cheap fixed mortgage deals Oh, the fecking irony. Im coining it in via energy shares, why are people with BTL portfolios and massive houses not happy for me

It's brilliant isn't. Prices going through the roof. I own energy shares, lots of them, 10% divides and prices up 100% in 2 years. Wish I'd bought more. Buy energy shares before you lose out. They're not making any more fossil fuels, energy prices only go up. That's how it feels to non homeowners you bunch of ignorant boomer thieves. I hope 1000s suffer in their freezing cold 6 bed houses like homeless British young

Dont you just hate a smart arse. I've started using median values because the average is being skewed by top end listings and london. London average asking price is 2x the national average and has 1/5th of the total properties We dont have : 1, 1, 1, 2, 3, 4, 7, 7, 7 we have 1,1,2,2,3,3,4,4,200,900,1000.

No, the average values are the same. I introduced the median for the reason someone has pointed out... " so it's not inconceivable that the mix of housing on the market is skewing to the expensive side at the moment" London/SE/SW have skewed the figures for some time, even in the shires, with so few properties 1 £20M house moves the average up. Median prices are the ones to watch now and they stopped dead this month

Slightly better news this month. The average price mom went up +0.33%. Last 3 months showed around 2% per month increases, so that is a big slow down. The big news is the number of listings has shot up 8% this month and is up 25% from the all time low. I've started using median values because the average is being skewed by top end listings and london. Median current asking price unchanged MOM, last month it was up 3% !!!

There will be more. Im not ruling out a large deflationary event now. The system is too unstable, will fly widely one way and the other

Seen worse but it's still 200K over priced

2 bed falt.

US house prices up 22% in a year I've just read. You cant lose, get in now.

I dont disagree with you, I think UK is about to be shocked how quickly the wheels can come off. We might have a nominal flash crash followed by another 30% real term drop. One thing for sure is, the paradigm has shifted.

This is a once in a 100 year event.

Here are some of the headlines from OZ/NZ/Canada. I dont think it'll be a flash crash...it'll be a Japan Crash. Prices down, never to return.

read between the lines....it's bloody obvious... They have made a giant hole in sales and are falling into it.

Your mate just did.

Just because you and 99% of the country cant afford a bog standard house that a bin man used to be able to buy does not mean the prices are crazy.

Whatever could the problem be

I think the decency of people/neighbors is inversely proportional to the price of your house.

I dont think they get it. The chances are they wont be repossessed and will spent a lifetime trying to cover losses.