TheCountOfNowhere

Can someone do a GDP graph adjust for QE ? and show us just how bad the depression we are in ? There will be no double dip, the first dip never ended !!!

Doesn't 1 person in every 4 live round london/ greater london. Oxford airport is called London Oxfiord, are they counting Oxford too ? They're not doing very well if they only generate 1 in 5.

wait...is that almost 600K to live in West Hunsbury ? Is that in the old flood plane ?

Why does anyone at the BBC get a bonus. The get money, make programs, broadcast tv programs. This country is a mess.

The headline should read: Prices jump 3.6% in one year Anything else is banker propoganda.

Good point, we need less taxes for shops, cut rents cut rates, let us kewep our money rather than giving it to our political leaders, their friends and their workers ants ( public sector workers ).

British people are stupid and easily led, would be the obvious answer.

Just looked at luton on the land registry. To me it's down south, near london etc. I was quite surprised when I saw the land registry entery: House Price Index report - Luton Council (January 1995 - December 2011) October 2007 Sales 390 October 2011 Sales 172 December 2011 Down -6.4 -

Come the next election. Do everyone a favor, vote for any party other than labour, lib-dem and tory, your own conscience can decide which of the other parties is the best alternative.

It the Great Gordon Giveaway election tactic.

Coincidentally I was just browsing NN1 + 15 miles for rent on rightmove...lots of hefty drops in rents this month, e.g.: http://www.rightmove.co.uk/property-to-rent/property-27678242.html?premiumA=true 09 February 2012 * Price changed: from '£2,250 pcm' to '£2,000 pcm' 21 December 2011 * Agents Telephone changed: from '08431031441' to '01604632991' * Brief Description changed: A brand new executive property located on a private drive. 3 reception rooms and study, garden room, 5 bedrooms, 4 bath/shower rooms (3 en suite), double garage. AVAILABLE FEBRUARY MARCH 2012 * Price changed: from '£2,500 pcm' to '£2,250 pcm' http://www.rightmove.co.uk/property-to-rent/property-35738972.html 09 February 2012 * Brief Description changed: Cauldwell Property Services LTD are delighted to offer this executive five bedroom detached home situated in the bottom of a cul-de-sac in the much sought after area of Middleton. This spacious home is offered fully furnished to a high standard throughout and briefly comprises: entrance hall, separa... separate study with broadband fa... * Price changed: from '£1,795 pcm' to '£1,595 pcm' http://www.rightmove.co.uk/property-to-rent/property-19024935.html 09 February 2012 * Price changed: from '£1,700 pcm' to '£1,500 pcm' 10 November 2011 * Price changed: from '£1,500 pcm' to '£1,700 pcm' http://www.rightmove.co.uk/property-to-rent/property-28182418.html 09 February 2012 * Price changed: from '£1,500 pcm' to '£1,250 pcm' http://www.rightmove.co.uk/property-to-rent/property-36025883.html 09 February 2012 * Price changed: from '£1,250 pcm' to '£950 pcm' http://www.rightmove.co.uk/property-to-rent/property-19902567.html?premiumA=true 09 February 2012 * Price changed: from '£950 pcm' to '£900 pcm' 10 October 2011 * Price changed: from '£1,150 pcm' to '£950 pcm' Rents are definitely dropping in Northants, probably back to 2004 levels like the house prices. Doesnt stop teh agents from trying tho to let at some ridiculous premium.

Ah well, at least there is some good news today

House prices have fallen, and are still falling. The protection is worth as much as their promise to pay the bearer on demand.

Does anyone feel better off, or more secure thanks to this money ? I feel poorer and much less secure. If they'd let the banks go to the wall 4 years ago this would have been done and dusted now and cost much less.

"Given the combination of lack of supply" There is no lack of supply, there are thousands of houses up for sale, some for 3 or 4 years now. The problem is the prices, they are a joke. Expand your search you just get more over-priced sh*tholes. Same problem, different area.

What is incredible is the fact they need the forbearance with interest rates at nowt. Says it all really. I think as people pay down their mortgages and can afford to sell for less then prices will continue to drop over a long period. We are in the Japan 20 year house price drop territory.

Has the Titanic quarter sunk ?

It's another Sherlock Holmes monent.

I hope so. in 2008 it collapsed. Asking prices went down about 25% when my wife had her flat so it can go down very quickly !!!

I think that;s the same link twice...I get a for sale each time. at 130K, using historical costs of repayment mortgages, around £600 per month for £100K mortgage, then that place would be borderline.

There are many circumstance when buying is sensible: 1) You are rich. 2) You are a cash buyer and wish to buy and not move again 3) You have just sold you gold you bought in 2005 4) You have a familly and a secure job and can well afford your payments as well as having a wedge put by for a rainy day 5) You pay 70% or less of the 2007 peak price 6) You're a crazy BTL-er who can't see past the end of their nose. Any more ? You might have notice I omitted, person on average wage, putting every penny they've ever saved + borrowed from parents and getting massive mortgage to buy as expensive a house as possible in the hope of making a killing in the next 10 years

Funny, I like your style.

I think the last one is an average house, 4 bed house on an modern soulless estate http://www.rightmove.co.uk/property-for-sale/property-20393016.html and http://www.rightmove.co.uk/property-for-sale/property-32624374.html - £210K and similar nearby: http://www.rightmove.co.uk/property-to-rent/property-21800712.html - £745pcm What's that, about 130K mortgage ? With the smaller house the differential starts to get close, then by the time you get to a flat then you might as well buy as the rents are silly, though you'd be made to pay 100K+ for a flat round northampton. Although, we have stuff like: http://www.rightmove.co.uk/property-for-sale/property-25680385.html - £162,995 or rent: http://www.rightmove.co.uk/property-to-rent/property-36502478.html - £650pcm equivalent mortgage, normally about £110K. ----- http://www.rightmove.co.uk/property-for-sale/property-36608843.html - 89,500 to rent and equivanent one nearby: http://www.rightmove.co.uk/property-to-rent/property-36342350.html - £450pcm so maybe about 70-80K mortgage.

Here's some top end buy/rent examples. Buying makings NO sense: The same, or equivalent houses ( i.e. same size on same street ) http://www.rightmove.co.uk/property-for-sale/property-20006391.html - Guide Price£865,000 http://www.rightmove.co.uk/property-to-rent/property-21654165.html - 2,300pcm - Equivalent of a £400-500K mortgage ------- http://www.rightmove.co.uk/property-for-sale/property-36513518.html - £749,950 http://www.rightmove.co.uk/property-to-rent/property-26717170.html - £2,400pcm Equivalent of a £400-500K mortgage ----------- http://www.rightmove.co.uk/property-for-sale/property-31304389.html?premiumA=true - £265,000 http://www.rightmove.co.uk/property-to-rent/property-36373544.html?premiumA=true - £895pcm Equivalent to a £150-180K mortgage. I could go on all day.... Add in buying selling costs and you can rent something like the last one for 10 years for the price difference....especially with falling rents, which I reckon is a given.

I can't disagree with any of that. Just ask your friends to pay Northants prices and not london prices when they buy I reckon the london effect, if there is such a thing, is keeping the top end houses 20% over valued at present. When london pops though a lot of people will be sitting on a big loss. Sanity will prevail.