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undersupply

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Everything posted by undersupply

  1. Up 1.5% for March, not up on Rightmove.co.uk yet http://www.fxstreet.com/news/forex-news/ar...76-7a304a97b7dd
  2. http://www.dailymail.co.uk/pages/live/arti...in_page_id=1770
  3. Death defying to buy this Obviously not sold with vacant possession
  4. http://www.rightmove.co.uk/viewdetails-606...=2&tr_t=buy
  5. http://icnewcastle.icnetwork.co.uk/journal...-name_page.html
  6. I understand this very well. I also understand that until AVERAGE HPI falls to zero, it will not go negative. Sentiment among property buyers will not be turned until AVERAGE HPI runs out of steam. There can be no crash until sentiment changes.
  7. http://news.bbc.co.uk/1/shared/spl/hi/in_d...ces/html/cj.stm I don't think this was posted before.
  8. http://www.bloomberg.com/apps/news?pid=206...mp;refer=europe
  9. http://firstrung.co.uk/articles.asp?pageid...articlekey=3868
  10. http://www.hbosplc.com/economy/includes/51...sttowns2006.xls Newcastle number 135 out of 516 on FTB house price to income ratio.£28,355 is the average first time buyer household income 5.91 is the ratio £167,675 is the average price.
  11. http://www.hbosplc.com/economy/includes/NorthQ42006NT.doc Newcastle Upon Tyne 10% HPI Average salary in North £26,236, presumably higher in the main regional city. 20th dearest town or city is not gloating, it should be the 6th dearest town/ city if population has anything to do with house prices. I'm sorry the hibernation comment made you upset. Can you provide evidence that Newcastle is losing population rather than, as I believe, gaining it?
  12. 2.7% down last month, I did quote the YOY figure. There is a huge undersupply of properties that people want to buy, therefore you have too much borrowed money(lax lending) from too many people(migration) chasing too few desirable houses(undersupply).This leads to price rises.Undesirable accomodation doesn't sell & is left to the rentiers. Also you talk about rampant asset inflation in one post & champion the 3% rise as below the RPI in the previous post.This means houses are becoming more affordable & a crash is less likely & there is no rampant asset inflation. I want to stay out of the gloating about good or bad news, and stick to the facts.
  13. Also found this, http://www.nationwide.co.uk/hpi/historical/Cities.pdf 3% for Newcastle for 2006, making it the 20th dearest town or city in the UK. Prices rose 19 pounds a day.
  14. Rightmove out today for North. MOM 2% YOY 7.4% Is it time for the bears to hibernate?
  15. After seeing this, I'm with Neilrich, we're in a bubble 11 million for a penthouse in Lime Square, if the link disappears.
  16. Typical paddywhackery, snakes n shamrocks begorrah
  17. DCLG showing 6.4% yoy growth for North EAST http://www.communities.gov.uk/pub/554/HPIN...6_id1505554.pdf
  18. Here is a link to where this is discussed further http://www.housepricecrash.co.uk/forum/ind...showtopic=40525
  19. Not strictly true, although house prices historically rise at 8% per year on average over time, we have seen greater rises than that in recent years in the north east and especially newcastle upon tyne. Prices can stagnate until wages catch up, or prices can fall if there is a sudden increase in interest rates. Two schools of thought. 1. Newcastle has stagnated for 2 years & is now going to pick up after catching a cold from London. 2. The interest rate rises which are the medicine for London will be the poison for Newcastle and force the BTLs to the exit and prevent the FTBs from buying. I see the middle ground: stagnation for this year 2007 that is 2-3% rise in house prices.
  20. Property predictions in the journal today. http://icnewcastle.icnetwork.co.uk/homemak...-name_page.html
  21. http://www.aboutproperty.co.uk/news/house-...#036;462303.htm
  22. http://www.houseprices.co.uk/e.php?q=Merch...E1+3RF&n=10 Have I missed something here?
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