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Nationwide Hpi Report

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I can't find any info relating to the August Nationwide Hpi report. I suspect it should be due in the next day or so.

Does anyone have a definite date for this?

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I can't find any info relating to the August Nationwide Hpi report.  I suspect it should be due in the next day or so.

Does anyone have a definite date for this?

N/W release last week of the month and H/F first week of the month. Hometrack have been slow to post their reports on line since HPI started to fall!

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http://www.nationwide.co.uk/hpi/historical/MPR0508.pdf

2.3% yoy. Down from 2.6% last month.

Average house price now stands at £157,310 down from £158,348 last month.

“The first-time buyer house price to earnings ratio is significantly higher now than at the last

peak. Even with lower mortgage rates, mortgage repayments absorb about one third of take

home pay and the average first time buyer now needs to raise a deposit of almost £17,000

compared to around £11,000 in 2003 – more than a 50% increase in two years. In terms of a

proportion of gross annual income, a first time buyer’s deposit now accounts for 62% of gross annual pay compared to 20% sixteen years ago. However, this reflects that first-time buyers now borrow a smaller proportion of the purchase price than they did in 1989. This shows how ability to pay criteria, such as income multiples, constrain the amount that they can borrow. Because of these higher deposits, it would now take a first time buyer almost three and a half years to save a deposit compared to just over one year in 1989."

Edited by Giraffe Cat

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Guest Riser

The only reason the Nationwide HPI is still positive is because they include prices from Scotland and Northern Ireland which showed increases of 10.5% and 24.8% respectively in Junes report.

These areas are the last to see the boom passing through and should see major correction downward in the next Nationwide quarterly report. Northern Ireland in particular has not generally followed the National trend and is currently increasing due to the peace dividend and proximity to the over blown market in the south which is exploding due to stupid EU interest rates.

Northern Ireland Prices

Edited by Riser

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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