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House Price Crash Is Over

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Sunday's Daily Star is saying that 'House price crash is over' and the Express is saying 'House prices will rise'.

http://www.dailystar.co.uk/news/view/147113/House-price-crash-is-over-say-economists/

http://www.dailyexpress.co.uk/posts/view/190400/House-prices-will-rise-/

Meanwhile, the Sunday Telegraph is 'Housing market to stay flat until 2013'

The UK will see sluggish house price growth over the coming years according to the Centre for Economics and Business Research, as the Bank of England's Monetary Policy Committee prepares to leave interest rates on hold this week.

http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/7920146/Housing-market-to-stay-flat-until-2013.html

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Sunday's Daily Star is saying that 'House price crash is over' and the Express is saying 'House prices will rise'.

http://www.dailystar.co.uk/news/view/147113/House-price-crash-is-over-say-economists/

http://www.dailyexpress.co.uk/posts/view/190400/House-prices-will-rise-/

Meanwhile, the Sunday Telegraph is 'Housing market to stay flat until 2013'

http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/7920146/Housing-market-to-stay-flat-until-2013.html

..Star and Express are from the same stable and always appear to have an obtuse angle on the news ...must be a sales gimmick for the more simple.... :rolleyes:

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Have they even read the report..... I think not! :lol:

The report

Figure 3 - Housing sales volume

Halifax house price data released earlier this month suggested that house prices fell by 0.6% in June compared with May. House prices also fell 0.5% in May compared with April. Overall, house prices were 0.1% lower in the second quarter of the year compared to the first. Nationwide house price estimates provide a slightly different outlook, suggesting month-on-month house price growth of 0.5% in May and 0.1% in June. Ultimately, however, both the Halifax and Nationwide series show a cooling off and slowing down in the housing market.

The slowing down in house price growth is a result of supply and demand conditions. On the supply-side, more houses have come onto the market this year, pushing down prices. On the demand-side - although the increased likelihood of the Bank of England keeping the base rate at 0.5% until 2012 is likely to lower mortgage rates - as a result of lower long-term interest rates, continued constrained bank lending is likely to ensure that any increase in demand for housing is modest. As figure 3 shows, housing sales volumes have remained weak throughout the first quarter of 2010, and sales volumes are still well below the average for the period 2000–2007.

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I think what you read in the Daily Sport has more truth that The Daily Express/Star.

Absolute b******s

Lots of supply of houses on the market. Shortage of rentals as people don't want to buy. 'Nuff said!

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The daily express? Ha ha, good old express at least they are consitant with timing. see below (check the date)

auzjwy.jpg

HPC is on! Morons :)

Edited by Pent Up

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Coincidence, same name or the same journo?

Daily Mirror

House prices drop £25 a day

By Graham Hiscott 30/07/2010

Cuts trigger slump

Mortgage approvals fall again in July

House prices are falling by £25 a day as ConDem spending cuts drain the confidence of buyers.

Mounting job fears are deterring many people from moving and homes for sale outnumber house hunters.

An average home fell 0.5% in value to £169,347 in the past month, Nationwide Building Society figures show.

Prices are still 6.6% higher than a year ago, but that compares with a 10.5% surge before the coalition's election victory and emergency budget.

Experts say prices will continue to drop as the Government ramps up its austerity drive, with some forecasting a further 20% fall if confidence fails to pick up.

Advertisement - article continues below »

CRISIS

Despite record low interest rates and a stamp duty holiday for most first-time buyers, homes changing hands are at half the level seen before the financial crisis.

Martin Gahbauer, Nationwide's chief economist, said: "Restrictive credit conditions and uncertainty about the future economic outlook continues to limit the pool of buyers to those with relatively large financial resources.

"Many potential buyers still lack the confidence to purchase their first home or trade up when faced with uncertainty over income and employment prospects."

A separate prediction from the National Institute of Economic and Social Research warned that house prices would fall by around 8% over the next five years, after allowing for inflation.

PR Week

Press Association consumer affairs correspondent Louise Barnett is moving to the Daily Express as consumer editor. She replaces Graham Hiscott, who will start on the Daily Mirror as deputy business editor next month.

Thanks to TMT OP

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Guest Noodle

These headlines may as well read 'UK TO EAT IT'S YOUNG'.

I have little doubt the combination of Brown's money printing combined with Osborne's 'banks must lend' we will shortly see a sudden increase in money velocity with corresponding inflationary and forex carnage.

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These headlines may as well read 'UK TO EAT IT'S YOUNG'.

I have little doubt the combination of Brown's money printing combined with Osborne's 'banks must lend' we will shortly see a sudden increase in money velocity with corresponding inflationary and forex carnage.

Even the Express would lose that apostrophe Mr P.

If you think house prices are set to soar you should read the Express to give yourself comfort.

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So the Express refuse to report proven falls in the market (HBOS and Nationwide) yet they report on a 'guess' that prices will rise.

Crap crap paper

We all know the Express is rubbish and biased in favour of property types. They probably think similar of housepricecrash.co.uk

I am sure there are elements of truth in all these reports, and that there will be ups and downs and regional variations. Certainly in areas heavily reliant on the public sector I would now anticipate falls, but in London and the South East I don't see that happening in the same way.

What is now quite alarming are some of the prices in Surrey and Hertfordshire. Not so much the low end, but the £500k-£700k bracket, as I am now starting to see three bed houses and 2 bed apartments falling into to this range which was previously the preserves of reasonable 4 bed houses - I'd say some of these prices are now above the 2007 peak - though clearly they'd need to sell, many won't but some are.

Edited by Mikhail Liebenstein

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Sunday's Daily Star is saying that 'House price crash is over' and the Express is saying 'House prices will rise'.

http://www.dailystar.co.uk/news/view/147113/House-price-crash-is-over-say-economists/

http://www.dailyexpress.co.uk/posts/view/190400/House-prices-will-rise-/

Meanwhile, the Sunday Telegraph is 'Housing market to stay flat until 2013'

http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/7920146/Housing-market-to-stay-flat-until-2013.html

Just saw this crap on sky. Headline 'house prices going up not down' well that's not what the indicies are saying! Looks msm is back to a last ditch ramp before the game is truly up.

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These headlines may as well read 'UK TO EAT IT'S YOUNG'.

I have little doubt the combination of Brown's money printing combined with Osborne's 'banks must lend' we will shortly see a sudden increase in money velocity with corresponding inflationary and forex carnage.

Osborne instructing banks to lend doesn't mean they will or can, nor does it mean we will all borrow.

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Guest Noodle

Osborne instructing banks to lend doesn't mean they will or can, nor does it mean we will all borrow.

I hope not, well for houses anyway.

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And in the Daily Mail .... see:

http://www.dailymail.co.uk/news/article-1299358/House-prices-heading-say-experts.html

Add some Readers Comments, don't let them get away with it, show them up for the VI idiots that they are.

In terms of Osbourne's - 'Banks must lend' isn't this to small and medium sized business? I haven't seen any mention of Banks must increase their mortgage lending in any of the statements or reports about Osbourne wanting the Banks to lend more. Is this perhaps an example of the Coalition Government focusing on sorting out the 'productive' areas of the economy (small and medium sized businesses, etc.) rather than unproductive areas of the economy (property)?

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Even the Express would lose that apostrophe Mr P.

If you think house prices are set to soar you should read the Express to give yourself comfort.

But the freakin' iPhone puts in that apostrophe whether you want it there or not. It doesn't realise that you are allowed to write "its" with no apostrophe...

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These newspapers are all trash. They say for house prices to fall is doom-mongering, but what exactly is good about prices rising? Only people to benefit would be speculators - the kind of people who caused the recession to begin with. It's like watching a snake eating it's own tail reading this crap.

Edit: conjugated the verb

Edited by jammo

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Sunday's Daily Star is saying that 'House price crash is over' and the Express is saying 'House prices will rise'.

http://www.dailystar...say-economists/

http://www.dailyexpr...ces-will-rise-/

Meanwhile, the Sunday Telegraph is 'Housing market to stay flat until 2013'

http://www.telegraph...until-2013.html

The day before the Halifax monthly figures. Do they know something we don't?

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Have they even read the report..... I think not! laugh.gif

The report

can I just observe the title of the housing market section in thar report:

Housing market continues to show signs of slowdown

It isn't even correct grammar - very amateurish, also a loaded term instead of the correct term - price falls

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We all know the Express is rubbish and biased in favour of property types. They probably think similar of housepricecrash.co.uk

I am sure there are elements of truth in all these reports, and that there will be ups and downs and regional variations. Certainly in areas heavily reliant on the public sector I would now anticipate falls, but in London and the South East I don't see that happening in the same way.

What is now quite alarming are some of the prices in Surrey and Hertfordshire. Not so much the low end, but the £500k-£700k bracket, as I am now starting to see three bed houses and 2 bed apartments falling into to this range which was previously the preserves of reasonable 4 bed houses - I'd say some of these prices are now above the 2007 peak - though clearly they'd need to sell, many won't but some are.

Hey Mister!

This may be presumptuos, but are you by any chance a home owner (recently purchased) living in London or around the south east somewhere.? Are you one of "those home owners" that may concede house prices could drop, BUT NOT WHERE YOU LIVE

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  • 259 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% +
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      • Even
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