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House Prices Soar By 150% In A Decade And A Further 40% Increase May Follow

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THE value of Wales’ housing stock increased by nearly 150% in the last 10 years, research has revealed.

Total home values leapt from £68.3bn in 2000 to £186.1bn at the peak of the market in 2007, before dipping to its current level of £169.8bn, according to property group, Savills.

That represents an increase of 149% over the 11-year period from 2000 to 2010.

The report also shows that in terms of value of property per hectare, land in Cardiff outstrips that in the rest of Wales but that Swansea’s property values have risen quickly.

The National Association of Estate Agents released figures showing the number of homes changing hands fell to an eight-year low during December as the severe winter weather exacerbated an already subdued housing market.

A combination of the bad weather and the approach of Christmas led to the average estate agent branch selling just four properties during the month, the lowest level since January 2003 and nearly half the seven that were sold in November.

Mike Jones, president of the NAEA, said: “December is always a slow month for agents, but there is little doubt that these figures are worse than usual.

“However it is important not to read too much into it.

“This lack of sales can be explained by freak weather conditions, rather than any underlying problem with the market.

“We would hope to see a bounce-back in the next few months. Indeed, the New Year has begun very strongly and agents have reported a very busy couple of weeks that we are hopeful will continue.”

The Agency Express property activity index, which puts up estate agent For Sale boards, said that there was a seasonal dip in sales in Wales of 18.8% across Wales – with Cardiff seeing a fall of 36.7%.

However, the group said that house sales in 2010 in Wales grew by 8.7% overall,

Agency Express managing director Stephen Watson said: “In the early part of the year we saw significant increases in house sales activity but the market has dampened since then as the Government’s austerity measures were announced and house prices softened as a result of over-supply.”

Read More http://www.walesonline.co.uk/news/wales-news/2011/01/17/house-prices-soar-by-150-in-a-decade-and-a-further-40-increase-may-follow-91466-27998117/#ixzz1BI1kpxIF

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That Walesonline link went a bit weird on me.

I had it open in a new tab but when I closed it the damn thing kept opening new browsers as fast as I could shut them.

Avoid?

Presumably that was an illustration of how fast house prices were rising

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That Walesonline link went a bit weird on me.

I had it open in a new tab but when I closed it the damn thing kept opening new browsers as fast as I could shut them.

Avoid?

Just checked the link and it works fine for me - did not get the same problem.

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I think they will go up more than 15% a year , due to hyperinflation.

There is my prediction then....

2011 = +10% house prices , 2012 = +17% house prices , exponential growth from then on

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Just checked the link and it works fine for me - did not get the same problem.

Maybe I caught an ad on the page which made it go berserk.

Anyway just doing a virus scan on that PC and it's found a worm which I've moved to the virus chest. That could be mere coincidence and nothing to do with your link.

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THE value of Wales’ housing stock increased by nearly 150% in the last 10 years, research has revealed.

So not only are we using a ten year window to get our HPI kicks now, we're also measuring the entire housing stock.

Other figures released yesterday showed that asking prices edged ahead during January as the number of homes being put up for sale fell to a two-year low. The 0.3% rise in asking prices for properties in England and Wales during the five weeks...

Yeah, never mind the Wales only figure of -0.5%.

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  • 284 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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