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simon99

Express Front Page - House Prices Set To Surge

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surge but not "SOAR!"?

Hmmm, so there is a crash coming then.

agreed. surges are ten-a-penny & nothing to get excited about. it's the SOARing you want to look out for.

any explanation of why they'll be surging?

Edited by the flying pig

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agreed. surges are ten-a-penny & nothing to get excited about. it's the SOARing you want to look out for.

any explanation of why they'll be surging?

Wonder if its the RICS out tomorrow - bet theres some lovely spin in that

;)

Actually its out in a few mins

Edited by swankyman

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Probably just a typo...

They meant to say 'SORE'.

Ooh, good one smarty pants, I wish I'd said that (I'm not joking tho it sort of looks like I am).

The Daily Express is the most mental paper in the UK, 25 years ago it was pretty good, what happened?? Are they all on crack?

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From the Greenslade blog over on the Guardian:-

Please watch out for Express excesses

Now that there is no independent oversight of the Daily Express, following its owner, Richard Desmond, having turned his back on the Press Complaints Commission, it is even more important than usual to maintain a close watch on the paper.

One site, fullfact.org, has pledged to step up its scrutiny. We can expect Tabloid Watch to continue its work.

And I'll do my best to highlight falsehoods in the Express, Daily Star and its sister Sunday titles.

Source: http://www.guardian.co.uk/media/greenslade/2011/jan/17/dailyexpress-pcc

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Ooh, good one smarty pants, I wish I'd said that (I'm not joking tho it sort of looks like I am).

The Daily Express is the most mental paper in the UK, 25 years ago it was pretty good, what happened?? Are they all on crack?

25 years ago their readers were 50 years old and sane, today they're 75 and senile.

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The article:

HOUSE PRICES SET TO SURGE

By Sarah O'Grady

PROPERTY prices are heading for a spring bounce, according to the country’s leading experts.

Price falls have steadied and more homes coming up for sale will boost confidence, reports the Royal Institution of Chartered Surveyors.

Its latest housing study, a closely watched indicator of the market’s health, is upbeat about the direction sales are heading, with a growing number of experts forecasting them to rise over the next three months.

Institution spokesman Jeremy Leaf said: “Although bad weather hit the housing market during December, sales levels have remained stable and sentiment does appear more positive for the coming months.”

Just 39 per cent of surveyors reported values falling last month, down from the 44 per cent who did so in November.

And in a second sign that the country is resiliently defying the economic downturn a study found that consumer confidence rose for the first time in four months during December as people felt slightly less pessimistic about the future of the economy and the jobs market.

The Nationwide Consumer Confidence Index stood at 53 at the end of December, up from just 45 in November, although still 24 points lower than it started the year.

Responding to the RICS findings last night, Ray Boulger, mortgage expert at brokers John Charcol, said: “Clearly it’s encouraging for people wanting to sell their home this year.

“It’s only a small increase, but positive sentiment is important to help change the perspective of people who are feeling less confident in the market.”

Britain’s biggest building society, Nationwide, also reported a rise in house prices in December, by 0.4 per cent.

Andrew Montlake, of the mortgage group Coreco, said: “While many have assumed there will be a fall in prices the reality could prove somewhat different as continued low stock levels continue to provide some support to prices, with agents still reporting fierce competition for good quality properties, especially in the high demand areas of London and the South-east.

“Many people have put their lives on hold since the credit crisis began and I suspect that once they become more settled in the new environment and comfortable that their jobs are safe, buyer sentiment will improve.

“Many will be tempted back on to the market to take advantage of competitive mortgage rates and the perception of good property deals before the recovery really takes hold next year.”

In the three months to last December, the average number of completed sales per surveyor stabilised at an average of 15.2 from 14.8.

Across the UK, completed transactions were highest in the East Midlands, with 19 per surveyor, and Yorkshire and the Humber with 18.

East Anglia recorded the lowest level of transactions, with an average of just 10 per surveyor.

The RICS report is the latest in a run of positive data for the housing market.

Yesterday property website Rightmove recorded a 0.3 per cent rise in asking prices for properties in England and Wales during the five weeks to January 8.

The group said a shortage of homes for sale, combined with a surge in demand from potential buyers, should help to underpin prices in popular areas in the run-up to the spring moving season.

The site experienced its traditional new year surge in potential buyers, recording its busiest day so far on January 11, with more than 28.3 million pages viewed.

The figures suggest the current mismatch between supply and demand may be shifting back in favour of sellers, after a shortage of buyers had forced prices down.

Howard Archer, chief UK and European economist at the economic forecaster IHS Global Insight, said: “Clearly, if the supply-demand balance in housing moves increasingly away from buyers towards sellers, it will provide significant support for house prices.”

Source: http://www.dailyexpress.co.uk/posts/view/223807/House-prices-set-to-surge/

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WTF, I don't think I've ever seen such a terrible piece of reporting, that is absolutely shocking!

Just 39 per cent of surveyors reported values falling last month, down from the 44 per cent who did so in November.

So basically the whole thing is based on the fact the a few less RICs chaps see prices falling at the moment, yet when we see the report, I bet the balance is still negative.

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Price falls have steadied and more homes coming up for sale will boost confidence, reports the Royal Institution of Chartered Surveyors.

What does this mean? More homes coming up for sale will boost confidence? So more inventory equals more confidence? Doesn't more inventory equal more competition and lower prices?

Responding to the RICS findings last night, Ray Boulger, mortgage expert at brokers John Charcol, said: “Clearly it’s encouraging for people wanting to sell their home this year.

Listen up, John Charcol have spoken! This company was run so badly it went into administration. They clearly cannot even run a business let alone comment on the housing market.

“Many will be tempted back on to the market to take advantage of competitive mortgage rates and the perception of good property deals before the recovery really takes hold next year.”

Is that right? Who is lending these mortgages?

The RICS report is the latest in a run of positive data for the housing market.

What run of positive data was that then? Did I miss a stream of fantastic house price inflation data or is this just another stream of diarrhea?

It's all ifs and buts. If you are stupid enough to buy this year on your own head be it. If inflation finds its way into pay-packets and mortgage lending rules are relaxed I'll change my tune. All the while the economy is losing jobs prices aren't going anywhere fast; well except down! :lol:

Edited by Xurbia

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  • 312 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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