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cashinmattress

More Brits Expect House Prices To Rise Than Fall Over Next 12 Months?

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What the flying fvck is going on with house propaganda in the UK? They can't agree on anything at all!

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Most people in the UK expect house prices to rise rather than fall over the next twelve months according to the Halifax Housing Market Confidence Tracker.

The survey, conducted by Ipsos MORI on behalf of Halifax found that although house prices fell by 1.2 per cent in the first quarter of 2011, a third of people polled expected prices to rise. Just 23 per cent expected to see a fall in house prices over the next 12 months.

The results of the survey means that there is a positive house price outlook score of nine points.

The majority of people believe that any change in house prices, up or down, will be relatively small. 26 per cent of people believe there will be no change at all.

Half of respondents believe that the next three months will be a good time to buy. This is more than three times the amount of people who think that it would be a good time to sell, which came in at 14 per cent.

Just 15 per cent of respondents were positive about buying and selling in the next 12 months, suggesting that activity in the property market is likely to remain subdued.

The main factors influencing people against buying a home are job security, fears over rising interest rates and concerns over how their own personal finances will fare over the next few months. 80 per cent of people expect their finances to get worse or stay the same in that period.

Difficulty in being able to raise a deposit was a factor cited by 50 per cent of respondents.

Suren Thiru, housing economist at Halifax, said: "More Britons expect house prices to rise rather than fall over the next year. This is likely to partly reflect the relatively low burden of servicing mortgage debt. However, confidence in the UK housing market is likely to remain subdued over the coming months, given consumers' concerns over the outlook for the UK economy in general, and the jobs market in particular."

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Just a third expect house prices to rise in the next twelve months, according to a Halifax confidence report

The Halifax Housing Market Confidence Tracker monitors public sentiment towards the UK housing market and the results showed one in three people predict average UK house prices to rise this year.

On the flipside, 23% expect a fall. The rest sat on the fence.

Halifax says, this means, on balance, more people in Britain think house prices will rise than fall, revealing a positive House Price Outlook Score of +9 percentage points.

Whether prices rise or fall the majority believe that any house price movement over the next year will be relatively small - 57% expect any change to be between +5% and -5%.

A quarter believe there will be more significant changes in house prices, with increases and decreases of 5% or more.

The survey also showed that half of respondents think it would be a good time to buy over the next three months – this is more than three times the number that felt it would be a good time to sell (14%).

Just 15% were positive about both buying and selling in the next 12 months, suggesting that the level of housing market activity may remain subdued.

The tightening in lending criteria since 2007 has put off many from attempting to enter the market.

Half of those questioned (50%) thought that being able to raise a deposit was a major barrier to home buying.

Additionally, over a quarter of all respondents (27%) thought that the general availability of mortgages was one of the main obstacles to buying a property.

Suren Thiru, housing economist at Halifax, said: 'More Britons expect house prices to rise rather than fall over the next year.

'This is likely to partly reflect the relatively low burden of servicing mortgage debt. However, confidence in the UK housing market is likely to remain subdued over the coming months, given consumers' concerns over the outlook for the UK economy in general, and the jobs market in particular.'

This is Money poll shows 75% readers think prices will fall

On our This is Money poll, we asked readers what they believed would happen to house prices over the course of the next year (April 2011 – April 2012) and the response has been the opposite to the Halifax survey.

With 8,899 responses, nearly 75% of readers believe that house prices will fall in the next 12 months.

Of this number, over 31% believe that house prices will crash by more than -10% by April 2012.

Just over 15% think house prices will rise in the coming year, with just over 6% thinking they will rise by more than 10%.

More than 9% believe that house prices will remain at the same levels by April 2012.

I suppose we can agree that this flux in the media means that prices aren't going anywhere, and most assuredly not up.

Edited by cashinmattress

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Its funny a work mate commented about this article today,

I laughed "Yep nearly everyone believes house prices only ever go up"

You cant lose, dont you know! :P

The article is just a lure to those that dont know :(

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i lived on a council estate until i was 18 years old if i was to conduct a survey and ask all the chavs if they thought a police presence was a good thing the answer would be predictable, if i chose to ask only this group of people ,if i ask decent working class people as well the answer would would differ again.

In other words when they conduct these surveys they aim them at a certain group of people (not hpc'ers)

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What the flying fvck is going on with house propaganda in the UK? They can't agree on anything at all!

I suppose we can agree that this flux in the media means that prices aren't going anywhere, and most assuredly not up.

Most sheeple confuse, everyday living expenses with house prices rises....Inflation over the last 12 years only effected one market more than most, But wage inflation isn't gunna happen any time soon...hence the squeezed/deluded middle.

You can ask for a cost of living pay rise....to cover you additional costs, but if your employer can't afford it? This is when HPC hits home!

BOE given new powers to stop speculative lending = Crash (Because that is what caused the bubble...under supply myth etc etc etc...Under supply is a myth with basic homes costing 7x avg FALLING REAL SALARY!)

Inflation in costs, without inflation in wages will feel like deflation = GBP centric retail will get hammered! And with a large %'age of GDP off the back of failing retail...so will GBP.

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Most sheeple confuse, everyday living expenses with house prices rises....Inflation over the last 12 years only effected one market more than most, But wage inflation isn't gunna happen any time soon...hence the squeezed/deluded middle.

This always baffles me. People are paying more and more for everyday essentials but yet the Sheeple somehow believe there is some magical money left to drive up house prices.

Still not to worry, Merv will be along soon with said magical money...

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This always baffles me. People are paying more and more for everyday essentials but yet the Sheeple somehow believe there is some magical money left to drive up house prices.

Still not to worry, Merv will be along soon with said magical money...

Possibly. BBC Business today...more QE got a prominent mention as the next step needed to get growth returning without having to reverse the public sector cuts.

Looks like public sector workers are being set up for pay cuts, job cuts and high inflation. I can see mayhem ahead with public service strikes. No wonder the NHS Bill got shelved. The govt. can't fight an action on so many fronts. It's got nothing to do with Lansley's NHS reforms. It has everything to do with avoiding a general strike.

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Possibly. BBC Business today...more QE got a prominent mention as the next step needed to get growth returning without having to reverse the public sector cuts.

Looks like public sector workers are being set up for pay cuts, job cuts and high inflation. I can see mayhem ahead with public service strikes. No wonder the NHS Bill got shelved. The govt. can't fight an action on so many fronts. It's got nothing to do with Lansley's NHS reforms. It has everything to do with avoiding a general strike.

Will be a chill autumn for the housing market – widespread strikes over pensions (the media never ask or say what about the fecking private sector paying for the public sector pensions!) will mark the true arrival of austerity UK. As i have said before we are only in the opening stages of austerity measures which will be around for years, just for this reason alone anyone knee jerking to a monthly rise in a Halifax of Nationwide wants to to get a grip and get some perspective. The real recession starts now.

We are now in an endgame for our indebted economy – the only solution to strikes is more QE, more QE means more inflation, more inflation will ultimately tip the scales on the need to raise IRs. If they aren’t raised we get more inflation which even now is doing the job of increased IRs by ultimately eroding what’s left of the UK’s disposable income.

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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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