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The Masked Tulip

Confidence In The Housing Market Soars To Highest Level In Three Years

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In other news, 98% of Arsenal fans polled expect their team will beat Manchester United this weekend, whereas 98% of Manchester United fans expect their team to win.

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In other news, 98% of Arsenal fans polled expect their team will beat Manchester United this weekend, whereas 98% of Manchester United fans expect their team to win.

You should stick that up there as a comment. Good one.

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You should stick that up there as a comment. Good one.

Apparently no comments have been submitted so far (which I find hard to believe), so there's a good chance it could get a lot of response.

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of course, people will beleive the Government is doing all it can to get prices up.

shame the self same schemes with different names havent worked in the last 5 years

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DM never print my comments, even when they are unmoderated, they just don't appear. I've never posted anything libellous etc, only ever HPC thesis posts, but it seems they don't like them and they are automatically filtered out... anyone else, feel free to have a go.

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Both the proportion of people forecasting house price increase and the typical size of the anticipated increase are the highest figures recorded in around three years by the quarterly study, which began in 2009

They've been publishing those sort of figures almost since time began but it's handy that the new "study" just started in 2009 after the housing market had collapsed.

Edited by billybong

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They've been publishing those sort of figures almost since time began but it's handy that the new "study" just started in 2009 after the housing market had collapsed.

Its a market like any other. The government has just announced they will support anyone with a mortgage up to £600K on old properties (i.e not new builds) from Jan 2014. Once you have a guaranteed buyer of loans in the market where anyone with a 5% deposit can now get a 80% LTV loan guess what? Prices go up! So prices have already started ramping up and they will continue as banks can lend at low LTVs, people can borrow at low deposit levels and the government "guarantees" it all thanks to record low interest rates on gilts. I wonder what could go wrong with this bubble!

The conservatives want to win an election - to do that people need to generally feel like they are moving onward and upward because of government policy. Housing purchases enables this feeling. Their policies will enable higher nominal house prices until the next general election and then it will all start crashing again as always. We'll be poor until we invent things / dig up commodities the world wants - that's the only way to be profitable nationally.

Life is about incentives and rewards. Everyone has them but turning them to non-selfish objectives always proves difficult. Everyone has an ego that needs to be stroked. Even the HPC crowd.

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The majority of people buying a house have just sold one.

And with the exception of perhaps London and a few other places - they will all have got less for their places than anticipated.

They will therefore be trying to 'make this up' by offering lower on the one they try to buy.

I really don't think this whole idea of prices rising holds any water at all.

Its just nonsense.

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lots of bearish comments, I've been 'green arrowing' them.

No surprise. The Pricedout generation consume information online, the 'Pricedin' Boomers still mostly consume it from printed sources.

Edited by rantnrave

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Bruce is right, property professionals really are trying to engineer a sentiment-driven Spring bounce.

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Bruce is right, property professionals really are trying to engineer a sentiment-driven Spring bounce.

Where would we all be without confidence........confidence is all we need, so they keep telling us. ;)

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Where would we all be without confidence........confidence is all we need, so they keep telling us. ;)

Confidence? Not so much. A govt willing to spend without limit, that's what you need to keep prices inflated. And that's what we've got.

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so prices are going up because of a scheme, that has been around for years, is being relaunched in 2014?

the spring bounce lamb is particularly vigourous this week.

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so prices are going up because of a scheme, that has been around for years, is being relaunched in 2014?

the spring bounce lamb is particularly vigourous this week.

The old scheme never covered all houses up to 600K only new builds up to a smaller limit.

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Confidence in the housing market soars to highest level in three years with prices forecast to rise by £10,000 this summer

Sounds like a good example of "sell on the news". All the news is likely already in the price.

Edited by billybong

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  • 244 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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