Jump to content
House Price Crash Forum
Sign in to follow this  
InlikeFlynn

Spring Bounce?

Recommended Posts

From Twitter

"May HPI shows a monthly increase of 0.1%. Average house price in England and Wales is now £161,969. Full #HPI out 28 June"

Annual rise of 0.5% by my calculation.

Rather backs up the evidence CheeznBreed has posted showing shrinking mortgage lending.

Edited by InlikeFlynn

Share this post


Link to post
Share on other sites

From Twitter

"May HPI shows a monthly increase of 0.1%. Average house price in England and Wales is now £161,969. Full #HPI out 28 June"

Annual rise of 0.5% by my calculation.

Rather backs up the evidence CheeznBreed has posted showing shrinking mortgage lending.

I'd personally like to believe all the media hype, the estate agents and the bankers that we should all buy houses and will all be rich.

Sadly, those pesky facts keep getting in the way. Lending down. Sales volumes down. Prices down ( in real terms ). Inflation up. Cost of living up. Real wages down. London sales ( to only god knows who ) holding up the rest of the market.

There is nothing to indicates that the housing market isn't collapsing further apart from the rightmove asking price index.

These facts might well explain what we see here:

homepage.png

Share this post


Link to post
Share on other sites

estate agents and the bankers

If it were so, they would be buying and selling en-masse themselves.

However, there is more money in point of sale fees --> estate agents & solicitors

And even more in interest on loans and arrangement fees --> bankers

Folk buying property for investment are mugs, unless the market is rigged to ensure inflation.

On that premise, where do you put your money...

Share this post


Link to post
Share on other sites

From Twitter

"May HPI shows a monthly increase of 0.1%. Average house price in England and Wales is now £161,969. Full #HPI out 28 June"

Annual rise of 0.5% by my calculation.

Rather backs up the evidence CheeznBreed has posted showing shrinking mortgage lending.

Or based on Rightmove's propietary measure: Since the beginning of the year, selling prices* have fallen (despite four months of 'rises')

* Which excludes prices paid by numpties paying over the odds so they can choose their own tiles (aka newbuild purchases)

Share this post


Link to post
Share on other sites

2 year, at least, bounce due to FFL, H2B etc*

* barring exogenous shock of course

Edited by Killer Bunny

Share this post


Link to post
Share on other sites

There is nothing to indicates that the housing market isn't collapsing further apart from the rightmove asking price index.

which means we have these continual Daily Express front page headlines always telling us prices are going up, so I wonder how many believe them?

Today's front page headline reads...

"House prices rise by £9000.". :rolleyes:

http://www.thepaperboy.com/uk/daily-express/front-pages-today.cfm?frontpage=29543

The delusional asking price index, against selling price, seems to be getting bigger and bigger.

Share this post


Link to post
Share on other sites

I suppose that anyone with 1/2 an eye on the property market (outside London) knows that it is lies, propaganda and spin. The ones who don't know it is all lies and spin are currently stuck in 2 bed 'starter' flats and crappy government schemes.

The people without 1/2 and eye on the property market probably do not care either way.

The media have been lying for so long that the stories of price rises are blatantly not true for 99% of the population.

Share this post


Link to post
Share on other sites

From Twitter

"May HPI shows a monthly increase of 0.1%. Average house price in England and Wales is now £161,969. Full #HPI out 28 June"

Annual rise of 0.5% by my calculation.

Rather backs up the evidence CheeznBreed has posted showing shrinking mortgage lending.

Hmm, seems last month's figure has been revised up for a change, see last tweet from end of May.

Latest installment of the BBA figs due in a week or so, will the trend of slowing lending continue..?

-----

Land Registry ‏@LandRegGov 30 May

Our April HPI shows an annual price increase of 0.7%. Average house price in England & Wales now £161,458

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 238 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.