interestrateripoff Posted June 19, 2013 Share Posted June 19, 2013 House prices rise by £9,000: average value soars to £238,000 The Office for National Statistics said yesterday that the average UK house price in April was £238,000 – up £9,000 from the same month in 2012.That is further evidence of a resurgent property market. David Newnes, director of LSL Property Services, said: “The housing market is crackling with electricity at the moment.” He praised the Government’s Help to Buy and Funding for Lending schemes, as well as record low interest rates, for the rise in prices nationwide which are heavily bolstered by London and the South-east. Mr Newnes said: “They have increased the voltage in the mortgage market which has energised first-time buyer lending and sparked the house purchase market back into some sort of life. “Rates on first-time buyer mortgages have fallen and banks are more willing to lend to borrowers with deposits of 15 per cent or less – borrowers who didn’t have a look-in 12 months ago. “While lenders are still cautious, they are at least cautiously optimistic, which is good news for prospective buyers.” First-time buyers and soaring prices in London and the South-east are driving the recovery with values up in the capital by an astonishing six per cent. The express jizzing all over it's pants. Higher prices it appears energise the first time buyer... Quote Link to comment Share on other sites More sharing options...
chronyx Posted June 19, 2013 Share Posted June 19, 2013 Higher prices it appears energise the first time buyer... So would stick your finger in a plug socket. Quote Link to comment Share on other sites More sharing options...
Billy soy Posted June 19, 2013 Share Posted June 19, 2013 truly shocking news. Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted June 19, 2013 Share Posted June 19, 2013 It's a pretty big punt to take on a 25-year loan on that type of house price assuming that interest rates won't rise during that period. Quote Link to comment Share on other sites More sharing options...
Giordano Bruno Posted June 19, 2013 Share Posted June 19, 2013 I reckon we should all rush in and fill our boots! No. I'm only joking. Quote Link to comment Share on other sites More sharing options...
Mr X Posted June 19, 2013 Share Posted June 19, 2013 Must be some kind of bright spark. Quote Link to comment Share on other sites More sharing options...
Mr X Posted June 19, 2013 Share Posted June 19, 2013 House prices rise by £9,000: average value soars to £238,000 The express jizzing all over it's pants. Higher prices it appears energise the first time buyer... A reaction to the various defibrillators perhaps? Quote Link to comment Share on other sites More sharing options...
Dorkins Posted June 19, 2013 Share Posted June 19, 2013 Quote Link to comment Share on other sites More sharing options...
Coffeehead Posted June 19, 2013 Share Posted June 19, 2013 That was better than what came next Quote Link to comment Share on other sites More sharing options...
Supertop Posted June 19, 2013 Share Posted June 19, 2013 "David Newnes, director of LSL Property Services, said: “The housing market is crackling with electricity at the moment.” Based on this quotation, I would like to kill him. Quote Link to comment Share on other sites More sharing options...
Tonkers Posted June 19, 2013 Share Posted June 19, 2013 (edited) "David Newnes, director of LSL Property Services, said: “The housing market is crackling with electricity at the moment.” Based on this quotation, I would like to kill him. Faulty wiring? I forget, is there an hysteria phase? Edited June 19, 2013 by Tonkers Quote Link to comment Share on other sites More sharing options...
Mr 0.01% Posted June 19, 2013 Share Posted June 19, 2013 “They have increased the voltage in the mortgage market which has energised first-time buyer lending and sparked the house purchase market back into some sort of life." What a bell-end. Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted June 19, 2013 Share Posted June 19, 2013 “They have increased the voltage in the mortgage market which has energised first-time buyer lending and sparked the house purchase market back into some sort of life." What a bell-end. Hmm. Quote Link to comment Share on other sites More sharing options...
Mr 0.01% Posted June 19, 2013 Share Posted June 19, 2013 Hmm. A picture tells a thousand words... Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted June 19, 2013 Share Posted June 19, 2013 A picture tells a thousand words... I'm sure once the data from May and June is in, it'll shoot right up though.. Quote Link to comment Share on other sites More sharing options...
plummet expert Posted June 19, 2013 Share Posted June 19, 2013 House prices rise by £9,000: average value soars to £238,000 The express jizzing all over it's pants. Higher prices it appears energise the first time buyer... Well, there are sales going on, but the idea that prices are more than holding their own/nudging up, is rubbish. LOTS of properties just sitting there month after month and revolving around agents. It's nothing like a frenzy. The FFLS is a moronic policy as is help to buy. The bubble has never deflated from the last time, so the stupid govt wants to put up house prices and forget that its inflation which makes us poorer - but house prices are not in the basket of goods for CPI, so that's handy. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted June 19, 2013 Share Posted June 19, 2013 “They have increased the voltage in the mortgage market which has energised first-time buyer lending and sparked the house purchase market back into some sort of life." What a bell-end. Quote Link to comment Share on other sites More sharing options...
porca misèria Posted June 20, 2013 Share Posted June 20, 2013 Higher prices it appears energise the first time buyer... They do. The fear of higher prices is a powerful incentive to Get In Quick. Quote Link to comment Share on other sites More sharing options...
billybong Posted June 20, 2013 Share Posted June 20, 2013 (edited) “They have increased the voltage in the mortgage market which has energised first-time buyer lending and sparked the house purchase market back into some sort of life. and just look where that sort of stuff got Doctor Frankenstein. Edited June 20, 2013 by billybong Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted June 20, 2013 Share Posted June 20, 2013 They do. The fear of higher prices is a powerful incentive to Get In Quick. Ah yes, like dotcom shares in early 2000. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted June 20, 2013 Share Posted June 20, 2013 That was better than what came next That's the next stage of Help to Buy Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.