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Realistbear

U K Rate Of Hpi Up Over 250%

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The most up-to-date survey based on asking price, issued on Monday by Rightmove, showed the annual rate of house price inflation rising from 1.5% to 4%.

http://news.bbc.co.uk/1/hi/business/4456696.stm

Massive increase in the rate of inflation from 1.5% to 4%. Could it be that HPI is rising faster than ever despite a slowing economy, rising unemployment, record debt, accelerating repossession rates, increasing number of homes on the market, slowing sales being reported by builders, bursting housing bubbles around the world, falling stirling from an average of 1.85 to the US dollar to 1.71 today, rising interest rates in the US and the EU. . . .

:blink:

Oops, just had to edit--didn't notice that the massive increase was based on "asking prices" not actual prices obtained. Just goes to show that the statistics published by the VIs are based on illusion and not reality!

Edited by Realistbear

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  • 336 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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