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

Ons - House Prices Drop Back....

Recommended Posts

"House prices in surprise monthly drop, says ONS"

Despite what the BBc were reporting this morning:

http://www.bbc.co.uk/news/business-24902895

"Figures from the Office of National Statistics (ONS) out later are expected to show UK house prices at a new record high."

Still they manage to spin this "surprise drop" as:

Annual inflation rose from 3.7% in August to 3.8% in September.

Across the UK regions, prices rose by 4.2% in England and 1.4% in Wales.

However prices fell by 1.1% in Scotland, and 1.5% in Northern Ireland.

Lets not forget:

"The ONS house price index, which is based on mortgage completions, gives a heavy weighting towards prices in London."

:lol::lol::lol:

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

I thought this quote was interesting;

By contrast, the survey shows declining interest from people wanting to rent accommodation.

The proportion of surveyors reporting a rise in interest from potential tenants was at its lowest for a decade.

Edited by fru-gal

Share this post


Link to post
Share on other sites

Lots of people sharing and subletting into their early 30's especially in London, it's bound to effect rents along with the bedroom tax. I expect a surprise scrapping of the bedroom tax any day now.

The front running of HTB is over now, price falls will resume their trend of below wage inflation.

Who's cleaver now then? Smug gits who thought must get on the ladder or get a BTL before prices rise.

Share this post


Link to post
Share on other sites

Lots of people sharing and subletting into their early 30's especially in London, it's bound to effect rents along with the bedroom tax. I expect a surprise scrapping of the bedroom tax any day now.

The front running of HTB is over now, price falls will resume their trend of below wage inflation.

Who's cleaver now then? Smug gits who thought must get on the ladder or get a BTL before prices rise.

I must admit, I did think about getting into the ponzi before HTB2 kicked off, but they kicked it off early.

The main issue was though I'd have bought if i had found something reasonably priced but that seemed to go out the door in April, way before HTB2 started, so I suspect the FLS money give away ( to banks and builders ) scheme caused any HPI this year.

I doubt, around northants, by December we'll have seen any price rises on average.

Share this post


Link to post
Share on other sites

That was "unexpected" :lol: (the fact they didn`t mention it I mean ;) )

Exactly, its what the do not mention like.

The price of stuff is still rising at 2.2% and it is things cost more than you paid last year.

house prices are more expensive meaning if you ever want to move you will have to take on more debt

etc..

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   209 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

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.