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DeepLurker

Rejoice! Average House Price Reaches £175,000

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Can't believe that I'm posting a link before IRRO...

Telegraph reports on house prices

House prices grew to an average of £175,546 in the three months to January, up 7.3pc compared to the same period a year ago, according to Halifax.

The UK’s biggest mortgage lender said house prices climbed 1.1pc in January following a 0.5pc fall in December caused by seasonal factors.

The figures will further fuel concerns that a house price bubble is emerging, however prices are still 12pc below the peak of £199,612 in August 2007...

More at the link.

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you can just see it up and down the country...

"great news, the housing market is back to normal, i knew we were right not to sell at 20 % under asking price. how smart am i. time to sell up now and cash in for our retirement. those savvy buyers will snap my hand off now they realise my asking price is the normal price."

savvy homeowner ready to cash in on their unearned untaxed free money.

what can possibly go wrong.,.

:lol:

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I don't get why a rise in price warrants celebration as it equates to higher cost of living. You don't see many people smug when petrol/Diesel goes up, or milk, bread etc...

Frustrating.

theres only a small number of vi types celebrating now.

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I don't get why a rise in price warrants celebration as it equates to higher cost of living. You don't see many people smug when petrol/Diesel goes up, or milk, bread etc...

Frustrating.

#costoflivingcrisis

Contradictions everywhere.

Imagine the country had we not had the meteoric house price rises under Brown, and something more gentle. Would we be richer or poorer for it if average houses were pushing £100,000.

Edited by tinker

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Nicholas Ayre, managing director of homebuying agency Home Fusion, said: “The definition of a house price bubble is when people will pay anything for a property. This is not what we are seeing here.”

Seriously, what does that even mean? What is classed as 'anything'? The many buyers (I hear) that are putting in offers well above asking price, that is not his definition I take it.

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Seriously, what does that even mean? What is classed as 'anything'? The many buyers (I hear) that are putting in offers well above asking price, that is not his definition I take it.

You think anyone with a vested interest in the property industry is going to say there is a bubble?

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