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Prepare For House Prices To Fall 0.6% During 2015

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nice to see an article not endlessly pumping, perhaps it's clear the market will crash and they want sheep to slow the decline by piling in 'to grab a bargain'

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I'd love to know from which particular area of thin air they pluck these figures.

Same bloke was quoted in The Times - article said that he was the only one to predict a fall.

If the thin air is a bit too foggy to see clearly, it's no wonder they all get different answers.

Edited by Mrs Bear

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0.6%!!!! Hold on to your pants!!!

It'll be interesting to see the psychology of the majority of the country when London prices start to drop and therefore the headline figures start to drop. I'm wondering if the market will remain stagnant, as it has been for the last 5 years or so, because people see London as separate from everyone else.

Can't wait for the BBC excuses if there are drops.

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Help to keep your home one coming up.

I wish that someone would explain to the young that successive governments are doing their level best to ensure that house prices are as expensive for them as possible. It means working harder, for longer. If they knew the truth they'd be very angry.

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wow a whole 0.6 %

would have been easier to say houses went up 8.2% , which is a complete lie as i know of places where house have gone up 50% in a few months and sold !

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0.6% is rather explicit, however I wouldn't say it was much of a fall just stagnation. Houseprice falls in the UK would cripple the GDP stats, no govt is going to allow any significant falls if they can help it.

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They could just be preparing the ground for some of the more usual headlines as the general election approaches - like house prices to rise 20%, 30%, 40% by this time next year etc so vote for the LibLabCon as only they know how to run the country and look how they turned things round since Christmas. Jokes like that.

Didn't they or their pals in the Express claim that this winter was going to be the worst winter ever this year - another worst winter ever like last year's. Still waiting but there's still time for it to happen.

Edited by billybong

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0.6% no less :rolleyes:.

Looks like an exercise in managing expectations. Rises are measured in percentage points, falls are measured in fractions of a percentage point.

I will take it, for at least it's one source in the media which is going against many other hpi-ers forever hpi recent projections for 2015, and some projecting forever HPI even further ahead.

Eg: Office for Budget Responsibility, Royal Institution of Chartered Surveyors (Rics), Capital Economics, IHS Global Insight, Halifax, Savills, Knight Frank, Rightmove's 30% HPI prediction over next 5 years.

http://www.telegraph.co.uk/finance/personalfinance/houseprices/11302001/House-prices-predictions-2015-what-next-for-property.html

Then again, into a new hpc will have to suffer 2008-2010 style excuses for those who believed the hpi-ers...outbidding others by hundreds of thousands of pounds in belief of forever hpi, and no personal responsibility for the debt they were forced to take on to outbid others. Even when the victims tell how they bought, doing spreadsheets to study how their houses will be worth fortunes more due to forever hpi, in years ahead, rubbing their hands at the prospect... have to hear claims that even those buyers were victims.

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I wish that someone would explain to the young that successive governments are doing their level best to ensure that house prices are as expensive for them as possible. It means working harder, for longer. If they knew the truth they'd be very angry.

Pretty sure many of them know the facts, internet age and all?

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I wish that someone would explain to the young that successive governments are doing their level best to ensure that house prices are as expensive for them as possible. It means working harder, for longer. If they knew the truth they'd be very angry.

For many though it just means staying with the parents rent free for longer, and then inheriting a house. The ones that should be really angry are those who borrowed tons of money thinking people in the future would do the same to bail them out :lol: They have been well and truly shafted by bankers who have by now retired somewhere nice and warm.

Edited by dances with sheeple

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For many though it just means staying with the parents rent free for longer, and then inheriting a house. The ones that should be really angry are those who borrowed tons of money thinking people in the future would do the same to bail them out :lol: They have been well and truly shafted by bankers who have by now retired somewhere nice and warm.

There's a few families I know off where there's less grandkids (2) than property owning grandparents (4, 3 houses).

Now the demographics have turned, the demand for housing will drop.

If it wasn't for that one-eyed tw@ts moronic tax credit system dragging a few mlllion families across Europe there would have been a massive drop off of property demand.

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For many though it just means staying with the parents rent free for longer, and then inheriting a house. The ones that should be really angry are those who borrowed tons of money thinking people in the future would do the same to bail them out :lol: They have been well and truly shafted by bankers who have by now retired somewhere nice and warm.

They made their own decisions, outbidding others. It was the same anti-crash 'it was the bankers than made victims borrow huge amounts' nonsense, which gave the authorities freedom to use stimulus, and why prices here are now up 30% above the old 2007 peak. Just seen more of the same outbidding and paying higher prices. Some of the old victims, happily become even smarter, renting out their original peaky house purchase that without 0.5%/QE etc they would have struggled to keep, whilst up-sizing to even nicer house.

The ones who should be angry are renter-savers. Let's not throw them under the bus (again). Not when Nationwide and others, just today, celebrating yet another year of epic house price inflation... There is no reason to keep polishing the shoes of homeowners as victims.

The 7.2% increase recorded over the year as a whole is modestly lower than

the 8.4% gain recorded in 2013.

Indeed, annual price growth in the capital continued to outpace every other region in the

UK, at 17.8% in Q4 (see chart).

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