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Realistbear

House Prices Rising At Slowest Rate In Nine Years

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http://uk.biz.yahoo.com/051209/94/fywro.html

Financial Times

Friday December 9, 03:59 PM

"House prices rising at
slowest rate in nine years
House prices have not risen since February, bringing the annual rate of inflation down to its lowest level since June 1996, according to the Financial Times house price index, the most reliable guide to prices paid in the property market.
Prices in November were 2.1 per cent higher than a year earlier and have been broadly stable for the past three months, rising by only 0.2 per cent since September.
House prices are
now rising slower than the rate of inflation
and well below the rate of average earnings growth.
There is no sign of a housing crash. (yeah right...)
Instead, the market seems to have stabilised close to the high level it reached in February."

It would appear that Halifax and Nationwide got it wrong again. :lol:

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The full FT farticle:

http://news.ft.com/cms/s/0904672c-6807-11d...00779e2340.html

"Gary Styles, Chief Economist and Chairman of Acadametrics, the consultancy that complies the FT house price index said: “Our index has hardly changed in the last three months and this is very consistent with reports from estate agents of sticky house prices in most regions. Higher levels of mortgage activity and housing transactions have not been translated into higher house prices.”

The market is going down despite increased mortgage activity? Momentum to the downside must be breaking down resistance. Looking good folks. :D

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http://uk.biz.yahoo.com/051209/94/fywro.html

Financial Times

Friday December 9, 03:59 PM

"House prices rising at
slowest rate in nine years
House prices have not risen since February, bringing the annual rate of inflation down to its lowest level since June 1996, according to the Financial Times house price index, the most reliable guide to prices paid in the property market.
Prices in November were 2.1 per cent higher than a year earlier and have been broadly stable for the past three months, rising by only 0.2 per cent since September.
House prices are
now rising slower than the rate of inflation
and well below the rate of average earnings growth.
There is no sign of a housing crash. (yeah right...)
Instead, the market seems to have stabilised close to the high level it reached in February."

It would appear that Halifax and Nationwide got it wrong again. :lol:

Hi,

Mark this date in your diary. This is a date in History that will remembered around the world, studied in universities and disected for decades, nay centuries, the time when the UK - yes! the UK of all places, with its notoriously unstable property market - found the cure for economic cycles, the elixia of economic life, for markets to rise and fall never henceforth. Only mild stagnation punctuated with modest ralies. I believe, lord I believe in the power of stagnation!

So I am just waiting for cancer to be cured tomorrow, the energy crises to be solved and world hunger to be eradicated and any other problems that have vexed humanity for the past few thousand years.

Boomer

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  • 301 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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