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When Will This End? Land Reg Up 1.7% Mom

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Land reg would, surely, only turn down after Nationwide Halifax Rightmove do - it is the most lagging indicator that is widely available (but probably the only one with any degree of reliable accuracy)

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It'll stop when people can't pay or people can't sell. The madness will most likely continue for a short while after these points have been reached.

Unless the average Joe becomes much better off, we are going to find the limit at some point.

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Random observation - the July Land Reg figure is normally one of the strongest monthly increases each year. Some seasonal adjusting / methodology impact?

Don't know but likely last month will be revised to about 4.9% yoy to get that price and mom.

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How does it end?

Some one has a party and then when it`s finished each guest is given a brand new Buick V8 to drive home in. (story from 1929)

Something like that anyway.

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I think if anyone really wants to buy property in the UK, might as well buy sooner (even now) than later. I think the market will be a mix of small rises, flat prices, then a "crash" of 10 to 20%, then rises in following years that exceed that crash. Personally I think timing those types of crashes seems like putting your life on hold for a smallish saving (given the multi-year wait of renting).

God I hope I'm wrong, but too cynical now to actually think house prices would ever be truly affordable again and unlock the wider economy and things get back to "normal". Western governments like us being slaves too much for that to happen.

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Low sales volume with the equity rich swapping equity...its going to be a long time before it ends

If the new tax changes concerning BTL (traditionally the bottom of the market) puts a brake on this sector buying and supporting the bottom end the numbers could well be skewed even further

If the BTL brigade capitulate then it`s a totally different out come

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so if there are houses all around mine been for sale for nearly two years now how does that work then? Does that mean the ones that haven't sold are now worth even more :)

They'll sell when the market price rises enough to meet their inflated asking prices.

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I think if anyone really wants to buy property in the UK, might as well buy sooner (even now) than later. I think the market will be a mix of small rises, flat prices, then a "crash" of 10 to 20%, then rises in following years that exceed that crash. Personally I think timing those types of crashes seems like putting your life on hold for a smallish saving (given the multi-year wait of renting).

God I hope I'm wrong, but too cynical now to actually think house prices would ever be truly affordable again and unlock the wider economy and things get back to "normal". Western governments like us being slaves too much for that to happen.

I would say it all depends on what part of the country you live in

There's people allegedly in the know on this site predicting IO loans even for BTL are soon to be a thing of the past that WILL be the end of BTL no if`s no but`s,

then its back to MMRx local wage and 10-20% is not going to cut the mustard

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Oh make no mistake about it, they will cream off deposits, then pensions then clutch at everything as they go down.

There is always a tipping point where violence kicks off and they will shoot you and take your shit if it ever went that far.

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If the gold price and the oil price drops are anything to go by then house prices are likely next on the list. The process is probably already underway as evidenced by the stats published on HPC in the last few months but they would have started to clearly crash about the same time as oil and gold but for the UK electioneering which has now served its purpose - for the time being.

2015.75 seems as good a starting point as any for it to end - but the exact date might only be recognised in hindsight.

Edited by billybong

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That makes me £14k up this month, Im a part time handy man with 4 houses :wacko: , in the South West all ive seen in big rises,insane,when it goes pop it will be messy

LOL...It must be all of that money that people have sloshing around,

Tell all of those reducing by 10-20% nationwide IAW Property Bee.

Better still tell all those vendors with property on the market for years at an end.

Behave!

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It'll stop when people can't pay or people can't sell. The madness will most likely continue for a short while after these points have been reached.

Unless the average Joe becomes much better off, we are going to find the limit at some point.

Unlikely. So long as people keep coming on at the bottom, prices will rise, and with Help to sell being increased every budget, that wont stop.

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The banks seem to be giving out dodgy loans again. I personally know of two couples, both expecting kids who have been approved within the last 6 months on shared ownership mortgages. One of the people involved had been in severe debt problems (failed business and two other kids on maintenance).

Both couples only have one real earner taking home about £25k and have been lent around £100k each! And they have rent to pay each and every month + up keep and one of them is leasehold.

Looks like the subprime has reemerged on a smaller scale.

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The banks seem to be giving out dodgy loans again. I personally know of two couples, both expecting kids who have been approved within the last 6 months on shared ownership mortgages. One of the people involved had been in severe debt problems (failed business and two other kids on maintenance).

Both couples only have one real earner taking home about £25k and have been lent around £100k each! And they have rent to pay each and every month + up keep and one of them is leasehold.

Looks like the subprime has reemerged on a smaller scale.

Would this be HTB purchases (new build) buy any chance ?

I know of some who has used the Welsh version of HTB and from what i can make of it ,it sounds like a liar loan Mk2 almost 6 times joint income including tax credits with 5% down (im assuming it was 5% down as thats what the scheme requires)

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If the gold price and the oil price drops are anything to go by then house prices are likely next on the list. The process is probably already underway as evidenced by the stats published on HPC in the last few months but they would have started to clearly crash about the same time as oil and gold but for the UK electioneering which has now served its purpose - for the time being.

2015.75 seems as good a starting point as any for it to end - but the exact date might only be recognised in hindsight.

This, for London certainly which is being treated as a commodity

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Yes and both shared equity also with monthly rent of about £250 on top of maintenance and repayments.

Hmmm i think someone`s cooking the books

The couple i know of were refused a 120K mortgage @90%ltv for the purchase of a secondhand house but weeks later bought a new build through HTB for 175 k

Edited by long time lurking

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