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House Price Growth Picked Up In H2

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Looks like everyone was wrong--including the ODPM, Nationwide, Hometrack etc:


The index shows that house prices rose by 2.6% in the first six months of the year, while they jumped by 5.4% from July to November.
It said that the overall value of house prices nationally rose by 8% in the first eleven months of the year. This compares with an increase of 8.4% the same time last year.
But it points out that the rate of increase towards the end of 2005 is accelerating while price growth was slowing down this time last year.
The index also found that the cost of houses for first-time buyers has grown faster for the first 11 months of the year than for any other market sector.
Prices for first-time buyers have now risen by over 4% more than price growth nationally.
The price of houses for first-time buyers rose by 12.1% over the first 11 months of 2005 compared to an increase of 7.1% for second time buyers with the average price paid for a house by a first-time amounting to andeuro;248,113.
The house price index showed that national house prices rose by 1.2% in November. That was unchanged from October and was four times the rate the same time last year.

1.2% in November WOW!!!! Looks like 2005 never was a slow year but prices just kept on going UP UP and AWAY with 2006 looking like a return to HPI of 2004!

Any comments--could this be the biggest lie so far?

OOPS just noticed this was for Ireland! Shows you how jumpy one can get when reading such giddying spin. Anyway--for Ireland this looks like a slowdown from the previous year. They must be lagging the UK by about 12 months.

Edited by Realistbear

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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
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      • up 5%

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