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Guest The_Oldie

House Prices Up By £2,000 In One Week

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Guest The_Oldie

The roundup of tomorrow's papers included the Express headline....."HOUSE PRICES UP BY £2,000 IN ONE WEEK".

The story was discussed, but they didn't say where the figures came from. It was pointed out that this is good news for the economy, but bad news for anyone not on the housing ladder. The article said that the rise was caused by first time buyers seizing the opportunity of the quiet time over Christmas to get onto the property ladder.

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The roundup of tomorrow's papers included the Express headline....."HOUSE PRICES UP BY £2,000 IN ONE WEEK".

The story was discussed, but they didn't say where the figures came from. It was pointed out that this is good news for the economy, but bad news for anyone not on the housing ladder. The article said that the rise was caused by first time buyers seizing the opportunity of the quiet time over Christmas to get onto the property ladder.

the same lot who printed "house prices slump" a few months ago

why not add "quick, buy now before its too late" !!!

wednesdays fish and chip paper...

Edited by sign_of_the_times

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Baroness Billingham ventured that if prices can leap like this in quiet January, it rather points to a boom come March and April - great news for the economy.

It was also stated by the political commentator alongside her that privately Gordon Brown will smile with relief when he reads this headline - so much for the Tories touting a crash in house prices !

Such deep analysis, they couldn't print it if it wasn't true, erm.

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The roundup of tomorrow's papers included the Express headline....."HOUSE PRICES UP BY £2,000 IN ONE WEEK".

The story was discussed, but they didn't say where the figures came from. It was pointed out that this is good news for the economy, but bad news for anyone not on the housing ladder. The article said that the rise was caused by first time buyers seizing the opportunity of the quiet time over Christmas to get onto the property ladder.

2K! how do they get away with it. The real figure is 224 of our English pounds since July!

http://firstrung.co.uk/articles.asp?pageid...articlekey=1161

I`m beginning to lose faith in the relevance of any of these stats. anymore, its getting boring quite frankly, de-bunking them is starting to get tedious, far too time consuming... :(

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This isn’t helping our cause much! :angry:

how am I going to knock 30% off with

all this bullsh!t being peddled. :huh:

Scary thing is... those that wish to believe will believe.

I can imagine the look of horror on some EA’s faces

this morning knowing they are going to get the blame

for not selling a perfectly reasonably priced property.

From some angry vendor.

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Everyone trying to sell their house in the last 6 months knows this isn't true.

Every EA strugling to keep their payments up on the Lexus and keep their own BTL portfolio afloat knows this isn't true.

The people who published it know that (house prices in the UK went up £2k in a week) isn't true.

Does anyone on hear or you know think this is true.

The housing market is not like any other its iliquid, fragmented and full of amature investers be they home owners, traders/flippers, developers or BTL landlords.

You will see headlines like this again as it sells papers.

It will not make any differance to what is about to unfold.

Pablo Silver or Lead?

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Guest The_Oldie

Does anyone know where they got this figure from, was it a press release from one of the VIs or something dug up by the Express themselves?

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But people aren't earning anymore. Ok, so some are, but not all of us are City investment bankers.

The only way the majority will be able to keep up with this rise in house prices (assuming it's true) is to borrow more.

Grant Thornton (FA's) predict (I think conservatively) that 20,000 will declare themselves insolvent in first quarter of 2006 - the highest since records began 45 years ago.

No wonder Debt Free Direct and Accuma shares have been going ballistic.

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the same lot who printed "house prices slump" a few months ago

why not add "quick, buy now before its too late" !!!

wednesdays fish and chip paper...

I would have expected more..

After all with FTB's down to 7%, Sipps gone and BTL mortgage providers suggesting against and preventing new build properties being bought to rent out the bottom cheaper end of the market has never had such a concentrated hit in any of the previous corrections..

I Thought Sipps would have immediatly pushed the "average" selling price much higher...

and don't forget, asking prices in rightmove.

They reckon that people are taking 9% below asking price.

So this added to whatever rises they have talked about in asking prices still shows a year on year negative in selling price.

Edited by apom

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Guest Charlie The Tramp

How to sell a newspaper if circulation is falling.

First create a striking good news headline, and further good news by advertising a price reduction just for that day, an old Fleet Street come on. ;)

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How to sell a newspaper if circulation is falling.

First create a striking good news headline, and further good news by advertising a price reduction just for that day, an old Fleet Street come on. ;)

...add a hot piccy of posh and voila!

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RIGHT.

And no one can sell at those new "higher prices"

Mark it up, and see if they will buy.

Vendors will try anything

Its done to create an illusion of a pre-Spring bounce. Sign of sheer desparation in a market that has nowehere to go but down. Affordability is already beyond breaking point so another inflationary period is not on. All I can go by is what I see and around here I am seeing 10k+ mardowns following no-sales prior to Christmas.

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they are pretty desperate. they have been running a REALLY sad ad campaign on TV recently...

yound bloke, cropped hair 'he makes his own mind up'...

yound sexy woman in a suit 'so does she'...

Greying busineman type 'he doesnt follow the herd'

you get the picture

tagline "They All Read The Daily Express"

LMFAO

they'll be printing 'Elvis found on moon' headlines soon - wont do em any good. After all, if you want to read the daily mail, buy the daily mail, not a VERY substandard clone.

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Guest The_Oldie

This figure has come from Estate Agents. Up to a few months ago, they were telling prospective purchasers that property prices would rise in 2006 due to a "wall of money" coming into the market through SIPPS. Now domestic property will not enjoy tax benefits in SIPPS pensions, how do the EAs pump up the market.........?

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Quote from the Overview in Righmove's House Price Index 16th Jan. 2006, " The weekly increase of £2,048 is calculated using 29,705 properties new to the market since the turn of the year, representing over 60% of all properties advertised by estate agents".

If that is true then it must mean that a large number of expectant vendors entered the market this year to add to the already large numbers of existing vendors. Plus these new vendors are more expectant. Does the 60% refer to Rightmoves share of the "For Sale" market or does it refer to the 29,705 new properties as a proportion of the properties available for sale, I wonder.

KT

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the same lot who printed "house prices slump" a few months ago

why not add "quick, buy now before its too late" !!!

wednesdays fish and chip paper...

The Express alternate between house prices and Princess Di to sell papers, seems to keep them afloat but surely no one takes them seriously?

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The Express alternate between house prices and Princess Di to sell papers, seems to keep them afloat but surely no one takes them seriously?

I hope you are right as this sensationalist crap can't help FTBs cause at all.

I personally think the journalist responsible should be severely reprimanded for this SH1T.

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There were loads of people took their property off the market in December and put it back on in the new year. They have taken the opportunity to chance their arm by adding a few k to their asking price. Some may be lucky but most will return to their original price after a few weeks.

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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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