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rantnrave

Halifax House Price Index May 2017 UP 0.4%

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14 minutes ago, rantnrave said:

Make of that what you will...

I'm surprised, a state owned bank who's dishing out magiced up money says house prices rise the day before an election.

Weird.

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8 minutes ago, Bruce Banner said:

BBC News............. "House prices are still rising, they're just not rising as fast as they were".

Great news the day before an election...it'slike it was timed.

Not great news if you are young.

VOte these ****s out please

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14 minutes ago, TheCountOfNowhere said:

I'm surprised, a state owned bank who's dishing out magiced up money says house prices rise the day before an election.

Weird.

They havent been to my home town.New build 4 bed detached from 2005 have now fallen to £130k from £155k then.Not helping the new estates with 3 bed semis the same price.Without HTB not one of those would of sold.

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I think I'd prefer for people to remain sensible and discuss why a rise is happening realistically and not start saying it's spin because of the election.

Lasts months figures revised up and 0.4% rise this month doesn't fair us well.......

I was expecting a slight drop, around -0.2%

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5 minutes ago, Bhoy said:

I think I'd prefer for people to remain sensible and discuss why a rise is happening realistically

People love property. They'd rather be caught copulating with their pet dog than renting. 

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7 minutes ago, Bhoy said:

I think I'd prefer for people to remain sensible and discuss why a rise is happening realistically and not start saying it's spin because of the election.

Lasts months figures revised up and 0.4% rise this month doesn't fair us well.......

I was expecting a slight drop, around -0.2%

Look on the bright side all you pro-Brexit HPC'ers........with Brexit de facto confirmed as going ahead the Leave camp can point to house prices still rising and wag their fingers at the cry baby Remainers, who claimed there would be economic apocalypse, and go "Ner ner, ner ner told yah so...."  :-)

 

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After a run of good news, bit of a blow to see a +ve month in the Halifax results - still the annualised figure contines to drift down and that to me is the critical one. I just wish events would move faster - I've been waiting on a crash for so long and prolonged stagnation does nobody any good.

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11 minutes ago, Bhoy said:

I think I'd prefer for people to remain sensible and discuss why a rise is happening realistically and not start saying it's spin because of the election.

Lasts months figures revised up and 0.4% rise this month doesn't fair us well.......

I was expecting a slight drop, around -0.2%

Us ?

:lol::lol::lol:

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The BoE printed £100Bn and forced down IRs, seeing any -ve numbers right now is a surprise !!!!#

They're lending money to any f**kwite that wikll have it.#

Subprime looked prime in comparison to this madness

 

 

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5 minutes ago, AvoidDebt said:

People love property. They'd rather be caught copulating with their pet dog than renting. 

I disagree - There are 3.5 times the amount of BTL properties now than a decade ago.

More likely people:

  • British people can't afford to buy and have to rent
  • Migrants prefer to rent as they are here short term

Funny comment though, made me laugh.

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Someone please quickly remind me the basic differenc between the Nationwide anf the Halifax numbers, in the sense of what they are based on (sold prices? asking prices?)

Edited by anonguest

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16 minutes ago, Bhoy said:

I think I'd prefer for people to remain sensible and discuss why a rise is happening realistically and not start saying it's spin because of the election.

Lasts months figures revised up and 0.4% rise this month doesn't fair us well.......

I was expecting a slight drop, around -0.2%

 

It may or may not be a significant result.

For me, MOM negatives are nothing to get excited about until they have persisted long enough to start delivering YOY drops.

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6 minutes ago, anonguest said:

Someone please quickly remind me the basic differenc between the Nationwide anf the Halifax numbers, in the sense of what they are based on (sold prices? asking prices?)

Price of properties that they have provided mortgages on that month, so actual purchase transactions

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1 minute ago, Fatmanfilms said:

Price of properties that they have provided mortgages on that month, so actual purchase transactions

Ta.

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The interesting one is

Quarterly rate -0.2%

That's during the spring bounce after the £100 Bn Brexit Bonanzas, this a big drop considering that

Also, would like to see what London is doing now....

 

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Remember we still have the full effect of S24, Basel3 and actually leaving the EU to come. Real life isn't like a model where you can apply the change and receive instant gratification as you watch the falls ripple through.

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