Jump to content
House Price Crash Forum
Sign in to follow this  
TheCountOfNowhere

There has been a slowdown in the rise in house prices in Wales

Recommended Posts

You couldnt make this s**t up.

http://www.bbc.co.uk/news/uk-wales-40570162

 

"There has been a slowdown in the rise in house prices in Wales, according to the latest index by the Principality Building Society."

 

Here is that slowed down in "rises" in 1 easy to follow graph.

 

 

wales.png

 

"Its quarterly analysis shows that prices increased by 0.8% or £1,375 in the last year."

 

They're really trying to polish a turd.

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

Tom Denman, the Principality's chief financial officer said the housing market tended to adopt a cautious attitude when the future direction of the economy became uncertain.

"We can therefore expect to see further fluctuations in housing sales and prices, as potential purchasers weigh up the pros and cons of making what is one of the largest investment decisions of their lives," he said.

But he added that mortgage rates remained at historic lows and the market was "highly competitive" for those who did choose to buy"

Until the rates rise! More BS from the vested interests. I am getting sick of this. I just want a crash to fair value, then I can buy a house in England where I want to be and get on with my life.

Share this post


Link to post
Share on other sites

This headline:

 

"Its quarterly analysis shows that prices increased by 0.8% or £1,375 in the last year."

 

Coudl equaly read;

 

"prices increased by 1.0% or  f*ck all since the banking system collapse"

Share this post


Link to post
Share on other sites
6 minutes ago, bear.getting.old said:

Tom Denman, the Principality's chief financial officer said the housing market tended to adopt a cautious attitude when the future direction of the economy became uncertain.

"We can therefore expect to see further fluctuations in housing sales and prices, as potential purchasers weigh up the pros and cons of making what is one of the largest investment decisions of their lives," he said.

But he added that mortgage rates remained at historic lows and the market was "highly competitive" for those who did choose to buy"

Until the rates rise! More BS from the vested interests. I am getting sick of this. I just want a crash to fair value, then I can buy a house in England where I want to be and get on with my life.

You need a house to get on with your life ?

Jeese, get a grip, you've been watching too much BBC propaganda.

Share this post


Link to post
Share on other sites

I love how the only HPI growing areas in Wales are the ones with absolutely no economic activity. English retirees I guess. 

Anyone buying in Cardiff in 2005/6/7 will find that their house is now worth approx 0% more without even accounting for inflation. Amazing when you think of a decade of low rates.

Share this post


Link to post
Share on other sites
25 minutes ago, afly said:

I love how the only HPI growing areas in Wales are the ones with absolutely no economic activity. English retirees I guess. 

Anyone buying in Cardiff in 2005/6/7 will find that their house is now worth approx 0% more without even accounting for inflation. Amazing when you think of a decade of low rates.

Shocking.

Our futures have been thrown at gettign house prices to the same nominal levels as 2007 so that bank balance sheets say they are solvent.

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   90 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.