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Im confused - Are house prices going up or down?


999house
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14 hours ago, Tapori said:

That is a fantastic mine of history

Eeery  how similar it is.

Its just brilliant

Then

 

FRI 20 MAY 1988 - The Times

House prices up 50%; Norwich; Focus

One inevitable side-effect of Norwich's having joined the south-east economic boom is a sharp rise in house prices. According to Arnold Son & Hockley, a firm of chartered surveyors, there have been increases of up to 50 per cent in the last year alo...

Now

https://www.thetimes.co.uk/article/nightclub-owner-alex-proud-on-why-norwich-could-be-the-next-notting-hill-mr0hl8rd0

Can provincial Norwich really be cool? After casting an expert eye over the city, Alex Proud reckons it could be the next big thing. Get in now for less than £200,000

 

The North going up and London going first etc etc its all in there quite amazing.

If this was a template then we are less than a year from proper falling prices and crash game on in 12 months 

 

 

 

Edited by Fromage Frais
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5 hours ago, Fromage Frais said:

Its just brilliant

Then

 

FRI 20 MAY 1988 - The Times

House prices up 50%; Norwich; Focus

One inevitable side-effect of Norwich's having joined the south-east economic boom is a sharp rise in house prices. According to Arnold Son & Hockley, a firm of chartered surveyors, there have been increases of up to 50 per cent in the last year alo...

Now

https://www.thetimes.co.uk/article/nightclub-owner-alex-proud-on-why-norwich-could-be-the-next-notting-hill-mr0hl8rd0

Can provincial Norwich really be cool? After casting an expert eye over the city, Alex Proud reckons it could be the next big thing. Get in now for less than £200,000

 

The North going up and London going first etc etc its all in there quite amazing.

If this was a template then we are less than a year from proper falling prices and crash game on in 12 months 

 

 

 

I doubt it's a template, I bought a house in July 1988 for 30k in Derbyshire, by April the following year it was 45k. Like then East Anglia had boomed and the north ( like now) had experienced nothing of the ripple. If it follows then the north is about to experience a boom.

I actually think this time is different and the ripple got stuck around Northampton with the boom jumping to a few urban hubs like Manchester and N Cheshire. Migration and BTL has been the driver this time not a booming enonomy as in 88. In the north migration has been next to zero.

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