rantnrave Posted August 30, 2018 Share Posted August 30, 2018 Here's hoping for a meaty fall... Quote Link to comment Share on other sites More sharing options...
wish I could afford one Posted August 30, 2018 Share Posted August 30, 2018 8 minutes ago, rantnrave said: Here's hoping for a meaty fall... I don't care any more - I'm off. Plan A didn't work out but Plan B is looking pretty darn fine. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 30, 2018 Share Posted August 30, 2018 3 hours ago, rantnrave said: Here's hoping for a meaty fall... Not the end of the world if it's not. But I really would like to know who is buying at new peaks with the bad media reports out there at the moment Quote Link to comment Share on other sites More sharing options...
warrior88 Posted August 30, 2018 Share Posted August 30, 2018 3 hours ago, rantnrave said: Here's hoping for a meaty fall... Would be surprised if there is any, they will use all tactics to window-dress figures. Quote Link to comment Share on other sites More sharing options...
adarmo Posted August 30, 2018 Share Posted August 30, 2018 I'm predicting flatline until the Brexit plan that is BRINO is announced and then I predict a rise in GBP/USD and v the EUR, lower inflation, more confidence and wage growth increasing for a time and of course house price inflation. Quote Link to comment Share on other sites More sharing options...
RomfordDon Posted August 30, 2018 Share Posted August 30, 2018 Down hopefully Quote Link to comment Share on other sites More sharing options...
nome Posted August 31, 2018 Share Posted August 31, 2018 (edited) 7 hours ago, inbruges said: Not the end of the world if it's not. But I really would like to know who is buying at new peaks with the bad media reports out there at the moment You're paying the typical house buyer far too much respect if you think they pay any attention at all to issues being reported with the property market, the wider economy, global interest rates, etc etc Most of these idiots don't even bother looking at comparable recent sold prices for their chosen home. Edited August 31, 2018 by nome Quote Link to comment Share on other sites More sharing options...
rantnrave Posted August 31, 2018 Author Share Posted August 31, 2018 -0.5 Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted August 31, 2018 Share Posted August 31, 2018 https://www.nationwide.co.uk/about/house-price-index/headlines Quote Link to comment Share on other sites More sharing options...
Barnsey Posted August 31, 2018 Share Posted August 31, 2018 Largest monthly drop since July 2012 ? Quote Link to comment Share on other sites More sharing options...
Monkey Posted August 31, 2018 Share Posted August 31, 2018 I wad thinking about this. What if Nationwide have been told to report the figures more realistic, as then the Tories can then say their new policy is working... Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted August 31, 2018 Share Posted August 31, 2018 Has last month's figure been revised up 0.1% to 0.7%? Quote Link to comment Share on other sites More sharing options...
Guest Posted August 31, 2018 Share Posted August 31, 2018 38 minutes ago, rantnrave said: -0.5 OK it is something, but all the economic and sentiment indicators are saying you have to be a 100% mug to be chancing so much money in buying property right now. Yes people will say "well some people don't think about cost and just want somewhere to live", which might be a little true. Then I would want to know why Banks and lenders are loaning money to idiots and I would personally suspect they don't mind taking risks because they know forever they will be "too big to fail"; Quote Link to comment Share on other sites More sharing options...
thewig Posted August 31, 2018 Share Posted August 31, 2018 Aren’t this outfit loaded up to the sally GUNNELS with subprime DEBTjunkies aka the greatest fools in history? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted August 31, 2018 Author Share Posted August 31, 2018 First time in four months a new peak price hasn't been set. Demand down and supply up too: Mortgage lending fell to £3.2bn in July, the lowest figure for 15 months, according to the Bank of England. http://www.propertyindustryeye.com/mortgage-lending-drops-to-disappointing-level-as-buyer-interest-falls-away/ Mortgage approvals for house purchase dipped to 65,000, while the number of approvals for remortgages fell 5.5% to 45,000. Estate agent Jeremy Leaf said the figures were disappointing “in that they reflect a period when we would have expected a pick-up in the market over the spring buying season”. John Eastgate, sales and marketing director at OneSavings Bank, said: “Buyer activity remains pretty depressed as the market comes to terms with economic uncertainty on top of existing obstacles of a lack of supply and increasing affordability challenges.” Separately, NAEA Propertymark said that in July the number of properties available per estate agency branch rose for the third consecutive month, from an average in 33 in April, to 37 in May, to 39 in June, and to 41 last month. Measured year on year, this is 17% up on July last year, when agent branches had an average of 35 properties. While supply rose, demand shrank for a second month running, to 303 applicants per branch. However, the NAEA said this was entirely in line with seasonal trends. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 31, 2018 Share Posted August 31, 2018 (edited) 49 minutes ago, rantnrave said: Demand down and supply up too That's the big one for me. What have I been saying for several weeks now, it has been so noticeable the For Sales signs I have seen going up with few Sold signs. I cover the North Herts, south Cambs area a lot, travel 100's even 1000 miles a week sometimes, there is a big difference, biggest I have seen a decade plus, something is happening Edited August 31, 2018 by Guest Quote Link to comment Share on other sites More sharing options...
chronyx Posted August 31, 2018 Share Posted August 31, 2018 4 minutes ago, inbruges said: That's the big one for me. What have I been saying for severak weeks now, it has been so noticeable the For Sales signs I have seen going up with few Sold signs. I cover the North Herts, south Cambs area a lot, travel 100's even 1000 miles a week sometimes, there is a big difference, biggest I have seen a decade plus, something is happening At last. They weren't exaggerating with the whole 'oil tanker' simile. Quote Link to comment Share on other sites More sharing options...
Doner Kebab Posted August 31, 2018 Share Posted August 31, 2018 1 hour ago, rantnrave said: -0.5 Thanks rantnrave. Happy with that. The summer of delusion is hopefully now over. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted August 31, 2018 Share Posted August 31, 2018 'Affordability challenges.' Quote Link to comment Share on other sites More sharing options...
doomed Posted August 31, 2018 Share Posted August 31, 2018 11 hours ago, inbruges said: But I really would like to know who is buying at new peaks with the bad media reports out there at the moment That would be me. In the process of buying now and expect to exchange contracts in next 2 weeks. I am acutely aware of the fact it is very likely I will lose money at some point on this purchase but so sick of waiting. An opportunity came up to buy a house that we could stay in forever in an area where they don’t often come up for sale. Quote Link to comment Share on other sites More sharing options...
Voice of Doom Posted August 31, 2018 Share Posted August 31, 2018 27 minutes ago, zugzwang said: 'Affordability challenges.' Yes. The tortured language is as satisfying as the negative number. By spring next year their Big Book Of Eupemisms will be falling apart through over-use. Or, should I say, it will having "book sustainability issues." Quote Link to comment Share on other sites More sharing options...
ElPapasito Posted August 31, 2018 Share Posted August 31, 2018 (edited) My gut tells me, looking at the trend in the final table in the report that there is a stepping down from the 2 - 3% price inflation channel it has been in since Apr-17. The Sep / Oct / Nov releases have usually been low monthly figures. ALL of the annual inflation happens in Mar to Jun with the rest of the year being moribund. . Edited August 31, 2018 by ElPapasito Quote Link to comment Share on other sites More sharing options...
rantnrave Posted August 31, 2018 Author Share Posted August 31, 2018 Strip away seasonal adjusting, and this is a fall in the average headline price of more than £2,000, ie, a greater than 1% fall Quote Link to comment Share on other sites More sharing options...
Lord D'arcy Pew Posted August 31, 2018 Share Posted August 31, 2018 1 hour ago, zugzwang said: 'Affordability challenges.' Only the challenged believe prices are affordable. Quote Link to comment Share on other sites More sharing options...
Doner Kebab Posted August 31, 2018 Share Posted August 31, 2018 At the least BBC are running with it. 'Modest drag' - I fackin hate that one. https://www.bbc.co.uk/news/business-45367350 Quote Link to comment Share on other sites More sharing options...
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