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Latest Nationwide results out tomorrow.

A modest fall or even no movement will see Annual % Change go negative for the fist time in a very long time.

March has been negative for the last 2 years so no doubt a stonking big rise on the cards then🤡

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I hope its a big fall but Nationwide are dreadful property rampers so I fear the worst.  Don't worry though as their top bod will still be pulling in around £2 million a year.

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Nationwide generally has bigger exposure down south if memory serves, so may show a small fall.

It is going glacially though - be interested to hear from removals owners or the like what they are seeing in different regions.

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23 hours ago, Ghostly said:

Definitely going to be +5.9%. 

Halifax boss picks up the phone to Nationwide boss: "yeah, our figures are looking dodgy, you need to state somewhere in the vicinity of 4-6% a MONTH ok? Cheers mate." 

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They have tried to play the long game, but have painted themselves into a corner.  Positive and further lose of “credibility”, Negative impacts on YoY figure.  My guess is Positive, and brass it out.

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13 minutes ago, PalmerEldritch said:

It’s a miracle.

Up 0.2 in the month and 0.7 year on year. The VI’s can rest easy for another month...

0.2% you say? But I thought we had the biggest growth in house prices EVER this month, that is what the Halifax was saying anyway.

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15 minutes ago, PalmerEldritch said:

It’s a miracle.

Up 0.2 in the month and 0.7 year on year. The VI’s can rest easy for another month...

Hey everyone, we can shut the website. House prices are not actually high and these reports are just "ministry of truth" style propaganda from vested interests.

I'm off to buy an affordable house.

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29 minutes ago, Voice of Doom said:

Annual price falls in London and South East.

London: Annual % change this quarter.

-3.8%

 

Yes but still 50% higher than at the end of bubble 1 in 2008. At this rate it will be another decade just to get back to ‘ridiculously overpriced’ from ‘insanely overpriced’. Let’s hope the BTL capitulation snowballs soon. I’m already seeing a couple of auction entries on Zoopla for the first time I can remember in N2.

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"“Northern Ireland remained the strongest performing home 
nation in Q1, although annual price growth softened to 3.3%, 
from 5.8% last quarter. Scotland saw a slight pick up in 
annual price growth to 2.4%, while Wales saw a marked 
slowing in growth to 0.9% (from 4.0% last quarter). 
Meanwhile, England recorded its first annual price fall since 
2012, with prices down 0.7% compared with Q1 2018, driven 
by declines in the South East of England (see chart below)"

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  • 293 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
      • up 2.5%
      • up 5%



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