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House Price Crash Forum

Land Registry Dec '19 (released Feb '20)


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Noticed:

"The UK Property Transactions Statistics for December 2019 showed that on a seasonally adjusted basis, the estimated number of transactions on residential properties with a value of £40,000 or greater was 104,670. This is 6.8% higher than a year ago. Between November 2019 and December 2019, transactions increased by 6.2%."

Who knows how the madness will end, although Rant is right - that's what the governent will be hoping for - prices consistently and persistantly undershooting inflation.

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55 minutes ago, rantnrave said:

House Price Inflation supposedly running at 2.2%

Wage growth supposedly running at 3.2%

Soft landing which the TPTB will be happy about - if they can keep this going for another decade at least...

+1

only at this rate it'll need to be more like 4-5 decades :)

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Reported in BBC

https://www.bbc.co.uk/news/business-51559340

 

"The second highest value region, the South East, experienced the lowest annual growth, which is great news for potential home buyers looking to get a foot on the housing ladder in this part of the country," said Anna Clare Harper, co-founder of property fund Anglo Residential.

Yes house prices are going up..."great news".  Buy now.

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1 hour ago, rantnrave said:

House Price Inflation supposedly running at 2.2%

Wage growth supposedly running at 3.2%

Soft landing which the TPTB will be happy about - if they can keep this going for another decade at least...

The national figures are hiding an epic house price to wage ratio in London/SE. A soft landing there would be something like a 5-6 percentage point difference between wage growth and HPI for a decade.

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2 hours ago, Dorkins said:

The national figures are hiding an epic house price to wage ratio in London/SE. A soft landing there would be something like a 5-6 percentage point difference between wage growth and HPI for a decade.

Agree

Not commutable from London (non honeypot location) = expensive but max borrow + cheap mortgage.

Commutable from London = Expensive + bubbly

London = still bubble 

Edited by Fromage Frais
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5 hours ago, rantnrave said:

House Price Inflation supposedly running at 2.2%

Wage growth supposedly running at 3.2%

Soft landing which the TPTB will be happy about - if they can keep this going for another decade at least...

2.2% of £400k is a lot more than 3.2% of 25k......£25k is taxed.?

Edited by winkie
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Sales volumes up - is this a sign that some landlords are selling up (have seen a few locally going to FTBs but the plural of anecdotes is not data! hence would be good to confirm if this is a regional/national picture).

 

I'm still struggling to understand buyer finances unless the majority of FTBs have parental /inheritance support

 

Edited by koala_bear
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21 minutes ago, koala_bear said:

Sales volumes up - is this a sign that some landlords are selling up (have seen a few locally going to FTBs but the plural of anecdotes in not data! hence would be good to confirm if this is a regional/national picture).

 

I'm still struggling to understand buyer finances unless the majority of FTBs have parental /inheritance support

 

Anyone in the mortgage industry throw a light on this??

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  • 419 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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