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Realistbear

Nationwide: Hpi Rockets To 12% In Cambs

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http://www.cambridge-news.co.uk/news/regio...493211161a2.lpf

House prices up by 3.4%

THE housing market in Mid-Anglia is on the move again, according to new figures.
The Halifax reckons that house prices since January have risen 3.4 per cent - compared with a total price rise over the last year of 4.1 per cent.
And the Nationwide claims that house price inflation in South Cambridgeshire is back at boom levels by
rising 12.1 per cent.
Buyers are also thronging at estate agents
, who are reporting signs that last year's stagnant market has now picked up.

When buyers "throng" it is a sign of buying excitement where office space appears to shrink due to the volume of people enetering the building ready to buy and outbid the next person. "Thronging" represents a more advanced state of excitement than "crowding" where there is less movement in the people who tend to remain static without pushing and shoving as in "thronging."

Oh well, they can try can't they! :lol:

Prices "soaring" 18% in Scotland:

http://www.eveningtimes.co.uk/hi/news/5050842.html

Aberdeenshire and Moray were the fastest growing areas, with prices up by 18%. Glasgow had rises of 8%, compared with 6% in Edinburgh and 9% in Dundee and Angus.

Not much chance of an IR cuts with HPI "soaring" :lol: .

Edited by Realistbear

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I thought cambs was -4%YOY on the Halifax report for DEC 05.

So, for 12%YOY, that must be some pretty damn big rises in the past 3 months.

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I thought cambs was -4%YOY on the Halifax report for DEC 05.

So, for 12%YOY, that must be some pretty damn big rises in the past 3 months.

I suspect the article is just VI hype with no basis in reality. Interestingly, the FT index contradicts these dramatic figures from Nationwide:

http://news.ft.com/cms/s/4fe2a684-c588-11d...00779e2340.html

by Chris Giles, Economics Editor

Published: April 7 2006 09:31

Between November and February,
London’s
house prices jumped by 7.2 per cent, compared with an average of about 1.2 per cent over the same period in other regions of England and Wales. London’s rise, if continued for a whole year, would translate into an annual rate of inflation of over 30 per cent.
If London’s recent gains begin to be translated more widely into housing markets outside the capital, alarm bells would start ringing at the Bank of England.
While, the monetary policy committee would welcome slightly higher consumption sparked by rising house prices, it would be concerned that many families’ household finances were becoming dangerously stretched.
Some regions, however, are still experiencing extremely slow markets. Over the past three months, house prices grew by only 1.0 per cent in the North of England and they fell by 1 per cent in the East Midlands.
Since the FT index is based on every transaction in England and Wales, the monthly inflation rates are stable, unlike the surveys from lenders such as Halifax and Nationwide.
Edited by Realistbear

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Some regions, however, are still experiencing extremely slow markets. Over the past three months, house prices grew by only 1.0 per cent in the North of England and they fell by 1 per cent in the East Midlands.

Prices falling in the East Midlands? More music to my ears.

Billy Shears

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  • 302 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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