Jump to content
House Price Crash Forum
Sign in to follow this  
Converted Lurker

House Prices Reach An Eighteen Month High For Newly Built Homes

Recommended Posts

New home prices increased significantly last month according to the latest report from SmartNewHomes.com. The average price of a new home in the UK in March 2006 was £264,709, an increase of 3.1% from the same time last year and up 1.9% from the previous month. This is the most significant upturn in prices since November 2004 and signifies a full recovery from the downturn of 2005.

http://firstrung.co.uk/articles.asp?pageid...articlekey=1761

Share this post


Link to post
Share on other sites
Guest

New home prices increased significantly last month according to the latest report from SmartNewHomes.com. The average price of a new home in the UK in March 2006 was £264,709,456,564,4345,345,345,345,2345,34,567,65,7,83524,613,57,3567,2457,2467,213456,23,5761q,346,245,67264,73w467 an increase of 13984759823147659812347653.1% from the same time last year and up 13452tqertq3563246522356.9% from the previous month. This is the most significant upturn in prices since November 2004 and signifies a full recovery from the downturn of 2005.

http://firstrung.co.uk/articles.asp?pageid...articlekey=1761

Who gives a hit.

I've come to like Brian Potter, he's a decent chap, and feel a bit sorry for his situation in a way, but you gotta just say that this whole house price situation has run its course.

Edited by megaflop

Share this post


Link to post
Share on other sites

Who gives a hit.

I've come to like Brian Potter, he's a decent chap, and feel a bit sorry for his situation in a way, but you gotta just say that this whole house price situation has run its course.

Here`s a thing, let`s just put aside our prejudices for a second and accept that these prices may be correct. Let`s also accept that these huge developers have access to data and advice that is significantly more on the pulse than your average HPC er. There is no sign of panic amongst them and no reduction of prices, despite the anecdotals of "my best mate`s cousin just got offered 50K off..."

Now we could argue that SNH are being clever introducing a new index in favour of the developers suggesting everything is rosy in over developed inner city areas etc, but I for one thought we`d see huge reductions by now in favour of the FTB in particular. These 2 bedders, built specifically for the BTL players, are shifting still reasonably quickly again despite most of us knowing one or two developments that have been empty for what appears to be ages <_<

Share this post


Link to post
Share on other sites
according to the latest report from SmartNewHomes.com

:lol:

Well, here`s a link to their last full report in more detail, it`s more than simply a press release, which forms part of the point I was making. Should it simply be dismissed as, in your terms, VI propoganda, or examined with a bit more objectivity? ;)

http://www.smartnewhomes.com/static/NewHomesIndex/Latest.doc

Share this post


Link to post
Share on other sites

Well, here`s a link to their last full report in more detail, it`s more than simply a press release, which forms part of the point I was making. Should it simply be dismissed as, in your terms, VI propoganda, or examined with a bit more objectivity? ;)

http://www.smartnewhomes.com/static/NewHomesIndex/Latest.doc

In the West Midlands there is hardly a builder who has been able to increase prices--nearly all offer 5%, stamp duty, legal fees off without negotiating. Some builders around here are not developing land they bought due to drop in demand or buyer's refusal to pay top of the market prices.

Anything VIs put out is going to have propaganda built in to it. The falls in their share prices perhaps reflects the investors views of their performance and prospects as we head into a HPC.

Share this post


Link to post
Share on other sites

Well, here`s a link to their last full report in more detail, it`s more than simply a press release, which forms part of the point I was making. Should it simply be dismissed as, in your terms, VI propoganda, or examined with a bit more objectivity? ;)

http://www.smartnewhomes.com/static/NewHomesIndex/Latest.doc

Objectivity, now there is not much of that on here.

Share this post


Link to post
Share on other sites

Objectivity, now there is not much of that on here.

Look at the actual stats, over half of starts are for innercity apartments, it's like only manufacturing screw drivers when people are actually looking for jelly :huh:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.