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House Prices Rise By 3,000 Pounds Per Week!

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Guest The_Oldie

It looks like we can expect this pattern every time a survey reports increases.

The Express seems hell bent on ramping house prices. Having completely ignored the recent Halifax figures showing a 1.2% drop, they give EA (Rightmove) figures front page coverage :rolleyes:.

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I'm surprised Express readers don't get bored of it. Ok, i'm sure they have a few moments of smugness, but i'm sure most realise their siblings will be living with them for a very long time.

Is there any figures showing readership/distribution figures? I assume by the constant HPI ramping the Express is increasing it's circulation, or is it they are just getting more advertising fees? Anyone have a clue?

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It looks like we can expect this pattern every time a survey reports increases.

The Express seems hell bent on ramping house prices. Having completely ignored the recent Halifax figures showing a 1.2% drop, they give EA (Rightmove) figures front page coverage :rolleyes:.

ha ha...I say keep these reports coming. They fill me with mild amusement. Does the express think I'm going to go crazy and go out and get on the 'property ladder' just on the strength of a front page VI advert? Where is the money coming from to buy these houses? Does this pathetic newspaper think I can magic money from thin air? Nah, I have no interest in saddling my whole life with the worry of a debt millstone round my scrawny neck....

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ha ha...I say keep these reports coming. They fill me with mild amusement. Does the express think I'm going to go crazy and go out and get on the 'property ladder' just on the strength of a front page VI advert? Where is the money coming from to buy these houses? Does this pathetic newspaper think I can magic money from thin air? Nah, I have no interest in saddling my whole life with the worry of a debt millstone round my scrawny neck....

Then you'll get left behind :( .

HTH

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WE have to remember that RICS are EAs and they cannot afford a slowing market. There is a concerted effort by the VIs to try to stall the inevitable correction which always comes when affordability, external IR trends, unemployment and stagnant wages combine to form the downside of the economic cycle. I see no evidence whatsoever of rising prices in my area and, in fact, am observing price falls as evidenced by the local property ads with increasing numbers of "new price," "price reduced" and very few SSTC ads.

Gordon has also done nothing to raise IR which suggests he may not believ the property ramping either. London may be going wild at the moment because of foreign money and a booming city trade in stocks and bonds etc. The coming recession will begin to ewrdoe confidence in the markets, especially if the correction proves to be long and deep.

RICS state:

http://uk.news.yahoo.com/18072006/325/hous...st-2-years.html

Surveyors' optimism for future house price rises was its brightest since March 2004, also around the height of a property market frenzy that saw the average price of a home in the UK more than double since the 1990s.

Their optimism for even less affordability in the market is misconceived because it simply means pricing more people out and evn more debt for those who do try to keep up, or move up. Not long now.

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Guest mattsta1964

Left behind what?

A longer noose for people to hang themselves by

That's all it is.

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If talking about a rate of increase it's totally pointless to measure the increase over a short interval like 1 month. With the same logic they could talk about annualised 15% falls and a severe crash from looking at the halifax index.

It's dumbed down beyond all belief. Too bad most people are as well.

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Left behind what?

When I joined this site in Nov 2004 people were saying not to buy as a crash was coming.........well....here we are July 2006 and guess what????? No crash......

Those who waited have now been LEFT BEHIND in the charge to get on the home buying ladder.

Hope you get on well with your landlord/parents/trailer park owner. They are going to see alot of you.

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they had an even balance of news though because yesterday the front page was a Princess of Wales headline. it's comforting really, as i don't spend money on the express - i know what's going to be in it anyway.

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they had an even balance of news though because yesterday the front page was a Princess of Wales headline. it's comforting really, as i don't spend money on the express - i know what's going to be in it anyway.

Yeah and on page two yesterday was "house prices rise by 2000 pounds per week" !!!

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they had an even balance of news though because yesterday the front page was a Princess of Wales headline. it's comforting really, as i don't spend money on the express - i know what's going to be in it anyway.

There is ALWAYS a Diana story on a monday, Fayed must be generously helping out the editor of the Express i guess, I only buy it for its sports coverage, its actual news content hovers between non existant and childish.

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When I joined this site in Nov 2004 people were saying not to buy as a crash was coming.........well....here we are July 2006 and guess what????? No crash......

Those who waited have now been LEFT BEHIND in the charge to get on the home buying ladder.

Hope you get on well with your landlord/parents/trailer park owner. They are going to see alot of you.

Oh I see now, thanks for enlightening me. Perhaps all those worthless people 'left behind' (a vacuous phrase) should go out and shoot themselves......get it over and done with.....

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When I joined this site in Nov 2004 people were saying not to buy as a crash was coming.........well....here we are July 2006 and guess what????? No crash......

Those who waited have now been LEFT BEHIND in the charge to get on the home buying ladder.

Hope you get on well with your landlord/parents/trailer park owner. They are going to see alot of you.

Your only interest on this forum is to prop up your property value by coaxing new suckers into a saturated market

These people are not stupid enough to pay most of their taxed income to a bank for the rest of their lives - can't you see that?

It would be a LOT of people in the situation you describe - the market would adapt and cater for those people - they won't just vanish...

Personally, I think a sudden, global correction is on the cards and so do a couple of big names (IRIC soros and merril lynch)

Edited by dnd

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When I joined this site in Nov 2004 people were saying not to buy as a crash was coming.........well....here we are July 2006 and guess what????? No crash......

Those who waited have now been LEFT BEHIND in the charge to get on the home buying ladder.

Hope you get on well with your landlord/parents/trailer park owner. They are going to see alot of you.

No crash yet means no crash ever, right?

Quick, everybody, hurry up, get that £250,000 mortgage for a cardboard box or you'll be priced out forever!

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And where is all the money coming from to fuel this rise? Hmmmmm

The more they ramp up the market the quicker the bubble will burst. Keep it coming.

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Oh I see now, thanks for enlightening me. Perhaps all those worthless people 'left behind' (a vacuous phrase) should go out and shoot themselves......get it over and done with.....

That would be one way of reducing demand!

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This is weird, because I've been following the house prices in my area (South West) on Rightmove since March, and about 25% of them have dropped their prices in that time.

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Oh I see now, thanks for enlightening me. Perhaps all those worthless people 'left behind' (a vacuous phrase) should go out and shoot themselves......get it over and done with.....

Only trying to help !!! It makes little difference to me who buys a house but one thing is for sure, they were cheaper when this site kicked off than are now by a long way.

Still I suppose if you keep on saying a crash is on the way, one day you will be right - but how far off is that day????

My advice is to buy now before you get priced out.

HTH

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We are still going down in the Midlands. Property paper full of price reductions and "unexpectedly back on the market." I do not think we can trust any of the EA surveys as the market is on a crash course, they know it, and they have to ramp in order to keep people in doubt and despair and ready to buy no matter what the cost. Evil--yes but its the name of the game in a boom and bust miracle economy.

Funny how the LR stats have gone now. Replaced with something "more sophisticated" no doubt. :ph34r:

The most recent LR report (Q ending March 2006) shows a lot of falls. Things have not changed that much in 3 months:

http://news.bbc.co.uk/1/shared/spl/hi/in_d...tml/region1.stm

The information below is based on figures provided by the Land Registry of England and Wales.

Figures for England and Wales are for the period January to March 2006.

Northumberland £149,225 -8.8%

Cumbria £143,851 -1.6%

Tyne And Wear £132,526 -0.3%

Stockton-On-Tees £128,643 -5.0%

Darlington £125,556 -5.6%

Durham £114,329 -4.3%

Redcar And Cleveland £109,289 -11.2%

Middlesbrough £108,982 4.7%

Hartlepool £98,770 -5.2%

East Riding Of Yorkshire £154,431 -4.5%

West Yorkshire £138,242 -1.1%

South Yorkshire £126,326 -1.4%

North Lincolnshire £122,869 -2.7%

North East Lincolnshire £102,179 -1.9%

Rutland £228,672 -7.7%

Leicestershire £170,145 -3.5%

Northamptonshire £158,537 -3.5%

Lincolnshire £147,659 -1.9%

Derbyshire £147,537 -3.5%

Nottinghamshire £146,871 -2.0%

City Of Derby £137,082 -0.3%

Leicester £134,130 0.3%

City Of Nottingham £119,797 -5.2%

Worcestershire £184,936 -3.3%

Warwickshire £184,860 -3.4%

Shropshire £184,664 -3.1%

Staffordshire £161,232 -0.1%

West Midlands £146,903 0.3%

Wrekin £140,819 1.2%

Stoke-On-Trent £89,910 -5.6%

Cheshire £185,036 -1.6%

Warrington £156,929 -4.5%

Greater Manchester £134,935 -2.1%

Merseyside £132,854 0.3%

Lancashire £128,806 -1.9%

Halton £127,289 -5.3%

Blackpool £119,112 2.8%

Blackburn With Darwen £98,762 -2.1%

Moray 101,031 -6.1%

Clackmannanshire 100,282 -6.8%

North Ayrshire 98,127 -1.9%

North Lanarkshire 96,363 1.7%

East Ayrshire 92,883 -10.3%

Orkney Islands 88,463 -10.3%

West Dunbartonshire 88,299 -7.4%

Shetland Islands 83,663 4.4%

Eilean Siar 75,640 -8.2%

Edinburgh, City Of 176,526 1.1%

East Renfrewshire 168,132 -8.8%

East Dunbartonshire 160,331 -8.6%

East Lothian 152,826 -7.5%

Stirling 144,367 -4.0%

Midlothian 134,238 -0.5%

Scottish Borders 130,622 -7.9%

Aberdeenshire 127,195 -3.4%

Highland 125,711 -3.4%

Glasgow City 124,370 -0.6%

Argyll And Bute 119,923 -5.9%

Isle Of Anglesey £145,033 -12.2%

Newport £144,790 -5.0%

Flintshire £142,754 -4.8%

Denbighshire £140,981 -1.9%

Swansea £139,153 -1.1%

Carmarthenshire £137,252 0.1%

Bridgend £133,572 -1.7%

Torfaen £120,546 -0.4%

Caerphilly £115,784 -1.5%

Neath Port Talbot £102,936 -2.6%

Rhondda Cynon Taff £93,453 -2.7%

Merthyr Tydfil £89,920 -4.8%

Blaenau Gwent £82,491 -7.4

Dorset £226,010 -0.5%

Devon £212,600 -0.3%

Wiltshire £209,024 -3.5%

Cornwall £203,006 -2.5%

Bournemouth £202,293 2.2%

Gloucestershire £201,799 -0.5%

North Somerset £185,780 -4.6%

Somerset £183,850 -1.5%

South Gloucestershire £182,959 -2.5%

City Of Bristol £178,116 0.6% -0.9%

Torbay £174,208 -2.0%

Swindon £155,868 -2.3%

Brighton And Hove £222,241 0.6%

West Sussex £221,415 -2.2%

Essex £212,460 -0.9%

Kent £206,628 -0.4%

East Sussex £198,541 -3.0%

Reading £196,094 -2.0%

Isle Of Wight £181,138 -0.6%

Milton Keynes £175,337 -0.6%

Thurrock £169,523 -0.6% -1.5%

Southampton £161,716 -1.3%

Portsmouth £154,803 0.6%

Medway £154,231 -2.1%

City Of London £313,388 -4.5%

Hammersmith And Fulham £1,401,250 -17.9%

Wandsworth £1,230,830 -11.2%

Lewisham £351,863 -22.3%

Waltham Forest £317,750 -18.7% -28.1% 6

Newham £226,026 -22.2%

Enfield £568,411 -13.7% -18.6%

Chelsea £2,020,714 -18.2%

City Of Westminster £1,819,466 -20.2%

Camden £1,224,703 -6.5%

Islington £519,102 -37.1%

Hackney £420,577 -15.3%

Harrow £538,874 -9.6% -13.9%

Lambeth £527,750 -2.8%

Which part of the South West? They are definately going up in price in Bristol.

Bristol was one of the fastest falling areas in the country in the last Q--are you sure things have chnaged that dramtically?

http://news.bbc.co.uk/1/shared/spl/hi/in_d...s/html/hb.stm?d

City Of Bristol

£320,605 -4.6% -6.8%

Last I heard was that the market had an oversupply and the falling prices of the Spring were gathering pace as the summer season approached?

Edited by Realistbear

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  • 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%



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