Thursday, July 26, 2007

Hopefully, the only direction now is down…

UK house prices 'stall' in July

House price growth in the UK "stalled" during July, suggesting that higher interest rates are starting to bite, the Nationwide has said.

Posted by this_ones_for_dean @ 08:19 AM (535 views)
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9 thoughts on “Hopefully, the only direction now is down…

  • dohousescrashinthewoods says:

    They bounce to and fro, but as someone said a while back here, each time it zig-zags a bit lower. Chances are next month will be upp, but the one after will dip below this month’s.

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  • “Prices grew by just 0.1% in July, cutting the annual rate of growth to 9.9% from June’s rate of 11.1%.”

    WOOOOOOOW!!
    0.1% in July means 1.2% annually, folks. That’s good! Good to beat no savings account.
    End of the BTL… bye, bye!

    The other figure 9.9% must be the increase for the rolling 12 months to July. That;s history, yesterday, gone forever! Welcome old economy!

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  • dohousescrashinthewoods says:

    To repeat the cheerleaders’ cries with these new figures:

    “Houses rocket at an astonishing £200 per month!”

    Looks like some chavs are going to have to go back to work 😉

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  • … DHCITW…
    you are such an optimist!!

    Houses rocket at an astonishing £184.09 per month!!

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  • House prices skyrocket at a stunning £2,209.03 per year!

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  • yes these are average figures and certain areas are taking longer to fall than others.ahh its grate when a plan comes together

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  • dohousescrashinthewoods says:

    “Shock: owner earns more than house”

    hee hee

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  • Super-shock:
    savings accounts earn more than a BTL property!

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