Monday, March 7, 2011

Err, what house price increases of 2010?

House price rises 'unlikely to repeat 2010 trend'

It is unlikely that house prices will increase at similar levels to last year, it has been claimed. House price rises are unlikely to occur at the levels seen in 2010, it has been claimed. Timothy Lambert, head of consulting at Ducalian, said a repeat of last year's trend is not on the cards. The industry figure noted that interest rates are due to escalate, which in turn will have an impact on the cost of borrowing. "Consequently, house prices will be stifled somewhat in a bid to make them still attractive to buyers," he explained.

Posted by sibley's b'stard child @ 12:16 PM (2439 views)
Please complete the required fields.



13 thoughts on “Err, what house price increases of 2010?

  • mark wadsworth says:

    I think he’s referring to the increases in the first half of the year?

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    Ah yes MW; the back end of the DCB? Correlated quite nicely with my increasing sense of despair. Still, we won’t let those pesky statistics get in the way of my pithy headline.

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    … which were wiped out again in the second half of the year. Don’t worry, the price falls will now continue at their normal rate of up to 10% a year for several years. Mrs SBC will just have to get used to renting*.

    * I apologise to A Saver in advance for the outrageous misogyny implied by that remark.

    Reply
    Please complete the required fields.



  • the number cruncher says:

    MW & SBC

    We share a predicament

    I credit Fred Harrison, and Henry George, with saving my marriage. It was only after reading one of Fred’s books did Mrs Number Cruncher stop threatening divorce unless we buy a house.

    Thanks Fred (and Henry)

    Reply
    Please complete the required fields.



  • HPs unlike to repeat 2010 trend – ie, finishing the year flat…

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    Glad to hear of it TNC god knows how you managed to coerce your missus into reading something heavy-duty as that?

    It’s got the point now where i’m eavesdropping on my wife – on the phone – to friends and family; “You know what, it looks like he’s right, prices are coming down”. Saying that, she made the cardinal sin of mentioning a possible to HPC to someone who’s just bought recently; “not round here they’re not; they’re holding up well”.

    I said to her, the last thing Michelle wants to hear when she’s just bought is that prices are coming down; of course she’ll get defensive.

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    While we are swapping tales of our other halves’ Damascene conversions, my wife did mutter recently “Oh I wish they’d get on with it and let house prices go down again” or words to that effect. I was quite surprised really, given her otherwise hardcore Home-Owner-Ist tendencies.

    Reply
    Please complete the required fields.



  • happy mondays says:

    Be careful of spouting poisonous words to people who are blind drunk at the euphoria of being suckered into stupid debt (sorry owning thier own home) as they will turn against you to unleash venom & hell..
    On returning to the uk 10 years ago my self & partner could see this house orgy party rocking into oblivion, even warning a few close friends not to get involved, however after being looked at like some f*cking 2 headed monster with his ass as a face, & sounding like i was the only sober one at a Charlie Sheene party, i decided to sit back & take the view of a tourist..
    We are now feeling a bit smug, as no debts a massive deposit or even a good house abroad or different area…we never gave ourselves, as the banks would have loved… Enough rope to hang our stupid selves from !

    “A long habit of not thinking a thing wrong gives it a superficial appearance of being right” – THOMAS PAINE

    Reply
    Please complete the required fields.



  • Had a meeting last week with someone who has had their main residence on the market for roughly 6 months and hasnt received a single enquiry ! – oddly enough he’d phoned the agent hours before I got there and instructed them to take £100k (approx 12%) off the asking price.

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    Blimey; 100k, 12% off asking? I make that…erm….an original asking price of. Let’s see 10% would be. Hmm, if I divide this by 100 and then times by…no that doesn’t look right. Now i’ve got a negative amount; could never get the hang of percentages on calculators.

    You obviously move in a higher echelon of people Jack.

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    SBC, £100,000 divided by 0.12 = original asking £833,333, now REDUCED to £733,333 for a quick sale! Hurry prices can only go up!

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    Thanks MW; it’s a bargain fer sure!

    I really hope that’s not in Jack’s neck of the woods but London where three quarters of a mill wouldn’t look quite as mental.

    Reply
    Please complete the required fields.



  • Sib’s – there’s the odd part of the NE of England (Northumberland for example) where the prices will top £1m – I’ve just checked the EA’s site and it has already been reduced to 750K – interestingly enough this sort of property/area previously attracted the footballers but I know of quite a few who are renting instead at 4k per month ! 2 things to note (1) the lenders are very twitchy at present on loans of 500k+ and (2) the likes of C&G are getting picky over occupation – self employed in particular (footballers they simply dont want to know).

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>