Wednesday, November 9, 2011

Well here it is…

House prices soar by nearly £2,000 in October as property market makes welcome recovery Read more: http://www.dailymail.co.uk/news/article-2058860/House-prices-soar-nearly-2k-October-property-market-recovers.html#ixzz1dCQ2Uqa3

'Low interest rates have been pivotal in bolstering home values, while the re-emergence of 90 per cent loan-to-value mortgages has helped offset buyers concerns somewhat about the direction of the wider economy. 'With rents at record highs across much of the country, buying a home makes excellent financial sense to those who can secure mortgage finance. 'Long-term investors and homeowners have seen the greatest financial benefits of buying property.' He continued: 'Even accounting for the housing market down-turn, the average homeowner has seen their home increase in value by 75 per cent in the past 10 years. 'As long as the UK’s population growth outstrips the supply of new homes, demand for property will mean homeowners will see strong long-term capital appreciation.'

Posted by khards @ 09:37 AM (1373 views)
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5 thoughts on “Well here it is…

  • mark wadsworth says:

    “As long as the UK’s population growth outstrips the supply of new homes, demand for property will mean homeowners will see strong long-term capital appreciation.”

    I suppose if you are racist, child-hating Home-Owner-Ist, you are pretty much in a win-win situation.

    Fewer immigrants, fewer babies = prejudices pandered to; more immigrants, more babies = lovely unearned capital gains.

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  • Well at least they reported this bit accurately – ‘Low interest rates have been pivotal in bolstering home values’ which leads me to think the inevitable rise in interest rates will have the opposite effect.

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  • Mark, being a ‘glass half full’ type I see the Wail reader’s position in a different light. They will be tearing themselves apart after reading this article, deperately trying to adopt a tolerance for immigration because house price inflation is their extreme religion, more important than life itself.

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  • mark wadsworth says:

    RTL: “house price inflation is their extreme religion, more important than life itself”

    You’re not far off the mark there, one of the Homeys’ mantras is “My house is wealth which I have built up and which I can leave to my children”, see also the land-owning aristrocracy’s mantra “This land has been in the family for twenty generations”.

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  • I am not seeing this in my area, prices are starting to drop now – apart from the sold and back on market scam still doing the rounds among 3 estate agents

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