Monday, June 17, 2013
Wow! Let the good times roll..
A home for a quarter of a million: The average UK asking price has reached a record high of £250,000 Read more: http://www.dailymail.co.uk/money/mortgageshome/article-2342805/A-home-quarter-million-The-average-UK-asking-price-reached-record-high-250-000.
Despite the seemingly positive schemes such as NewBuy and Help to Buy - which give first timers with small deposits a lift onto the property ladder - and the more industry-focused Funding for Lending which has slashed rates, these latest figures will do little to quell the wide-spread worry that the government is unwittingly creating an artificial 'property bubble.'
Posted by happy mondays @ 08:30 AM (1622 views)
5 thoughts on “Wow! Let the good times roll..”
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sneaker says:
The Millennials are really going to be happy about that.
Waitingtobuy says:
All bubbles are artificial
hpwatcher says:
I bet a lot of people on here thought we’d seen the last of this sort of madness…..perhaps this is what is meant by the ”return to normal” on the famous ‘real estate bubble’ graph?
timmy t says:
[email protected] – problem with that graph is it only shows Smart Money, Institutional Investors and Public, whereas for housing there obviously needs to be a fourth section for Government Intervention. What effect that has on the overall shape of the graph and the length the time-axis needs to be remain to be seen.
alan says:
Ok, I don’t want to be too one sided about this – but just look at today’s posts. Decide for yourselves….
* Slovenia’s Banks – Property bubble, loans turned sour.
* Co-Op Bank – Property bubble, loans turned sour.
What’s going to happen to these loans from the UK taxpayer when property turns down (again)? Doh !