Friday, January 30, 2015
Nationwide says annual rate of price inflation fell in January for fifth month running
UK house price growth continues to slow
""British Bankers Association showing that mortgage approvals for house purchases fell to a 20-month low in December dependent on banks responding to the rise in demand by increasing their lending volumes. If that part of the puzzle is missing, house prices are likely to struggle over the next year or so.†Nationwide said the average price of a UK home now stands at £188,446 – 2.4% above its pre-crisis level."" Is this slowdown in the rate of increase significant or just a pause for breath before another rampant year?
Posted by debtserf @ 08:41 AM (3046 views)
3 thoughts on “Nationwide says annual rate of price inflation fell in January for fifth month running”
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khards says:
All the participants who can only afford a 5% deposit at 0.5% base rate have been pulled into the Ponzi. Either they invent another scheme to scrape in the dregs who can’t meet this low lending criteria or the Ponzi falls apart.
I think in the nasty’s get back in they will try another scheme 100% LTV no deposit required on new builds, and a matching scheme to help the second hand market because ‘hardworking families’ are worth it. They could call it Help to sell for boomers.
debtserf says:
Make it 200% and I’m in!
Notanimby says:
Before the election, I suspect there will be an ‘unexpected’ drop in BoE rate (0.25%), simply to get people borrowing and spending, getting that meaningless GDP figure up. I suspect there will be yet more money provided to the voter pool (wealthy boomers).
Opportunities to ‘buy’ a dwindling % of a house, burdened with an increasing amount of ‘rent’ for the remainder will increase.
Help to sell will be increased.
Further generations will be placed on the scrapheap.
Whatever it takes. House prices will not fall.