Thursday, Apr 16, 2015

UK house price growth hits five-month high in March - RICS

Reuters: UK house price growth hits five-month high in March - RICS

British house prices grew at their fastest pace in five months in March, fuelled by a shortage of properties, a survey showed on Thursday, adding to other signs that a cooling of the market may be ending.

Posted by cornishman @ 03:02 PM (4847 views)
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1. khards said...

It's simple to explain: Banks must be dishing out mortgages at the fastest rate in five months.

I personally know 3 different individuals who have 95% mortgages (with government deposits). Two of the are expecting kids in the next 6 months, earning < £20k pa.

Easy money is back in full swing. It's the start of the end (again). Within 18 months we will be back to 100%+ mortgages in the UK.
I expect a similar thing across the EU & US.

Thursday, April 16, 2015 04:42PM Report Comment

2. cyril said...

Yesterday it was the prospect of the mansion tax that was being blamed for causing price rises at the lower end of the market - presumably because people would prefer to pay over the odds for a house that's under the threshold. Seems a bit weird that someone would prefer to pay more for something which is worth less simply to avoid paying tax but I suppose it could happen.
(I couldn't work out if these price rises were being portrayed as a good thing or not. Probably they are 'bad' house price rises because they are caused by Ed Milliband).

Friday, April 17, 2015 10:21AM Report Comment

3. hpwatcher said...

It's one large endless boom of cheap cash.

Monday, April 20, 2015 03:12PM Report Comment

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