Wednesday, Jul 08, 2015

And so here we are people...

Guardian: Average UK property price breaks £200,000 barrier, says Halifax

there is one ting that makes me (daily) feel like I'm crazy. On one hand interest rates have to stay low because the economy is not great and we need to keep lending/borrowing etc. and on the other hand prices are pretty much at a record. The good people in the government and Bank of England appear to have cornered the whole country by Letting prices rise faster than the recovery, by low rates and stupid help to sell. Articles already talking about BTL disaster and now booming house price bubble stories will follow (just wait and see!
HI do recall when help to buy (sell) was announced I was heard to say to my wife "this is going to be a f@&£ing disaster!" And now here we are...in trouble again!

Posted by brickormortis @ 10:34 AM (4736 views)
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6 Comments

1. hpwatcher said...

Seeing falls everywhere in my areas. Looks like the euphoria of the post-election boost is over.

Wednesday, July 8, 2015 03:30PM Report Comment
 

2. hpwatcher said...

This and cap on housing benefit will really squeeze them.

Wednesday, July 8, 2015 03:31PM Report Comment
 

3. a saver said...

@hpwatcher, price reductions would be good but hard to imagine in our area (Dundee) as there's been fewer and fewer properties for sale every year since about 2012. A fair bit of building has been going on but everything seems to get snapped up immediately, probably due to stupid government subsidies as you say.

Wednesday, July 8, 2015 04:26PM Report Comment
 

4. Rob Mk said...

Its all good news, property is a sure thing.
Sign of a good healthy balanced economy.

They now want to encourage savers and pensions saving............well raise the interest rate then...........oh whats that? you can't, why is that Mr chancellor of the exchequer?

Wish I'd been so visionary and brought loads flipped, I'd have retired by now.........Now I'm stuffed, damn morals, should have run with the herd, sacrificed a few citizens on the way.

Thursday, July 9, 2015 08:12AM Report Comment
 

5. sibley's b'stard child said...

Renters rejoice as more property be comes available to let.

Thursday, July 9, 2015 08:57AM Report Comment
 

6. hpwatcher said...

@hpwatcher, price reductions would be good but hard to imagine in our area (Dundee) as there's been fewer and fewer properties for sale every year since about 2012. A fair bit of building has been going on but everything seems to get snapped up immediately, probably due to stupid government subsidies as you say.

You will see that if you are looking in a specific area. I am casting my net fairly wide. There was a lot of buying after the general election,but on the higher end.

Thursday, July 9, 2015 02:32PM Report Comment
 

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