Tuesday, August 15, 2017
I thought house prices were dropping…
Housing market speed towards 'crisis point' as average price rises £10,000 in a year
House prices in the UK increased by £10,000 in the last year on average, according to official figures, with estate agents warning that affordability of houses is reaching "crisis point".
Posted by hpwatcher @ 12:44 PM (5105 views)
4 thoughts on “I thought house prices were dropping…”
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libertas says:
Recent mortgage approvals and eye watering immigration stats, combining with precipitously low stock per surveyor suggest we may be on for another bull run.
libertas says:
Every sustainable bull market requires corrections and bear traps to erase errational exuberance. You know it’s coming to a close when acceleration is exponential because that, always and everywhere, is impossible to sustain. This market is done once everybody is in and is bullish. At that point there are no longer any new bulls to price things higher. We have an entire generation to get on the property market. Soon as they adjust their expectations and begin panic buying previously undesirable areas and choosing smaller places, the fun begins, it the housing crisis is just starting.
libertas says:
Every sustainable bull market requires corrections and bear traps to erase errational exuberance. You know it’s coming to a close when acceleration is exponential because that, always and everywhere, is impossible to sustain. This market is done once everybody is in and is bullish. At that point there are no longer any new bulls to price things higher. We have an entire generation to get on the property market. Soon as they adjust their expectations and begin panic buying previously undesirable areas and choosing smaller places, the fun begins, it the housing crisis is just starting.
nickb says:
Calm down Libby, take a deep breath. The article cites June 2016-June 2017 figures, which in themselves give no indication at all of which way prices are heading now. The MOM figures are often down. The “entire generation” is priced out, so go figure.