Thursday, Jan 31, 2019

The Big Freeze

BBC News: House price growth at near six-year low

Sentiment seems to be falling."UK house prices grew at the slowest annual rate for nearly six years in January, according to the Nationwide. The lender said price growth 'almost ground to a complete halt', with prices up by just 0.1% from a year earlier, down from a rate of 0.5% in December." There's a graph of prices changes over last decade from Halifax and Nationwide and a nice little wigdget to play with showing the different affordability rates across country.

Posted by quiet guy @ 10:04 AM (1070 views)
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3 Comments

1. libertas said...

If this is due to Brexit, once that is done and immigration controls result in swiftly rising wages, expect prices to soar whilst price to wage ratios improve.

Wages and house prices soared between 1975 and the mid 1990's. They then have been pretty much flat since then, or even dropping when inflation is taken into account, so its just about time in terms of cycles that wages and house prices start to go crazy.

With Britain's decoupling from low growth Europe accelerating through this process, re-aligning with historic trading partners expect British land prices to look like Manhattan or Switzerland vs European mainland, which will languish and as a result tear itself apart with the next shoe to fall being Irish exit from the EU, wherein it will re-adopt the Punt, backed by Bank of England, accepting a UK trade and defence partnership through a new Anglo / Irish treaty that maintains Irish independence and neutrality.

Saturday, February 2, 2019 07:00PM Report Comment
 

2. quiet guy said...

@Libertas

"the next shoe to fall being Irish exit from the EU"

I doubt that.

https://www.theguardian.com/politics/2019/jan/26/john-humphrys-suggests-ireland-could-quit-eu-and-join-uk

Tuesday, February 5, 2019 08:38AM Report Comment
 

3. tenyearstogetmymoneyback said...

Another article explaing what Quiet Guy wrote

https://www.bbc.co.uk/news/uk-politics-46528952

We went to Dublin (to see Robbie Williams) before the Euro started.
I haven't been to another European country that seemed to be so proud to be in the EU.
Off topic, while we were there they were celebrating the life and death of one of their national heroes ; Bobby Sands MP.

Thursday, February 7, 2019 07:17AM Report Comment
 

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