UK housing mini-boom is gathering pace, property firm Rightmove says

[WTFH]

Nah, the estate it was on is way too dodgy. I did a search on police reports and there's a few too many stabbings for my liking.

I'm going to wait it out six months and see how things are towards the end of the year.

Did you ever consider moving out of the smog-filled streets to leafy Surrey?

[vetran]

Did you ever consider moving out of the smog-filled streets to leafy Surrey?

Nah she wants decent neighbours!

[DimPrawn]

Nah she wants decent neighbours!

But isn't sasguru in Brussels now?

[WTFH]

Nah she wants decent neighbours!

I won't be there!

[vetran]

I won't be there!

now sounds attractive

[DealorNoDeal]

Won't last. The real action is later this year when the furlough unwinds.

Unemployement currently 3m. 9m on furlough.

Some commentators are predicting 1/3rd (3m) of furloughed workers will be layed off.

If we did reach 6m unemployed, it's hard to see how that wouldn't have a big impact on the housing market.

[vetran]

Unemployement currently 3m. 9m on furlough.

Some commentators are predicting 1/3rd (3m) of furloughed workers will be layed off.

If we did reach 6m unemployed, it's hard to see how that wouldn't have a big impact on the housing market.

And we were worried JezzyBell would ruin the economy!

[jamesbrown]

Unemployement currently 3m. 9m on furlough.

Some commentators are predicting 1/3rd (3m) of furloughed workers will be layed off.

If we did reach 6m unemployed, it's hard to see how that wouldn't have a big impact on the housing market.

You can already see the signs. Hundreds or thousands or people applying for a handful of roles, even in entry level retail.

It's going to be a bloodbath. You can never underestimate the extent to which the gov't will prop up housing; it's about the only thing of valuable left However, they will lose when unemployment skyrockets because the banks will pull low deposit loans. The banks are only just restarting 10% loans and are still not back at 5%, on the whole.

[DealorNoDeal]

However, they will lose when unemployment skyrockets because the banks will pull low deposit loans. The banks are only just restarting 10% loans and are still not back at 5%, on the whole.

I can't see there not being a big rise in repossessions either.

[AtW]

I can't see there not being a big rise in repossessions either.

Did not happen in 2008/09, won't happen now - lots of ways to fix it for banks: give them negative rates loans that pay THEM - as long as they defer mortgage payments for those affected, but they get extra margin on ALL mortgages, boom times for banking!