Nationwide Building Society House Price Index Dec 21

[WTFH]

FTFY

When you were told to "sink your money into bricks & mortar" they meant invest in properties, not drive into them.

[AtW]

When you were told to "sink your money into bricks & mortar" they meant invest in properties, not drive into them.

I did not read the small print

[mattster]

It's a matter of perspective - to those who don't own property it's inflation, but for those who do it's wealth growth

HTH

Wealth preservation might be more accurate with current inflation elsewhere. Beats money in the bank, but if you are not already in the biggest house you are ever going to need then it makes everything harder.

[saptastic]

Happy new year all.


UK house prices end the year at a record high, with annual price growth in double digits

Key points:

• Annual house price growth increased to 10.4%, from 10.0% in November
• 2021 was the strongest calendar year for house price growth since 2006
• Price of a typical UK home hit record high of £254,822, up nearly £24,000 over the year
• Wales was the strongest performing region in 2021, London the weakest


Interestingly, London remains the weakest performer and certainly in my experience, I am continuing to arrange a lot of mortgages for clients who are leaving the city in the search of the perfect work from home property.

January in my industry is always a good indication of how the year will pan out as it is a month which is dictated by the new years resolution to move house. This is particularly relevant for first time buyers who have had enough of paying rent.

Full report here:

Download the latest report

Wow the bubble just keeps going.

[PCTNN]

...if you are not already in the biggest house you are ever going to need...

This time last year my partner and I were living in a 55sqm 1 bedroom apartment, cluttered AF. We needed more space so we sold the flat in the city centre and now we are living in a 150sqm 4 bedroom detached house in the outskirts. Still cluttered, still not enough space. When does it end?

[northernladuk]

This time last year my partner and I were living in a 55sqm 1 bedroom apartment, cluttered AF. We needed more space so we sold the flat in the city centre and now we are living in a 150sqm 4 bedroom detached house in the outskirts. Still cluttered, still not enough space. When does it end?

It doesn't believe me. Only yesterday I was driving up the road from the East gate to the house with the horses galloping along side me with the theme tune to Brideshead Revisited on radio I was still worrying where to put all the clutter. Then I realise it's the house's staffs problem and I'm going to have to whip them again when I get in.

[WTFH]

I was driving

INKSPE!

No chauffeur?

[Whorty]

INKSPE!

No chauffeur?

He was in his chariot, a la Ben Hur, chasing down the peasants

[WTFH]

He was in his chariot, a la Ben Hur, chasing down the peasants

Why do I picture him, not in a Roman chariot, but a French one?

[northernladuk]

INKSPE!

No chauffeur?

One is allowed to drive to oneself to the stables before a ride out you know. If it's good enough for Lizzy it's good enough for me.