Nationwide Building Society House Price Index Feb 22

[Martin@AS Financial]

House price growth accelerated in February, with average price up £29,000 over the last year

Key points:

• Annual UK house price growth increased to 12.6% in February, from 11.2% in January
• Prices up 1.7% month-on-month
• Average house price exceeds £260,000 for first time
• Price of typical home 20% higher than February 2020

Full report here:

https://www.nationwidehousepriceinde...66-59mr4-ffu59

Interestingly, the price of a typical home rose above £260,000 for the first time. Nationwide I believe are confident about the housing market as last year they launched what they call their helping hand mortgage. Essentially this has enhanced affordability rules and the mortgage must be taken on a 5 year and above fixed rate.

[DealorNoDeal]

Nationwide I believe are confident about the housing market as last year they launched what they call their helping hand mortgage. Essentially this has enhanced affordability rules and the mortgage must be taken on a 5 year and above fixed rate.

Or it's a sign we're near the top. Lending always seems to get lax just before a boom ends (increased salary multiples in the late 80s, self-cert, sub-prime prior to 2008).

[_V_]

So nice to read good news for a change after a pandemic, war in Europe, Climate Catastrophe.

[d000hg]

Wonder if fear of nukes will further drive the prices of rural/not near a major city housing.

[jainnode]

Wonder if fear of nukes will further drive the prices of rural/not near a major city housing.

If there're going to be nukes, why would you want to die slowly of radiation, starvation or pillagers, rather than quick and clean at ground zero??

[ladymuck]

If there're going to be nukes, why would you want to die slowly of radiation, starvation or pillagers, rather than quick and clean at ground zero??

Zombies!

[Whorty]

Zombies!

You watch too many films

[d000hg]

If there're going to be nukes, why would you want to die slowly of radiation, starvation or pillagers, rather than quick and clean at ground zero??

Do you drink or smoke?

[jainnode]

Do you drink or smoke?

what? how is this relevant to nukes?

[SueEllen]

what? how is this relevant to nukes?

Because according to him everyone who drinks or smokes will definitely die a long slow death.