Nationwide Building Society House Price Index June 22

[Martin@AS Financial]

Key points:

• Modest slowing in annual UK house price growth to 10.7% in June, from 11.2% in May
• Most regions saw slight slowing in annual growth in Q2
• South West overtook Wales as strongest performing region, while London remained weakest
• South West also strongest performing region through the pandemic

Full reports here for national and regional:

https://www.nationwidehousepriceinde...-double-digits

Interestingly, the south west is now the strongest performing area based on Nationwide's research and believe this is closely with tourism. It may well be as the report suggest, people are buying second or holiday homes which will be easier to travel to compared with overseas travel at the moment.

[northernladuk]

How long can this level of growth be sustained? I get we are an island and we aren't building enough houses for the level of immigration let alone exponential population growth but there has to be a level where this just is not sustainable and it crashes again? I ask as people have been expecting this almost from the growth after the last crash but it's skyrocketed with no sign of it. Or is this the new cost of home ownership and it's here to stay?

[DealorNoDeal]

How long can this level of growth be sustained? I get we are an island and we aren't building enough houses for the level of immigration let alone exponential population growth but there has to be a level where this just is not sustainable and it crashes again? I ask as people have been expecting this almost from the growth after the last crash but it's skyrocketed with no sign of it. Or is this the new cost of home ownership and it's here to stay?

Property market downturns usually coincide with recessions (eg. late 80s, 2008/9).

If the next one is similar then there will be fall in prices followed by several years of going sideways, before it all starts up again.

[SueEllen]

"Investors" e.g. foreign people who don't know what they are buying and include many who are happy to keep their property empty so it stays new, are what is propping up some of the market now in all cities and towns in the UK.

[d000hg]

Even the mid-2000s wasn't really a crash was it? People were saying "this is just the start" while things went back up again (and up, and up).
It seems like something has to give but then we've been saying that for really quite a long time.

10% house price rise, 10% inflation - prices are now stable

[_V_]

Boris has the answer.

https://www.independent.co.uk/news/u...-b2113882.html

Expect prices to double and double again as they pass to grand children and then great grandchildren.

Victorian values.

[AtW]

Victorian values.

Victorian level of services also, but with Old Labour taxes.