Boomed!

[Sockpuppet]

Neighour is selling his house, which is identical to ours, for £40000 more than last year's asking price for our model. That is greater than a 10% rise.

Selling != Sold

[chubba]

http://news.bbc.co.uk/1/hi/business/6929361.stm

The number of mortgages in arrears came in at 125,000 - 3% down on the same period last year.

Oh prawn, you are a funny one! The headline of the story is:

Home repossessions 'rise by 30%'

So, while the number of mortgages in arrears are 3% down on the same period last year, an estimated 14,000 properties were repossessed in the first six months of the year - a 30% increase on the same time last year.

Depends how you read the article really but I am definitely reading that as DOOMED

[Diver]

Time to hit the auctions again.
Who needs a pension

Property property property cheap property

Living off the backs of the unfortunate

[DimPrawn]

You must be joking.

http://news.bbc.co.uk/1/hi/business/6932304.stm

The average cost of a house in England will break through the £300,000 mark in the next five years, research suggests.

The National Housing Federation (NHF) warned prices are now almost 11 times the average wage and may rise by 40% as supplies fall further behind demand.

Yep, house prices are going up by another 40%. All true, the BBC say so.

[GreenerGrass]

You must be joking.

http://news.bbc.co.uk/1/hi/business/6932304.stm

The average cost of a house in England will break through the £300,000 mark in the next five years, research suggests.

The National Housing Federation (NHF) warned prices are now almost 11 times the average wage and may rise by 40% as supplies fall further behind demand.

Yep, house prices are going up by another 40%. All true, the BBC say so.

ROFL I was just about to post that just so I could beat Dim Prawn to a house price news item.

I wonder if I can re-mortgage the extra 40% equity in advance to plough into off plan "luxury" buy-to-let flats? Shall I email the link to my building society?

[BlasterBates]

I have found a contract but then I went for the permie option as it was almost the same money. I do regret it already after a few weeks though.

..ah you regret going to Switzerland or just going premie.

[Francko]

..ah you regret going to Switzerland or just going premie.

Just going permie.

Besides, this is no paradise either and workwise, yes, I believe the environment is much better in lil' ol' England. And the swiss efficiency.... oh, yes, that's just a myth .

However, have to admit that the quality of life is much higher here and for an italian, well, you feel half way home (bizarre how I tend to speak english first but then people are more comfortable with the italian language instead)

[BlasterBates]

Yes I think workwise London would be better, but there are no lakes in there.


Hi Sandy hope things are well.

[pierretopping]

Next door sold their house for £15k more than we paid for ours exactly a year ago, just hope it carries on for at least another year or so, when we come to sell.

and