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Daily Boom!

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    Daily Boom!

    http://www1.landregistry.gov.uk/asse...PIJan10tur.pdf

    The January data shows an
    annual house price movement of
    5.2 per cent, which is the second
    month in a row in which the
    figure has been positive. While
    not all regions are recovering at
    the same rate, it is clear that
    overall prices are increasing.
    Monthly house price change is
    also positive this month at 2.1
    per cent. This is the eighth
    consecutive month that the
    figure has been above zero.


    January's data shows that
    London experienced a rise in
    annual growth rates, with an
    increase of 10.5 per cent
    . This
    was the strongest annual
    growth of any region and over
    double the figure for England
    and Wales as a whole, which
    currently stands at 5.2 per cent.
    January marks the fourth
    consecutive month of positive
    annual house price changes in
    London.
    London's monthly change of 3.9
    per cent is the greatest increase
    of any of the regions and is the
    eighth month in a row in which
    the capital has experienced a
    monthly movement greater
    than zero.

    The average value of a property
    in London is now £336,212.



    What ******* recession?

    Not in the SE anyway.

    Gordon Gordon Gordon!


    #2
    Yeah right.....

    http://www.moneyweek.com/investments...oney%2BMorning

    Comment


      #3
      Yeah I'll listen to serial renter Merryn Somerset Webb who has been talking down the housing market and talking up Japanese stocks () for the last decade.

      Comment


        #4
        Do you seriously believe that the property market fall is over?

        Comment


          #5
          Originally posted by Hiram King Of Tyre View Post
          Do you seriously believe that the property market fall is over?
          For the SE and London yes.

          Gordon is going to keep printing money and that money is going to end up in the hands of 100,000's of bank staff in the form of ever larger bonuses.

          Those bonuses are going to find their way into the London property market and anywhere commutable to London.

          Comment


            #6
            OK. To be honest as an outwright owner with no mortgage, it makes verry little difference to me (directly).

            Where do you think MSWs areguments are flawed?

            Comment


              #7
              Originally posted by Hiram King Of Tyre View Post
              OK. To be honest as an outwright owner with no mortgage, it makes verry little difference to me (directly).

              Where do you think MSWs areguments are flawed?
              Because they are based on the same old "unemployment is rising so house prices fall" and "people coming off fixed price deals in a for a shock" bollux.

              That woman makes about as much sense as AtW.

              Comment


                #8
                Do you not agree that unemployment is rising and fixed deals are ending?

                What are new mortgage deals like now?

                Comment


                  #9
                  Originally posted by Hiram King Of Tyre View Post
                  Do you not agree that unemployment is rising and fixed deals are ending?

                  What are new mortgage deals like now?
                  Bloody expensive, but I've managed to transfer my liftime tracker to the new property we are buying. Current rate BoE +0.48%, new mortgage approx 6% !!

                  And before people start saying stupid time to buy, its a home first, investment second!
                  Beer
                  is proof that God loves us and wants us to be happy.
                  Benjamin Franklin

                  Comment


                    #10
                    Prawnie is right.

                    Comment

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