Reply to: Nationwide BS House Price Index Aug 2015

[DimPrawn]

"Buying in London? Try Battersea – there’s a proper property price crash going on there" according to Moneyweek Magazine



Buying in London? Try Battersea

Moneyweek woman been talking up a crash for 10 years.

[Martin@AS Financial]

"Buying in London? Try Battersea – there’s a proper property price crash going on there" according to Moneyweek Magazine



Buying in London? Try Battersea

[PurpleGorilla]

Nationwide BS House Price Index Aug 2015

Fantastic news

[Zero Liability]

Feck, I was worried there for a split second that housing might become affordable again!

[Martin@AS Financial]

Latest report from Bloomberg:

"U.K. house prices will rise faster than previously anticipated this year and mortgage lenders, real-estate agents and industry bodies are warning the acute property shortage is set to worsen"

U.K. Housing Shortage Means No Letup in Property-Price Inflation - Bloomberg Business

[AtW]

If a house is on sale for £ 2 mln in Birmingham, there is every possibility its a chancer looking for mugs like you who will pay 10 times the market price.

They've been looking for mugs for the last few years, those houses don't sell quickly here

[MicrosoftBob]

If the house price had dropped dramatically after the crash, then it should be increasing in value a lot more than 6% this year

We were lucky to buy near the bottom of the market, and from people we knew were desperate to sell

So like my property which increased in value by about 35% in the nine months we've owned, it doesn't mean that is happening across the UK

It depends on the local area, and the relative value of the house to others in the area

[DimPrawn]

What sort of tard would spend £2m on a house in Brum?

[fullyautomatix]

OK, I call BS on this BS report.

Got the best kind of prove - anecdotal: a few houses I am tracking did not change the price over last few years, in fact most of them did not sell at all, the price was around £2 mln and still is now.

If a house is on sale for £ 2 mln in Birmingham, there is every possibility its a chancer looking for mugs like you who will pay 10 times the market price.

[AtW]

OK, I call BS on this BS report.

Got the best kind of prove - anecdotal: a few houses I am tracking did not change the price over last few years, in fact most of them did not sell at all, the price was around £2 mln and still is now.

[pjclarke]

RICS reporting overall rise of 6% on the year

That's their projection for all of 2015, Halifax are showing a 9% increase on this time last year.

[Dark Black]

Since I'm benched currently, our house is likely to earn more than I will this year

[Halo Jones]

RICS reporting overall rise of 6% on the year

[DimPrawn]

Do you send your other houses out to work too?

No, they all work from home.

[BrilloPad]

Excellent, my house is the main breadwinner in our family.

I'm glad this govt is doing everything to support "hardworking houses".

Do you send your other houses out to work too?