Originally posted by Martin@AS Financial
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Reply to: Nationwide BS House Price Index Aug 2015
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Previously on "Nationwide BS House Price Index Aug 2015"
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"Buying in London? Try Battersea – there’s a proper property price crash going on there" according to Moneyweek Magazine
Buying in London? Try Battersea
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Nationwide BS House Price Index Aug 2015
Fantastic news
Last edited by PurpleGorilla; 10 September 2015, 21:14.
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Feck, I was worried there for a split second that housing might become affordable again!
Last edited by Zero Liability; 10 September 2015, 20:41.
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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
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Originally posted by fullyautomatix View PostIf 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.
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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
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Originally posted by AtW View PostOK, 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.
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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.
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Since I'm benched currently, our house is likely to earn more than I will this year
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