Originally posted by OwlHoot
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Previously on "Nationwide Building Society December 2016 House Price Index"
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Originally posted by DimPrawn View PostGovt will prop up the UK Ponzi scheme
First-time buyer subsidised homes 'will be built this year' - BBC News
The government subsidising the big developers never fails to amaze me. I still remember when the help to buy schemes were only available for new build properties..
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Originally posted by DimPrawn View PostOh, govt bunging some more money at house builders...
https://www.gov.uk/government/news/f...rnment-support
There will be no room for trees, as the dinky little houses will be packed so close together.
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Oh, govt bunging some more money at house builders...
https://www.gov.uk/government/news/f...rnment-support
The new garden projects will also have access to infrastructure funding programmes across government, such as the new £2.3 billion Housing Infrastructure Fund announced at this year’s Autumn Statement.Last edited by DimPrawn; 3 January 2017, 16:16.
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Govt will prop up the UK Ponzi scheme
First-time buyer subsidised homes 'will be built this year' - BBC News
Thirty areas across England are to receive funding from the £1.2bn "Starter Homes Land Fund" for new developments on brownfield sites.
Buyers must be aged between 23 and 40 and will receive a discount of at least 20% below market value.
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Originally posted by Martin@AS Financial View PostIt's a really good question. My feeling is that we won't see price falls in 2017 as lenders are still confident in the UK housing market. A quick search shows that the main banks are still offering 95% loan to value mortgages which are the first to be pulled when times are uncertain.
There was a good article from the BBC a couple of days ago showing predictions for 2017:
"The experts have a relatively wide spread of predictions for 2017 - from price falls overall to rises matching or outstripping the general level of inflation.
Martin Ellis, housing economist at mortgage lender the Halifax, is offering a hedge-your-bets prediction of between a 1% and 4% rise."
House price predictions for 2017 - BBC News
I'd guess there will be a 1% rise by the end of 2017 which will no doubt lead to a contraction of high LTV offers and consequently buyers which would then see price reductions in the market
or am I just economically illiterate?
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House prices will fall massively.
All apart from luxury apartments in Bham located in a nice area.
HTH
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Originally posted by administrator View PostCheers Martin. Are we going to see prices fall in 2017? Seems to be a lot of building going on...
There was a good article from the BBC a couple of days ago showing predictions for 2017:
"The experts have a relatively wide spread of predictions for 2017 - from price falls overall to rises matching or outstripping the general level of inflation.
Martin Ellis, housing economist at mortgage lender the Halifax, is offering a hedge-your-bets prediction of between a 1% and 4% rise."
House price predictions for 2017 - BBC News
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Originally posted by WTFH View PostSurely that should be zero now, after all the Government/UKBF can no longer blame the EU
Also, if the Brexit trade deal is a fudge and a sell out, which it probably will be, then the UK will continue to be subject to the EU's malign freedom of movement obligation.
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Originally posted by DimPrawn View PostNet migration to UK rises to 333,000 - second highest on record - BBC News
Enough for 330,000 extra people per year?
I don't think so...
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Originally posted by administrator View PostCheers Martin. Are we going to see prices fall in 2017? Seems to be a lot of building going on...
Enough for 330,000 extra people per year?
I don't think so...
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Originally posted by administrator View PostCheers Martin. Are we going to see prices fall in 2017? Seems to be a lot of building going on...
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Cheers Martin. Are we going to see prices fall in 2017? Seems to be a lot of building going on...
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Nationwide Building Society December 2016 House Price Index
Happy New Year - hope everyone had a good Christmas
Key Points:
UK annual house price growth ended 2016 at 4.5%, the same as 2015
Price growth in London ended the year below UK average for first time in 8 years
Full report here:
http://www.nationwide.co.uk/~/media/...ec_Q4_2016.pdfTags: None
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