Nationwide Building Society House Price Index Feb 2018

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DimPrawn replied

2 March 2018, 16:53
Originally posted by ChimpMaster View Post

It won't crash yet. Could in 2019 though when landlords get hit by S24 - a tax most aren't even aware of yet

Agree, we are getting closer to a crash, but think it will take Komrade Korbyn to show what a proper failed state looks like. Till then it's up 700% and down 10% worst case.
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ChimpMaster replied

1 March 2018, 15:11
Originally posted by fullyautomatix View Post

I think this is it. The crash has arrived. Plenty of sheep will suddenly decide to sell and cash in their 'profit' before the crash arrives, thus precipitating the crash. Be ready and have cash in bank and hoover up those cheap houses.

It won't crash yet. Could in 2019 though when landlords get hit by S24 - a tax most aren't even aware of yet

A mini crash will probably ensue but at this time I can't see it happening TBH. London is being re-rated and already down some 10% but it'll probably trickle down another 10% or so and relax there.

We're looking to move house and the next rung on the ladder is a good 50% more expensive than current home, so a crash would in some ways do me good, relatively speaking of course.

If you want to know what a crash feels like, buy Crypto. I'm down 70% in 6 weeks
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PerfectStorm replied

1 March 2018, 14:51
Originally posted by VillageContractor View Post

Seeing a lot of properties in my area having their asking prices reduced having sat on the market for 3-6 months

Yup, serves them right. Nice to see the pendulum swinging the other way for a bit.
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VillageContractor replied

1 March 2018, 12:46
Originally posted by Dark Black View Post

Been watching properties in the area we want to move to, lots of houses coming on at inflated prices compared to last year. Waiting for them to fall before we market ours again.

That too - some ridiculous valuations against other properties on the same street
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Dark Black replied

1 March 2018, 11:42
Been watching properties in the area we want to move to, lots of houses coming on at inflated prices compared to last year. Waiting for them to fall before we market ours again.
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fullyautomatix replied

1 March 2018, 11:41
I think this is it. The crash has arrived. Plenty of sheep will suddenly decide to sell and cash in their 'profit' before the crash arrives, thus precipitating the crash. Be ready and have cash in bank and hoover up those cheap houses.
Leave a comment:
VillageContractor replied

1 March 2018, 10:46
Seeing a lot of properties in my area having their asking prices reduced having sat on the market for 3-6 months
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Martin@AS Financial started a topic Nationwide Building Society House Price Index Feb 2018

1 March 2018, 10:38
Nationwide Building Society House Price Index Feb 2018

Key Points

House price growth falls back in February

• Annual house price growth slows to 2.2%

• Prices fall 0.3% month-on-month

Full report here:

https://www.nationwide.co.uk/-/media...8/Feb_2018.pdf
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