Well thanks to the Covid house price boom in the NE, we have just completed the sale of our first ever home. After 16 years, Covid finally pushed the price back up to the heady heights of 2005 when we bought right at the peak before prices collapses 30%.
I don't want to brag, but we got £66k for it.
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Previously on "Nationwide Building Society House Price Index Dec 21"
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Originally posted by d000hg View PostI dunno, we have rooms we haven't used in 2 years and one room we literally hadn't been in for a year - we only use it to plug in an outside Christmas light and unplug in January!
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Originally posted by WTFH View Post
INKSPE!
No chauffeur?
Last edited by northernladuk; 10 January 2022, 22:00.
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Originally posted by PCTNN View Post
This time last year my partner and I were living in a 55sqm 1 bedroom apartment, cluttered AF. We needed more space so we sold the flat in the city centre and now we are living in a 150sqm 4 bedroom detached house in the outskirts. Still cluttered, still not enough space. When does it end?
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Originally posted by mattster View Post
...if you are not already in the biggest house you are ever going to need...
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Originally posted by Martin@AS Financial View PostHappy new year all.
UK house prices end the year at a record high, with annual price growth in double digits
Key points:
• Annual house price growth increased to 10.4%, from 10.0% in November
• 2021 was the strongest calendar year for house price growth since 2006
• Price of a typical UK home hit record high of £254,822, up nearly £24,000 over the year
• Wales was the strongest performing region in 2021, London the weakest
Interestingly, London remains the weakest performer and certainly in my experience, I am continuing to arrange a lot of mortgages for clients who are leaving the city in the search of the perfect work from home property.
January in my industry is always a good indication of how the year will pan out as it is a month which is dictated by the new years resolution to move house. This is particularly relevant for first time buyers who have had enough of paying rent.
Full report here:
Download the latest report
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Originally posted by AtW View Post
It's a matter of perspective - to those who don't own property it's inflation, but for those who do it's wealth growth
HTH
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I managed to sell my buy-to-let in September (well, it was actually a let-to-buy as I couldn't sell when I needed to buy) and I'm hoping 2021 saw the peak of the market so that I'm in a good position when I come to consolidate and sell my current home with a view to buying something bigger with the proceeds from the sale and the lump sum from my BTL sale.
I suspect it wasn't the peak but I'm pretty sure growth is going to slow considerably.
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