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Previously on "Nationwide Building Society House Price Index June 22"

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  • AtW
    replied
    Originally posted by _V_ View Post
    Victorian values.
    Victorian level of services also, but with Old Labour taxes.

    Leave a comment:


  • _V_
    replied
    Boris has the answer.

    https://www.independent.co.uk/news/u...-b2113882.html

    Expect prices to double and double again as they pass to grand children and then great grandchildren.

    Victorian values.

    Leave a comment:


  • d000hg
    replied
    Even the mid-2000s wasn't really a crash was it? People were saying "this is just the start" while things went back up again (and up, and up).
    It seems like something has to give but then we've been saying that for really quite a long time.

    10% house price rise, 10% inflation - prices are now stable

    Leave a comment:


  • SueEllen
    replied
    "Investors" e.g. foreign people who don't know what they are buying and include many who are happy to keep their property empty so it stays new, are what is propping up some of the market now in all cities and towns in the UK.

    Leave a comment:


  • DealorNoDeal
    replied
    Originally posted by northernladuk View Post
    How long can this level of growth be sustained? I get we are an island and we aren't building enough houses for the level of immigration let alone exponential population growth but there has to be a level where this just is not sustainable and it crashes again? I ask as people have been expecting this almost from the growth after the last crash but it's skyrocketed with no sign of it. Or is this the new cost of home ownership and it's here to stay?
    Property market downturns usually coincide with recessions (eg. late 80s, 2008/9).

    If the next one is similar then there will be fall in prices followed by several years of going sideways, before it all starts up again.

    Leave a comment:


  • northernladuk
    replied
    How long can this level of growth be sustained? I get we are an island and we aren't building enough houses for the level of immigration let alone exponential population growth but there has to be a level where this just is not sustainable and it crashes again? I ask as people have been expecting this almost from the growth after the last crash but it's skyrocketed with no sign of it. Or is this the new cost of home ownership and it's here to stay?

    Leave a comment:


  • Nationwide Building Society House Price Index June 22

    Key points:
    • Modest slowing in annual UK house price growth to 10.7% in June, from 11.2% in May
    • Most regions saw slight slowing in annual growth in Q2
    • South West overtook Wales as strongest performing region, while London remained weakest
    • South West also strongest performing region through the pandemic


    Full reports here for national and regional:

    https://www.nationwidehousepriceinde...-double-digits

    Interestingly, the south west is now the strongest performing area based on Nationwide's research and believe this is closely with tourism. It may well be as the report suggest, people are buying second or holiday homes which will be easier to travel to compared with overseas travel at the moment.

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