House prices

[alreadypacked]

Wharf News, this week 1BR apartment Dockland £145000.00. Lowest I have seen yet.

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/8219710.stm

The number of mortgages approved for house purchases by the major High Street banks has risen to a 17-month high, figures show.

The British Bankers' Association (BBA) said approvals in July stood at 38,181, a rise of 7.4% compared with June and 77% higher than a year ago.



There is no house price crash and there never will be.

Fill yer boots with tasty BTL properties NOW and retire a millionaire.

[TimberWolf]

Guess U folks did'nt get the Memo about the BofE (and interest rates) being run By the EU Central Bank when we go under full EU Control in a few months?

They will be deciding what happens to house prices from now on

This Countrys infatuation with property is about to get harmonized with 27 other countries.

Funny how very few people know this

GW

So what does that mean for house prices?

[GWilliy]

Originally Posted by TimberWolf
You mean BOE decisions aren't decided by nods and winks and social grooming at private functions, but are really independent?

Guess U folks did'nt get the Memo about the BofE (and interest rates) being run By the EU Central Bank when we go under full EU Control in a few months?

They will be deciding what happens to house prices from now on

This Countrys infatuation with property is about to get harmonized with 27 other countries.

Funny how very few people know this

GW

[TinTrump]

You mean BOE decisions aren't decided by nods and winks and social grooming at private functions, but are really independent?

I thought you'd like social grooming?

[TimberWolf]

Outside of their control unless they undo Lab's decision to give to BofE. Which I don't they will.

You mean BOE decisions aren't decided by nods and winks and social grooming at private functions, but are really independent?

[Pondlife]

Will they go up or down? I have put very little effort into this poll.

Yes, no, maybe.

When do I need to make a decision?

[TinTrump]

Depends a lot with what happens with interest rates. What will the conservatives do with them if they get in?

Outside of their control unless they undo Lab's decision to give to BofE. Which I don't they will.

[TimberWolf]

Depends a lot with what happens with interest rates. What will the conservatives do with them if they get in?

[Bright Spark]

They will go up because
1) low savings rates offered by banks
2) mortgages approvals increasing
3) increasing population
4) If everything else collapses you still have a physical asset!

[Moscow Mule]

I think they will bump along pretty much as they are for at least another year.

[sunnysan]

Bollox

The improvement in housing market conditions, however, does not mean that the positive price trends of recent
months can be extrapolated into the future in a straight line. If prices continue to increase at the rate of the last
three months, they would soon rise to levels that would be noticeably out of line with earnings, rents and other
fundamental determinants of housing valuations. One should also not underestimate the impact over time of high
unemployment, which has implications both for buyer confidence and the financial pressure on existing owners to
sell. It is unlikely, therefore, that price increases can be sustained for long at the very strong rate observed over
the last few months.

So yes no and maybe

Next

[Sysman]

Maybe.

[ThomasSoerensen]

yes

[TimberWolf]

Will they go up or down? I have put very little effort into this poll.