Nationwide Building Society House Price Index Nov 18

[Martin@AS Financial]

Key Points:

Annual house price growth edges up to 1.9%

Modest 0.3% increase month-on-month

Net additions to housing stock just 0.6% below 2007 level



https://www.nationwide.co.uk/-/media...8/Nov_2018.pdf

[AtW]

Pah, AMDs daily growth today alone bigger than this - AMD beats the housing market!!!

[Paddy]

Key Points:

Annual house price growth edges up to 1.9%

Modest 0.3% increase month-on-month

Net additions to housing stock just 0.6% below 2007 level



https://www.nationwide.co.uk/-/media...8/Nov_2018.pdf

The UK does not have the best performing house prices in the EU, there are half a dozen countries ahead of the UK.

Comparisons can be made on this site...

House prices in the EU up 11 % since 2010 - Product - Eurostat

[TwoWolves]

Looks like we've peaked.

All it requires now is a hard Bre*** and the ensuing run on the pound forces the BoE to hike rates and the whole house of cards come crashing down.

Alternatively, Corbin becomes PM - Human sacrifice, dogs and cats living together... mass hysteria!

[Dark Black]

Looks like we've peaked.

All it requires now is a hard Bre*** and the ensuing run on the pound forces the BoE to hike rates and the whole house of cards come crashing down.

Alternatively, Corbin becomes PM - Human sacrifice, dogs and cats living together... mass hysteria!

Prices won't crash, there's too much at stake.

Worst case they may stagnate, people won't sell unless they absolutely have to. Demand outstrips supply and keeps prices up.

If they didn't crash after the credit crunch then they certainly won't crash because of Brexit (if it happens).

[DimPrawn]

UK migration: Fewer EU arrivals but overall figure stays the same - BBC News

EU net migration was 74,000 in the year to the end of June 2018, while non-EU net migration was 248,000.

Are these people living under rocks? No, they are living in houses and flats. This and the BoE money printing for cheap BTL loans, means the in UK property market, demand will always outstrip supply.

Ergo, house prices only ever go up in the long term.

HTH BIDI

[TwoWolves]

Prices won't crash, there's too much at stake.

If they didn't crash after the credit crunch then they certainly won't crash because of Brexit (if it happens).

Broadly I agree that a crash is unlikely but wanted to point out that the tools used to keep prices buoyant after 2008 are now spent. The BoE will be hard pressed to spin both plates in such a scenario.

[Hobosapien]

The picture is obscured further by a whirlwind of sand from crumbling new build mortar.

New homes 'crumbling due to weak mortar'

Two tier housing system on the way as clued up buyers ignore new builds leaving that pile of literal tulip to naive first time buyers suckered into Help to Buy schemes.

So new builds will be literally crashing down while the properly built stuff will remain the gold standard.

Edit: Though there should be a national enquiry in face of the alleged cover up via hush money. PPI firms and ambulance chasing lawyers, here's your next pool of easy money. Maybe the government will claw back some of those billions paid out to their housebuilder boys club in face of rising discontent in the run up to the next election, however soon that may be.

[tazdevil]

Rather than these tacky little boxes our builders like to build we should have industrialised the home build process and returned to prefabs. There are some very nice ones.

[Halo Jones]

Rather than these tacky little boxes our builders like to build we should have industrialised the home build process and returned to prefabs. There are some very nice ones.

Prefab or “off site modular construction” has been they way to go for years, but the English public has a fixated view its only properly built if it’s brick!