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View Full Version : Boomed II



King Cnvt
13th August 2007, 13:12
http://news.bbc.co.uk/1/hi/business/6943797.stm

UK house prices were 12.1% higher in June than a year earlier, according to the latest government figures.

The rate of growth was the highest since March 2005, and compares with May's revised figure of 10.8%.

The average UK house price rose from £210,793 in May to £214,222 in June, according to the Department of Communities and Local Government.

Recent surveys from the Halifax and Nationwide have also seen price growth remain strong.

http://news.bbc.co.uk/1/hi/business/6943083.stm

Global stock markets have recovered some ground from last week's sharp falls after central banks moved to ease fears of a worldwide credit crisis.
European markets rose in morning trade, although the European Central Bank still pumped an extra 48bn euros ($65bn; £32bn) into the banking system.

By early afternoon, London's FTSE 100 was up 145 points to 6,183, while the Germany Dax was up 83 points to 7,426.


:banana:

Muttley08
13th August 2007, 13:14
That speccy bloke from the monetary committee will be warming up for another increase...

chicane
13th August 2007, 13:19
That speccy bloke from the monetary committee will be warming up for another increase...

Houses are more of a fashion accessory than a necessity nowadays. As long as there are people buying £200 handbags in Debenhams, there will be people buying houses that are way beyond their true financial reach.

By increasing rates, the BoE will only make people more skint than they already are, but probably do little to affect house prices in the long run.

Muttley08
13th August 2007, 13:22
This has probably been discussed to death...but the BTL'ers are the pivot...

Spoke to an IFA this am, who reckoned some were selling up at the moment...which could be the trigger...

Which is a shame, as I'm about to move and take out another mortgage, 6 months after I paid the last one off... :mad:

BlasterBates
13th August 2007, 13:40
UK house prices were 12.1% higher in June than a year earlier




Yes in June houses were booming.

However in August I think it is crash, bang, wollop.

RightLaugh
13th August 2007, 13:43
This has probably been discussed to death...but the BTL'ers are the pivot...

Spoke to an IFA this am, who reckoned some were selling up at the moment...which could be the trigger...

Which is a shame, as I'm about to move and take out another mortgage, 6 months after I paid the last one off... :mad:

snap. are you me. didn't last long did it. still nice to say you were mortgage free.

Muttley08
13th August 2007, 13:46
snap. are you me. didn't last long did it. still nice to say you were mortgage free.

I know...regularly read up various places (Moneyweek etc) about liquifying assets to take advantage etc....but then you can't put your life on hold waiting for perfect conditions (especially how much the neighbours are annoying me at the moment!!!)

Oh well, dreams of early retirment disappear...

chicane
13th August 2007, 13:50
especially how much the neighbours are annoying me at the moment!!!

What are the neighbours doing to annoy you?

Muttley08
13th August 2007, 13:52
What are the neighbours doing to annoy you?

It would be a long story....too loud, too many kids, too weird by half

We'd ideally move in about 18 months, but just moved it forward.

Francko
13th August 2007, 13:55
Yes in June houses were booming.

However in August I think it is crash, bang, wollop.

People in the UK are so lucky. Getting 10% richer every year until the sun will explode.