House prices rise at fastest yearly rate since September 2010

[Martin@AS Financial]

The full June report from Nationwide will be out shortly but the increases are due to "Increased demand for property, the funding for lending scheme and a modest improvement in the economy".

The average UK house price now costs (Thanks Dim Prawn - I remembered this time) £168,941.

House prices rise at fastest yearly rate since September 2010 | News | Mortgage Strategy

[DimPrawn]

All excellent news.

It means moving up the property ladder now costs more, which means people will have to borrow more, which means bigger monthly interest payments to banks, which means bigger bonuses for bankers.

So all getting back to "normal" again. Looking forward to my 125% self cert mortgage next year.

Hopefully this will spur all the TV companies to bring out new series of Homes Under the Hammer, Property Ladder, Relocation Relocation Relocation, Escape to the Country, A Place in the Sun - Home or Away, etc etc etc

[Martin@AS Financial]

[QUOTE=DimPrawn;1767964]

Looking forward to my 125% self cert mortgage next year.



haha - that should be in the Things you don't see nowadays post:

http://forums.contractoruk.com/gener...-nowadays.html

[MarillionFan]

Guy next door to me just sold his 4 bedroom for £480k. I was adamant he was only going to get £425-£450 absolute max.

[Martin@AS Financial]

Full HPI report for June from Nationwide:

https://secure-images.net/CmpDoc/1/1...531C5M,5OET3,1

[DimPrawn]

Virginia Water becomes first town outside London where the average house is worth £1million as Britain adds 1,500 'property millionaires' a WEEK | Mail Online

How another 1,500 Britons a week are becoming 'property millionaires'


That's 78,000 millionaires a year!

And AtW is not one of them.