UK house prices 'rise at fastest rate since 2010'

[AtW]

"UK house prices have risen by 5.4% in the year to August, according to the Halifax's latest house price survey.

It is the highest annual rate since June 2010.

On the Halifax's measure, the average price of a house also went through the £170,000 mark for the first time in five years.

However, the figures are still well below the peak of the market in August 2007, when the average price was almost £200,000.

The Halifax said housing market activity was up thanks to an improving economy, low interest rates, and government-backed schemes such as Help to Buy."

Source: BBC News - UK house prices 'rise at fastest rate since 2010'

Might as well book a viewing...

[BigTime]

dead cat bounce

[sirja]

Wait till help to buy part 2 kicks in next year. We'll have 10% house price inflation by the early 2015 for sure. Of course on the long term it'll all end in tears, but the govt don't care as long as they get elected in 2015

[DimPrawn]

Borrow to the hilt now.

Buy a £1m house.

Next year sell up at £1.1m and move to rented.

£100K tax free for sitting at home waiting for house prices to rise.


Boomed!

[sasguru]

Borrow to the hilt now.

Buy a £1m house.

Next year sell up at £1.1m and move to rented.

£100K tax free for sitting at home waiting for house prices to rise.


Boomed!

Been there, done that, doing that.
No need to move to rented - sell in 20 years and get whatever it is.
Whatever it is will still buy you something bigger almost anywhere else in the world.

HTH

[scooterscot]

Been there, done that, doing that.

Operating in quantum super position are we?. A bit like your arguments.

[sasguru]

Operating in quantum super position are we?. A bit like your arguments.

I'm mortgage free. Total value of properties > 1 million. You?

[AtW]

Next year sell up at £1.1m and move to rented.
£100K tax free for sitting at home waiting for house prices to rise.

That would not be primary residence then?

[AtW]

I'm mortgage free. Total value of properties > 1 million. You?

[scooterscot]

I'm mortgage free. Total value of properties > 1 million. You?

I'm idiot free. Total quality of life value > stratosphere. You?