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Housing market booming

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    Housing market booming

    http://news.bbc.co.uk/1/hi/business/5297672.stm

    The strength of the property market has been highlighted by the latest mortgage figures from the Bank of England.

    The number of new mortgages approved for house buying, but not yet lent, rose again in July to 120,000 - the highest level since the start of 2006.

    Approvals have been rising steadily this year and are up 24% on a year ago.

    Meanwhile the amount of money actually lent on new mortgages in July was £9.8bn, the second highest monthly figure on record.

    The continued acceleration in the value of mortgage borrowing has helped to drive up the total amount of debt owed by individuals in the UK.

    This rose by another £10.9bn in July, pushing the outstanding level of personal debt to £1.24 trillion.


    AtW - I think you better hurry up and make that 1st million. Soon it won't be enough for the deposit on a flat in Brum.

    #2
    www.rightmove.co.uk shows last months figures as dropping by 1.6% bringing rises for this year to 9%.
    What happens in General, stays in General.
    You know what they say about assumptions!

    Comment


      #3
      Grey Slates remain ...Grey Slates.

      Comment


        #4
        Well it's nice that the UK housing market is doing so well when it seems the US housing market is on it's way down a slippery slope...

        oh look

        Older and ...well, just older!!

        Comment


          #5
          We need more immigrants NOW to keep the boom.

          Suggest we get Romania etc in as soon as possible. And lets hope Turkey makes it in soon. They have millions are people looking to boost our economy.

          The future looks extremely bright thanks to Labours excellent handling of the economy.

          You know it makes sense.

          Comment


            #6
            Originally posted by DimPrawn
            We need more immigrants NOW to keep the boom.

            Suggest we get Romania etc in as soon as possible. And lets hope Turkey makes it in soon. They have millions are people looking to boost our economy.

            The future looks extremely bright thanks to Labours excellent handling of the economy.

            You know it makes sense.
            the only way to deal with it, is for all of us to infiltrate their countries.

            poland, ukraine, romania, slovakia, lativa

            and ruin them by drinking and behaving incredibly badly whilst there.

            Comment


              #7
              We're doomed.

              Comment


                #8
                Originally posted by ratewhore
                Well it's nice that the UK housing market is doing so well when it seems the US housing market is on it's way down a slippery slope...

                oh look


                Yeah there's been a steady rate rise there..and its basically killed the market. Since Brits are soooo house crazy I imagine that even in double digit interest rates people will still be buying houses like they buy tops at matalan.
                McCoy: "Medical men are trained in logic."
                Spock: "Trained? Judging from you, I would have guessed it was trial and error."

                Comment


                  #9
                  Originally posted by el duder
                  the only way to deal with it, is for all of us to infiltrate their countries.

                  poland, ukraine, romania, slovakia, lativa

                  and ruin them by drinking and behaving incredibly badly whilst there.

                  You forgot about impregnating their women.

                  Lots of little chavs in hoodies and england tops... ah.... fond memories of home....
                  Vieze Oude Man

                  Comment


                    #10
                    Have a laugh at www.housepricecrash.co.uk

                    I did a little wander over to www.housepricecrash.co.uk

                    Front page is full of predictions by "experts" such as

                    "house prices will fall by up to 45% in the next two years (prediction made in 2003)"

                    Forums there are full of people now predicting large increases in house prices and wanting to know where to buy.



                    There is a lesson to be learned. Choose your domain name carefully.
                    First Law of Contracting: Only the strong survive

                    Comment

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