Nationwide Building Society House Price Index April 19 Nationwide Building Society House Price Index April 19
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  1. #1

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    Default Nationwide Building Society House Price Index April 19

    Key points:

    - Annual house price growth remained subdued at 0.9% in April

    - Prices rose 0.4% month-on-month, after taking account of seasonal factors

    Full report here:

    https://www.nationwide.co.uk/-/media...9/Apr_2019.pdf

  2. #2

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    Quote Originally Posted by Martin@AS Financial View Post
    Key points:

    - Annual house price growth remained subdued at 0.9% in April

    - Prices rose 0.4% month-on-month, after taking account of seasonal factors

    Full report here:

    https://www.nationwide.co.uk/-/media...9/Apr_2019.pdf
    Pretty much flat-lined then.

    We're seeing a lot of price reductions, stuff isn't selling.
    Do what thou wilt

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    Quote Originally Posted by Dark Black View Post
    Pretty much flat-lined then.

    We're seeing a lot of price reductions, stuff isn't selling.
    Isn't that because in reality a lot of stuff is over priced.

    Been looking for a starter property with my little brother

    nothing fancy but when you start looking at £150k for a two bedroom house in a pretty ropey area which needs new wiring, new central heating and completely re decorating you can see there is a problem.

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    Quote Originally Posted by Dark Black View Post
    Pretty much flat-lined then.

    We're seeing a lot of price reductions, stuff isn't selling.
    Since late last year i have noticed an increase on down valuations for remortgages. Surveyors are being incredibly cautious and are generally valuing property at the same or less than was bought for 2 years ago. The saving grace is that rates are still historically low. Currently, there isn't a huge amount of difference between say a mortgage rate on offer with 25% or 40% equity but there is an increase none the less of about 0.1%.

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    Quote Originally Posted by Dark Black View Post
    Pretty much flat-lined then.

    We're seeing a lot of price reductions, stuff isn't selling.
    Depends on the area, most of the houses in our village (in West Yorkshire) that are going up for sale and selling in record times
    “Live a good life. If there are gods and they are just, then they will not care how devout you have been, but will welcome you based on the virtues you have lived by. If there are gods, but unjust, then you should not want to worship them. If there are no gods, then you will be gone, but will have lived a noble life that will live on in the memories of your loved ones.”

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    Quote Originally Posted by original PM View Post
    Isn't that because in reality a lot of stuff is over priced.

    Been looking for a starter property with my little brother

    nothing fancy but when you start looking at £150k for a two bedroom house in a pretty ropey area which needs new wiring, new central heating and completely re decorating you can see there is a problem.
    Tend to agree, but then (IMHO) houses have been overpriced for years.

    Quote Originally Posted by SimonMac View Post
    Depends on the area, most of the houses in our village (in West Yorkshire) that are going up for sale and selling in record times
    Bound to be regional variations - we're looking in the South West. Properties down there that are sensibly priced do tend to sell quickly. However they are rare, the vast majority of stuff coming to market is hanging about until they are reduced a few times (anything from 20k to 50k typically).
    Do what thou wilt

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    So interestingly my brother has bought a flat originally on for 125 reduced to 115

    He got it for 110.

    That's 15 k below the asking price on a property that's been on the market for about 2 months.

    Crazy

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    Quote Originally Posted by SimonMac View Post
    Depends on the area, most of the houses in our village (in West Yorkshire) that are going up for sale and selling in record times
    Have you lived there long?

    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

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