BOOMED: House Prices!

[AtW]

"UK house prices see highest growth in six years in 2020"

UK house prices climbed 7.5% in 2020, the highest growth rate for six years, building society Nationwide found.

Prices ended the year 5.3% above the level prevailing in March, a resilience that seemed unlikely at the start of the pandemic, it said.

Housing demand has been buoyed by a raft of policy measures and changing preferences due to the pandemic.

House prices were 0.8% higher in December than November, with the average property valued at £230,920."

UK house prices see highest growth in six years in 2020 - BBC News

Luxury bedsits over kebab shops doing particular well!

[minestrone]

You spent 6 months telling us they were going to go down.

[AtW]

I was convinced the house prices will crash for at least 15 years, right until the moment I bought my luxury bedsit over a kebab shop - now I am a permabull

[minestrone]

"changing preferences" == White flight

[minestrone]

Land registry transactions are probably about 40% of where they usually are.

The nationwide are presenting a picture of normalcy based upon a section of the market that can still get credit.

[Whorty]

"changing preferences" == White flight

Why the need for a racist comment?

[minestrone]

The BBC knows we all know what "changing preferences" means.

[SueEllen]

"changing preferences" == White flight

If he's brought over a kebab shop he's clearly done the opposite and trying to fit in like a good immigrant.

[Whorty]

The BBC knows we all know what "changing preferences" means.

Really? In your racist mind, maybe, but to me it means something else completely.

[TheGreenBastard]

It's hard to imagine white flight is happening in London.

In fact, London prices are doing rather well: Islington records UK's highest house price growth of 2020 at 13.4% | Money | The Guardian

We'll see if new ways of working stick and if people want to escape London etc. (I did think it would happen).