Boomed - The future of house prices revealed Boomed - The future of house prices revealed
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  1. #1

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    Default Boomed - The future of house prices revealed

    http://www.yourmortgage.co.uk/property_price_predictor

    Stick your postcode in and it will tell you how much your house price is going to grow by (powered by Mystic Meg):

    Year Q1 (%) Q2 (%) Q3 (%) Q4 (%) Yearly Growth (%) Cumulative Growth (%)
    2007 - - 2.98 3.14 6.13 6.22
    2008 1.38 1.04 -0.21 -0.07 2.14 8.50
    2009 -0.07 0.12 0.63 0.83 1.52 10.15
    2010 1.28 1.49 1.57 1.61 5.94 16.84
    2011 1.56 1.40 1.27 1.10 5.32 23.19


    So there.
    Three-and-a-half years, two extensions, seven defections, 21 deselections, three prime ministers, countless amendments, two prorogations, one Supreme Court judgement, 66 million Brits losing the will to live and were still at square one...

  2. #2

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    Year Q1 (%) Q2 (%) Q3 (%) Q4 (%) Yearly Growth (%) Cumulative Growth (%)
    2007 - - 5.62 1.64 7.26 7.36
    2008 2.95 1.67 0.93 1.45 7.00 15.06
    2009 1.01 1.18 1.41 1.34 4.94 20.84
    2010 1.79 1.81 1.91 1.98 7.48 30.14
    2011 1.96 1.92 1.89 1.74 7.50 40.19

    I'm gonna be rich, rich, rich, beyond my wildest dreams!!

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  3. #3

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    Quote Originally Posted by Xenophon View Post
    Year Q1 (%) Q2 (%) Q3 (%) Q4 (%) Yearly Growth (%) Cumulative Growth (%)
    2007 - - 5.62 1.64 7.26 7.36
    2008 2.95 1.67 0.93 1.45 7.00 15.06
    2009 1.01 1.18 1.41 1.34 4.94 20.84
    2010 1.79 1.81 1.91 1.98 7.48 30.14
    2011 1.96 1.92 1.89 1.74 7.50 40.19

    I'm gonna be rich, rich, rich, beyond my wildest dreams!!

    Your Mortgage commissioned Prophit, a data analysis organisation, to predict what could happen to average prices in the next five years. Prophit has taken a range of economic data from a number of sources and constructed a powerful computer programme. Key information includes Gross Domestic Product, inflation forecasts and interest rates from a range of City analysts.

    Demographics, including regional and national population trends and shifts are included, plus employment forecasts as well as current and projected individual income levels. Last, but not least, current and expected levels of housing stock are in the mix, overlaying historic houses prices from the Land Registry.

    The forecasts have been prepared for local authority areas. The estate agents' adage of 'location, location, location' means prices will always vary at street level.

    Disclaimer

    It is essential to remember that these are only predictions and that forecasts cannot be guaranteed. Therefore, no one should enter into any transaction on the basis of these predictions.


    HTH
    Three-and-a-half years, two extensions, seven defections, 21 deselections, three prime ministers, countless amendments, two prorogations, one Supreme Court judgement, 66 million Brits losing the will to live and were still at square one...

  4. #4

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    Is it not powered by Phil and Kirstie ?

    The C4 program 'Best Places to Buy in Britain' was able to state categorically by what percentage a property in for example Dumphole nr Hull would grow in price over 5 years.

  5. #5

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    Quote Originally Posted by DimPrawn View Post
    Your Mortgage commissioned Prophit, a data analysis organisation, to predict what could happen to average prices in the next five years. Prophit has taken a range of economic data from a number of sources and constructed a powerful computer programme. Key information includes Gross Domestic Product, inflation forecasts and interest rates from a range of City analysts.

    Demographics, including regional and national population trends and shifts are included, plus employment forecasts as well as current and projected individual income levels. Last, but not least, current and expected levels of housing stock are in the mix, overlaying historic houses prices from the Land Registry.

    The forecasts have been prepared for local authority areas. The estate agents' adage of 'location, location, location' means prices will always vary at street level.

    Disclaimer

    It is essential to remember that these are only predictions and that forecasts cannot be guaranteed. Therefore, no one should enter into any transaction on the basis of these predictions.


    HTH
    That does help. Seems like a solid piece of analysis.

    RICH I tell you!!
    Rule #76: No excuses. Play like a champion.

  6. #6

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    ferret doesn't make much sense

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    I think their developers got positive and negative figures the wrong way around. Have sent them an email
    my ferret is your ferret

  7. #7

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    Hilarious, I'm gonna retire in 5 years. Wayhaaay.
    Hang on - there is actually a place called Cheddar?? - cailin maith

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  8. #8

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    Only a 23.19% cumulative growth

    I've got 44.15% in Marylebone and even 43.63% in dodgy Bethnal Green.

  9. #9

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    Quote Originally Posted by HairyArsedBloke View Post
    Only a 23.19% cumulative growth

    I've got 44.15% in Marylebone and even 43.63% in dodgy Bethnal Green.
    I'm not greedy like you London types.
    Three-and-a-half years, two extensions, seven defections, 21 deselections, three prime ministers, countless amendments, two prorogations, one Supreme Court judgement, 66 million Brits losing the will to live and were still at square one...

  10. #10

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    I bought my current house in October 07 - these indicators do not take into account the fact that the market started to go down around this time - I got mine about 20k below the market value according to this and houses where I live simply are not moving as the prices are to high

    I would be very suprised if many areas grow by more than 10% over the next 5 years

    Starter homes are tooo expensive so people cannot get on the ladder - so there is noone coming through to buy the houses therefore the prices will stay low.

    Maybe!

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