Welcome to the reallymoving forum
Got questions and need some advice? Our forums have answers on everything from choosing the right property, to renting and selling.
  • If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Announcement

Collapse
No announcement yet.

House prices up in March

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • House prices up in March

    Nationwide today said that average property prices increased in March by 0.9%, the first rise since October 20078.

    However Fionnuala Earley, Nationwide's chief economist was quick to dampen any thoughts of a recovery, stating "it is far too soon to see this as evidence that the trough of the market has been reached" and that quantitative easing and low interest rates would take more time to filter through the economy and lead to a sustained recovery in the housing market.

    This will still come as positive news to anyone who currently owns a house and has been watching their equity gradually drain away. Combined with news that buyer interest is up and mortgage loan approvals on the rise, it certainly paints a prettier picture than some of news over the past year.
    Independent Mortgage Advisor, expert in residential, buy to let, holiday let, and refinance mortgages

  • #2
    I agree it does sound bit more positive. I'm glad a friend of mine bought a starter house shortly before the crash with a 100% mortgage they've been finding it hard.
    Last edited by Property Cashpoint; 08-04-2009, 05:12 PM. Reason: punctuation
    Portugal Property for Sale

    Comment


    • #3
      Re: House prices up in March

      I think that in UK, when the weather starts warming up, more people want to look at property and so it usually results in more sales.
      So perhaps it's due to the better weather. I think summer is usually a good time to market your property for sale.

      Comment


      • #4
        Re: House prices up in March

        Originally posted by mortgage_advisor View Post
        Nationwide today said that average property prices increased in March by 0.9%, the first rise since October 20078.

        However Fionnuala Earley, Nationwide's chief economist was quick to dampen any thoughts of a recovery, stating "it is far too soon to see this as evidence that the trough of the market has been reached" and that quantitative easing and low interest rates would take more time to filter through the economy and lead to a sustained recovery in the housing market.

        This will still come as positive news to anyone who currently owns a house and has been watching their equity gradually drain away. Combined with news that buyer interest is up and mortgage loan approvals on the rise, it certainly paints a prettier picture than some of news over the past year.
        Hogwash.
        Property prices are static to falling, very slightly but falling.
        I own several properties that are let and in an effort to dispose of one which is ina desirable area and good condition in the Canford Heath area of Poole, have found it impossible to do so anywhere near a sensible price.
        Finally and reluctantly have now agreed to a sale price, some £8000 more than I paid for it in 2006.
        I hasten to add that it was purchased at a sensible price at the time.

        Comment

        Working...
        X