The state of the UK housing market at the moment ?

retired_jkrausse · 10-07-2007, 08:59 PM

Quote:

Originally posted by theboydonegood:
<BLOCKQUOTE>Originally posted by merry_miller:
No they are increased to decrease borrowing when inflation is starting to get above an acceptable level.

well kind of and they are increased so that the people that already have borrowed have less disposable income and less money to spend on goods and or/services.

inflation is basically too much money chasing too few goods so you put interest rates up to basically take money from people so they cant buy stuff or cant afford to borrow to buy stuff therefore the demand for these goods reduces and so does the price.

however rates are likely to be going down again before they rise further so I think a housing crash is a way off yet </BLOCKQUOTE>

Can't see UK rates dropping in the near future as Inflation is still higher than the target

Don't see another rise in the short term either TBH, but after the recent jumps there are many people feeling the pinch

retired_kathydonatto · 10-07-2007, 09:02 PM

Quote:

Originally posted by Synthahols_for_Girls:
<BLOCKQUOTE>Originally posted by theboydonegood:
<BLOCKQUOTE>Originally posted by merry_miller:
No they are increased to decrease borrowing when inflation is starting to get above an acceptable level.

well kind of and they are increased so that the people that already have borrowed have less disposable income and less money to spend on goods and or/services.

inflation is basically too much money chasing too few goods so you put interest rates up to basically take money from people so they cant buy stuff or cant afford to borrow to buy stuff therefore the demand for these goods reduces and so does the price.

however rates are likely to be going down again before they rise further so I think a housing crash is a way off yet </BLOCKQUOTE>

Can't see UK rates dropping in the near future as Inflation is still higher than the target

Don't see another rise in the short term either TBH, but after the recent jumps there are many people feeling the pinch </BLOCKQUOTE>

inflation is below target of 2% @ 1.8% currently and rates are expected to go down

http://www.thisismoney.co.uk/news/article.html?in_artic...=424992&in_page_id=2

retired_hvporter · 10-07-2007, 09:08 PM

On another note, just to get a feel for respective property values elsewhere in the UK, what would 150k buy me in your area?

retired_barbie34 · 10-07-2007, 09:17 PM

Quote:

On another note, just to get a feel for respective property values elsewhere in the UK, what would 150k buy me in your area?

Well last year was when I got mine, for pretty much £150k (London) and its just a one bedroom flat, pretty small.

retired_kathydonatto · 10-07-2007, 09:22 PM

Quote:

Originally posted by Gav Stone:
On another note, just to get a feel for respective property values elsewhere in the UK, what would 150k buy me in your area?

depnds really within 3-4 miles the prices vary you could get a small semi 3 bedrooms or in a better area a two bed terraced,

retired_ball3248 · 10-07-2007, 09:45 PM

Quote:

Originally posted by Gav Stone:
On another note, just to get a feel for respective property values elsewhere in the UK, what would 150k buy me in your area?

3 bed semi in an average area

StewDogg · 10-07-2007, 10:04 PM

Hard to believe £150k can get you a 3-bed anywhere in the country.

I sold my 2-bed flat in London for £240k a couple of months ago. And it was hardly top spec.

retired_stribs · 10-07-2007, 10:06 PM

Quote:

Originally posted by Gav Stone:
On another note, just to get a feel for respective property values elsewhere in the UK, what would 150k buy me in your area?

A Garage?

retired_kathydonatto · 10-07-2007, 10:17 PM

Quote:

Originally posted by Ruudfood:
Hard to believe £150k can get you a 3-bed anywhere in the country.

I sold my 2-bed flat in London for £240k a couple of months ago. And it was hardly top spec.

because london prices are such a good indicator for the rest of the country???

retired_hvporter · 10-07-2007, 10:23 PM

Quote:

Originally posted by theboydonegood:
<BLOCKQUOTE>Originally posted by Ruudfood:
Hard to believe £150k can get you a 3-bed anywhere in the country.

I sold my 2-bed flat in London for £240k a couple of months ago. And it was hardly top spec.

because london prices are such a good indicator for the rest of the country??? </BLOCKQUOTE>Precisely. 150k here in Surrey is worth a 65% share of a 3-bedroomed house. You would be lucky to buy a one bedroom flat with it otherwise, likewise would be the case in London.

Interesting to see what other people could get for that.

The state of the UK housing market at the moment ?

Grab a beer, sit back and relax.

The state of the UK housing market at the moment ?