UK house prices rose by 5% in September compared with a year ago, the Nationwide says, as the property market saw post-lockdown demand continue.
The building society said activity had"recovered strongly" since coronavirus restrictions on viewings were lifted.Price rises across regionsIn the three months from July to the end of September, UK prices were up 1.7% compared with the previous quarter and the average home cost £226,129."The rebound reflects a number of factors.
Stamp duty holiday has caused this.
Until they lose their jobs
So much for a recession...
This is bad, if the housing market continues to “boom” then it will increasingly become harder for young people to get on the housing ladder, especially considering how much unemployment is rising.
Hopefully the boom in house prices will run out of steam soon with rising unemployment and lower wage increases, the comeback of Covid-19 and social restrictions, Brexit issues and the stamp duty holiday ending in March 2021.
Absolute Bullshit! Nothing is moving and more people are getting turned down for lending than ever.. the only way you have a chance of selling, Is to an totally cash buyer at a reduce price.. I know!! I have failed sales into double figures over the last two years!!!
As long as you've got 3o% deposit the banks will lend. Course shit hasn't hit the fan yet.
And straight into a housing bubble.
Let's hope it's not landlords bailing out and selling up, now the rental tax incentives have been reduced and tenants rights increased
How nagative are people here? You all have the Remoaner disease.
Bubble bursting in 3...2...1...💣
No Stamp Duty has simply lengthened the inevitable, a massive crash in 2021
The stamp duty holiday has simply added what would have been paid to the Treasury to the asking price of properties, making them even more unaffordable for renters and the young than before. A price inflating policy which does the opposite of what is needed!
Why aren't you covering the Assange trial? jttps://www.thecanary.co/uk/analysis/2020/09/27/assange-extradition-court-hears-explosive-testimonies-that-undermine-us-indictment-and-provide-grounds-for-dismissal/amp/?__twitter_impression=true
AskNationwide hmm all the properties being bought by offshore entities. No questions asked about where the money comes from.
Personally I'd prefer housing prices to go down so I might actually be able to afford one
How does the rise in prices help us? 🤔
Those who know, know.
Soon crash when people lose their jobs and homes
Unless you get tested positive for COVID then you aren’t eligible. The housing market will soon crash if they continue with that
JusticeForManisha
Well done house 👍
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Source: The Guardian - 🏆 84. / 53 Read more »