UK HOUSE PRICES v MORTGAGE LENDING (pt 1) 2009 to 2010

[redroofestates]

I'll try to put together an updated chart over Christmas but in essence the blue line has been pretty flat since this last chart while boe approvals peaked at 60000 in November 09 at the time of this video and since fell quickly back to c.47,000 region holding at this level all year. Some might argue this is a plateau from which to bounce up, I argue this has just been a consolidation phase in the real house price falling - weakness of prices being shown - prices not rise with better lending

[bohol2005]

Nice video. The comments below show the typical discussion about what affects house prices. There are many indicators that can be used to predict the housing market. House prices are affected by many things but you can spot the immediate demand for houses by the number of enquiries vis-a-vis the number of houses being put on the market. If supply is higher than demand then house prices are likely to fall. See: investmentandbusinessnews.co.u­k/articles/

[Ms69Nicola]

Thank you for your advice

[bmer650]

You are all missing the real reason for the decline, AUD is doing well only because of raw materials to China, All western countries are in decline, the financial crisis was the catalyst but the fact that big business is moving all production out of the west to China for a high but short term gains. Until we stop demanding products at Wal-Mart prices and force the Chinese to reevaluate the RMB and start manufacturing again in the West them we are doomed. You watch over the next 5 years!

[sugarraygras]

Over the next ten years you will see IT jobs moving overseas as well as other blue collar occupations. The outlook is bleak!

[sugarraygras]

What nobody ever seems to take consideration of is that wages are not rising at the same rate as the house prices where as historically there used to be a correlation between the two. The market is still over priced and the consumer should be made aware that an investment requiring more than three times their earninings is a very risky one. Especially when job security is at an all time low.