Re: on the uk housing market...

On Sat, 31 Dec 2005 11:33:18 -0000, "DVH" <dvh@xxxxxxxxxxxx>
mysteriously appeared thru the usenet mist to inform us thus...

>
>"hummingbird" <ZYLYDWINUSED@xxxxxxxxxxxxx> wrote in message
>news:jipcr113ha3mtiv4cqac73ehph76dhl80s@xxxxxxxxxx
>> On Sat, 31 Dec 2005 01:35:25 GMT, Maria <frustated@xxxxxxxx>
>> mysteriously appeared thru the usenet mist to inform us thus...
>>
>> >On Sat, 31 Dec 2005 01:14:01 +0000, hummingbird
>> ><ZYLYDWINUSED@xxxxxxxxxxxxx> wrote:
>> >
>> >>On Fri, 30 Dec 2005 22:45:38 +0100, abelard <abelard2@xxxxxxxxxxx>
>> >> mysteriously appeared thru the usenet mist to inform us thus...
>> >>
>> >>>worthy of a scan for those interested in this area...
>> >>>http://www.spectator.co.uk/article_pfv.php?id=7126
>> >>
>> >>
>> >>From the article by Mr Nixon:
>> >>"In the last few months there were more buyer inquiries, more mortgage
>> >>applications and approvals, and more transactions completed."
>> >>
>> >>How many of these new mortgages are actually remortgages?
>> >>Mr Nixon doesn't say or doesn't know.
>> >>
>> >>"Between 1999 and mid-2004 house prices rose 120 per cent..."
>> >>
>> >>Really? It must depend on the area. I know of one local property in
>> >>glorious Wimbledon which was sold new in Jan/2000 for £230k and resold
>> >>May/2005 for £287k. That's not a 120% increase or anything like it.
>> >>In 2003/2004 it was valued higher than £287k but still not by 120%
>> >>over the original price. I suggest there's been a fall in prices which
>> >>Mr Nixon isn't aware of.
>> >
>> >In 2000, my pad was 'worth' £30K - now it's 'worth' £120K. Allegedly!
>>
>> 300% increase! Wow!
>
>400
>
300

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.

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