“Anything – property or land – is worth what someone is prepared to pay for it so why it might be baffling that this plot of grass has fetched such a price, it’s obviously worth it to someone,” said Nicholas Ayre, managing director of homebuying agency Home Fusion.
“You have the London market and then you have the rest of the country so it almost needs its own house-price index and special consideration. The gap between north and south has become more pronounced than ever even though prices rose in every region in the UK, suggesting the recovery is becoming more broad based.”
“The problem continues to be limited supply of housing: not enough is being built, which results in rising prices. Domestic demand remains strong but some of the bigger schemes are also being driven by offshore demand, and this is pushing prices higher still.”
“It is no wonder that George Osborne is beginning to get twitchy and is giving the Bank of England powers to put the brakes on Help to Buy if it gets out of hand,” said Nicholas Ayre, managing director of homebuying agency Home Fusion.
“Although fears of a house price bubble are overstated, it is important not to be complacent. A bubble implies that people are buying anything at any price, and they are not, but the fear is that if demand continues to surge at the levels we are seeing, this will start to happen.”
“Artisan bread shops are another one to watch out for,” said Nicholas Ayre, managing director of homebuying agency Home Fusion.
“The only people who can afford £3 for a loaf of bread are going to be wealthy ones so if they are moving into the area, it must be up and coming.”
See also: Organic fry-ups / craft beer / decent lattes
“The ONS July 2013 numbers are not really a surprise with the main driver of growth coming from London and the South while prices in Scotland and Wales have seen a fall.
“We are again seeing demand and supply economics at play with a limited supply of housing, but yet strong demand, both domestically and from international buyers in London who are helping stimulate the economy.”
‘Prices continue to rise but not as robustly as in the past few months, suggesting fears of a house price bubble are overstated.
‘A bubble implies that people are buying anything at any price and they aren’t. Buyers are being selective and sellers who are set on a certain price with little regard to what the market thinks the property is worth are struggling to sell.’
‘Prices continue to rise but not as robustly as in the past few months, suggesting fears of a house price bubble are overstated.’
‘A bubble implies that people are buying anything at any price and they aren’t. Buyers are being selective and sellers who are set on a certain price with little regard to what the market thinks the property is worth are struggling to sell.’
Nicholas Ayre, managing director of homebuying agency Home Fusion, said: “Prices continue to rise but not as robustly as in the past few months, suggesting fears of a house price bubble are overstated. A bubble implies that people are buying anything at any price and they aren’t. Buyers are being selective and sellers who are set on a certain price with little regard to what the market thinks the property is worth are struggling to sell.
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