House prices now fast approaching 2007 peak

MortgageSolutions

“The London market powers onwards, according to the Land Registry, with double-digit growth. But agents suggest that sentiment is changing as buyers are taking more time to consider a purchase before taking the plunge.

“Mark Carney has made it clear that interest rates will go up sooner rather than later so buyers are rightly asking whether they can they afford the property now and also in a year’s time when rates could be higher. Even a 0.25 percentage point rise will make a difference: it may not sound like much but that’s a 50% jump from where we are now so it needs to be taken seriously.”

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House prices: London now ‘far ahead of the curve’

TheIndependent

“The London market powers onwards  with double-digit growth,

“But agents suggest that sentiment is changing as buyers are taking more time to consider a purchase before taking the plunge.

“Mark Carney has made it clear that interest rates will go up sooner rather than later so buyers are rightly asking whether they can they afford the property now and also in a year’s time when rates could be higher. Even a 0.25 percentage point rise will make a difference.”

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Pension funds into property?

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“While property is attractive to investors because it is tangible and people understand it better than stocks and shares, it is important to spread your investment risk particularly as property prices can go down as well as up,”

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House prices soar by 9.9pc

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“The market has turned a little since the period the ONS is reflecting and buyers are now taking a breath.

“The upward pressure on prices has subsided as buyers have decided that they won’t pay just anything. We are seeing the market correct itself without the need for blunt instruments of intervention from the Bank of England.

“Potential buyers are also paying heed to the never-ending warnings from Mark Carney regarding interest rate rises. Even those clients of mine who are buying for cash and don’t need a mortgage are paying attention to the warnings, and taking their foot off the gas a little.”

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