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HOUSE PRICE BOOM STARTS AGAIN. Daily Express.
Justin Case
Posts: 341
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Me thinks the workers on that paper are made up with property developers. Dont hold your breath as there are many reasons house prices will continue to plumment. Its only a blip!
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Go figure.:D
Shame their owner is a porn baron.
It's really absorbant.
go figure.
Home ownership is around 70% in the UK
70% of housing is owner-occupied.
Really, I didn't realise it was that high. Fair enough.
Anyway, according to the BBC (Telegraph too) there are 14.54 million owner occupiers in England. The English population is around 51 million.
The population would include families who all live in one property. so while 14.5m actually own the property that property could have any number of people actually living in it.
How many are mortgage free - they are the only true owner occupiers. Until the mortgage is paid off the bank or building society effectively owns the property as their loan is secured on the property.
As from March 26, 2007
http://www.timesonline.co.uk/tol/news/politics/article1567419.ece
So in fact only 30% of people OWN their own home!
Where do you live - Belgravia?:D Asking prices in estate agents windows are not the same as selling prices.
The land registry (i.e. real sales at real prices) tells a different story. Things may have gone up in the last couple of months but to say prices haven't fallen in the last 18 months is not borne out by the facts!
Yes that is indeed correct....
The rest are buying with the aid of a mortgage and in the fullness of time they will all eventually OWN their own home.......unless they are silly and continually re-mortgage to enhance their life style.
Well that's the vast majority of them - this is the UK (borrowing capital of the world).
http://www.ft.com/cms/s/27a56a02-82b4-11de-ab4a-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F27a56a02-82b4-11de-ab4a-00144feabdc0.html&_i_referer=http%3A%2F%2Fwww
Still too high.
I find that very very hard to believe
The Halifax says is £160k - just shows you shouldn't trust any house price data.:D
My guess that includes the Scots and N. Irish who drag the average right down.