{"id":258,"date":"2015-08-02T10:10:23","date_gmt":"2015-08-02T10:10:23","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/house-price-jump-gives-false-hope\/"},"modified":"2018-02-20T10:33:45","modified_gmt":"2018-02-20T10:33:45","slug":"house-price-jump-gives-false-hope","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/house-price-jump-gives-false-hope\/","title":{"rendered":"House Price Jump Gives False Hope?"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<style> <!-- \/* Font Definitions *\/ @font-face {font-family:Calibri; panose-1:2 15 5 2 2 2 4 3 2 4; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 0 0 0 1 0;} @font-face {font-family:Cambria; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 0 0 0 1 0;} \/* Style Definitions *\/ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:\"\"; margin:0cm; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:\"Times New Roman\"; mso-ascii-font-family:Cambria; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:Cambria; mso-fareast-theme-font:minor-latin; mso-hansi-font-family:Cambria; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:\"Times New Roman\"; mso-bidi-theme-font:minor-bidi; mso-ansi-language:EN-US;} @page Section1 {size:595.0pt 842.0pt; margin:72.0pt 90.0pt 72.0pt 90.0pt; mso-header-margin:35.4pt; mso-footer-margin:35.4pt; mso-paper-source:0;} div.Section1 {page:Section1;} --> <\/style>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The UK <a class=\"wl-entity-page-link\" title=\"Real estate economics\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/real-estate-economics\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/real_estate_economics;http:\/\/rdf.freebase.com\/ns\/m.04t2q1;http:\/\/dbpedia.org\/resource\/Real_estate_economics\" >housing market<\/a> is experiencing increased activity and with it a remarkable <a class=\"wl-entity-page-link\" title=\"houses\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/house\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/house;http:\/\/rdf.freebase.com\/ns\/m.03jm5;http:\/\/dbpedia.org\/resource\/House\" >house<\/a> price jump. I ask is this a true housing <a class=\"wl-entity-page-link\" title=\"Market (economics)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/market-economics\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/market_economics;http:\/\/dbpedia.org\/resource\/Market_(economics)\" >market<\/a> recovery or a market riddled with lack of supply and cheap finance. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">It\u2019s a fact that houses prices rose at their fastest <a class=\"wl-entity-page-link\" title=\"rates\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/rates-tax\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/rates_tax;http:\/\/rdf.freebase.com\/ns\/m.03hnzm;http:\/\/yago-knowledge.org\/resource\/Rates_(tax);http:\/\/dbpedia.org\/resource\/Rates_(tax)\" >rate<\/a> in three years last month, in further signs the market is on the mend or is it?<br \/>\n<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Prices rose by 3.9 per cent to an average of \u00a3170,825, according to building society <a title=\"\" href=\"http:\/\/www.nationwide.co.uk\/hpi\/default.htm\" target=\"\">Nationwide. Prices <\/a>saw their strongest annual upswing since August 2010 and rose on a month-on-month basis by a \u2018robust\u2019 0.8 per cent. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">We all want to see activity and have been urging the mortgage industry to pull their fingers out and start lending.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>The good news is that the number of low deposit mortgage deals on offer has more than tripled in the year following the launch of the scheme, with 443 mortgage products available for people with a 5 or 10 per cent deposit.<br \/>\n<\/span><\/p>\n<p class=\"MsoNormal\">\n<p><img src=\"http:\/\/i.telegraph.co.uk\/multimedia\/archive\/02633\/Nationwide_house_p_2633749b.jpg\" alt=\"House Prices\" align=\"none\" \/><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"> I wonder how many of those approved <a class=\"wl-entity-page-link\" title=\"Mortgage\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/mortgage-loan\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/mortgage_loan;http:\/\/rdf.freebase.com\/ns\/m.0273t5w;http:\/\/dbpedia.org\/resource\/Mortgage_loan\" >mortgages<\/a> were down in the South of the country? I have a sneaking feeling it will be a large percentage. I have seen from my <a title=\"\" href=\"http:\/\/www.homesgofast.com\" target=\"\">international real estate website Homesgofast.com <\/a>how <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/london\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/london;http:\/\/sws.geonames.org\/2643743\/;http:\/\/rdf.freebase.com\/ns\/m.04jpl;http:\/\/yago-knowledge.org\/resource\/London;http:\/\/dbpedia.org\/resource\/London\" >London<\/a> <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property;http:\/\/rdf.freebase.com\/ns\/m.05wrt;http:\/\/dbpedia.org\/resource\/Property\" >property<\/a> is the golden boy of the overseas property market. Fuelled by rich Chinese and Russians, London tends to give the UK housing market incorrect readings.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Martin Ellis, housing economist at Halifax, said:\u00a0\u201cSentiment regarding the outlook for house prices has improved markedly over the past three months, continuing the trend seen since late 2012. This increase in optimism is partly due to house prices being stronger than expected in the first half of the year. We continue to see a clear north-south divide with significantly higher proportions of people expecting prices to rise in the south than elsewhere in the UK.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Robert Gardner<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>from Nationwide said &#8220;the supply side of the market remains constrained&#8221; with building activity &#8220;subdued&#8221;. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">&#8220;In the first quarter housing completions in England were down 8pc compared to the same period of 2012 and around 40pc below the average number of quarterly completions in 2007,&#8221; he said. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The Help to buy scheme is allowing buyers with 5% deposit to finance a new <a class=\"wl-entity-page-link\" title=\"homes\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/housing-estate\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/housing_estate;http:\/\/rdf.freebase.com\/ns\/m.01rtvp;http:\/\/dbpedia.org\/resource\/Housing_estate\" >home<\/a> learn more:<br \/>\n<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><a title=\"\" href=\"http:\/\/thelittlehousecompany.com\/posts\/52\/help_to_buy_scheme\" target=\"\">Help To Buy Scheme<\/a><br \/>\n<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">I think we need to be really careful with how the government is providing cheap finance and that we don\u2019t head for boom and bust.<br \/>\n<\/span><\/p>\n<p class=\"MsoNormal\"><b><span lang=\"EN-US\">A housing market on Vodka Redbull is no good for anyone.<\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Slow and steady is what is needed my concerns are that lack of supply combined with cheap finance will eventually price us all out of the market!<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Author<br \/>\n<a href=\" https:\/\/plus.google.com\/115654041100964611788?rel=author\">Nick Marr<\/a><br \/>\n<\/span><\/p>\n<p><span lang=\"EN-US\"><img loading=\"lazy\" src=\"https:\/\/si0.twimg.com\/profile_images\/1175332220\/large9407.jpg\" alt=\"Nick Marr\" width=\"161\" height=\"122\" align=\"none\" \/><\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK housing market is experiencing increased activity and with it a remarkable house price jump. I ask is this a true housing market recovery or a market riddled with lack of supply and cheap finance. \u00a0 It\u2019s a fact<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/house-price-jump-gives-false-hope\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":259,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[17],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2015\/02\/house_price_increasing_false_hope.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/house_price_jump_gives_false_hope_","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/258"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=258"}],"version-history":[{"count":2,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/258\/revisions"}],"predecessor-version":[{"id":15247,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/258\/revisions\/15247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/259"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=258"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}