UK house prices fall for third consecutive month as mortgage costs keep buyers away

Ponzi unravelling - Look out below (ooops forget, there is no one below, no line of willing buyers, no banks willing to lend - just a great big vacuous space ...............)

:-) haha Newtons, you and I have been seeing and saying the same thing now for many years, increasingly amazed at how circumstances have continued to be be orchestrated to keep this artificial house price growth going. The most laughable and outrageous of course being the government giving the country some £400 billion during the, once again orchestrated, covid lock downs to pretend everything was fine, resulting in the straddling of debt payback for decades on the next generation. Normal market forces would have levelled this house price playing field allowing the next generations to afford their own properties in the way previous generations did but alas normal market forces have been thrown out of the window. Let's see what comes next to keep this artificial house price growth going. Happy new year to you.

And a Very Happy New Year to you to Sir , Indeed the appearance of both the pandemic and the money printer extraordinaire Mr Sunak did appear as if by miracle to rescue the housing market at the exact same moment as the Repo market was rolling over in 2019 .... Still, no matter ... the collapse was just put off, not cancelled , and , as I'm all Gold, Silver and Bitcoin I'm bathing in cash like Scroodge MacDuck and watching the GBP lose as much value 45% as the UK Housing ponzi has made since 2008 i.e.45% (Funny that

This one feels far more like 1989 to 96 tho' , when London got so overvalued 70 to 90% drops were commonplace.. seems we really do have to wait for the new generation to forget the last drop before another Property ponzi comes along !! A word of advice to anyone interested ...every area is "Special" and "Unique" and "Could never happen here" ...happened to me in London W1 prime residential in 1989 ..... like Crypto .. Bitcoin go up... all go up ... Bitcoin go down ... all go down ... Now W1 is rolling over , it'll all roll over .. but this time the Debt is so much larger !!

Rates are back down at 3.5% for a 95% mortgage folks - look at money supermarket

It's about 5% if you allow no fees to be added today from under 2% within last 2Y
anything but a fixed rate is very risky, that deal above is for gamblers + fees.
Robo the PM won't meet one of his 5 pledges without a lot of luck.
House prices are tanking right now at the coalface,
The £ numbers for sold today are from before the Truss fiasco, thats how long it takes to complete.