Even when he mentioned rents rising and the 5 year thing at the end, he didn't really sound like he believed what he was saying!
Here in Belfast there is an EA that seems to be trying to get sellers to undercut each other to drive the market down to a level where people can afford houses, as quickly as possible. It will be interesting to see if more EAs accross the UK start to do that in an attemt to get sales.
Although this depends I suppose on whether buyers will allow their houses to be listed at below 'market values'.
Edited by JoeDavola, 23 August 2008 - 12:00 PM.