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B B C Radio 2 Jeremy Vine Show 06.08.08

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#31 JoeDavola


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Posted 23 August 2008 - 11:59 AM

I was actually surprised at how bearish the EA was - I think he was as bearish as you could ever expect an EA to be, given that selling houses is how they earn a living.

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.

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