[Dazbo1983]

Is the long-awaited HPC underway in the North East?

Are we anywhere neat the 'bottom'?

Discuss...

[meow]

Dazbo1983, on 06 August 2011 - 05:03 PM, said:

Is the long-awaited HPC underway in the North East?

Are we anywhere neat the 'bottom'?

Discuss...

1) Yes, has been for a while, few lucky people and persons with houses you'd actually want to buy still getting sales, other than that total stand still, try looking at some postcodes here... http://www.rightmove...de=Start+Search

2) No

*yawn* it is taking a while isn't it, but we're now entering double dip part two and public sector cuts...

As I've said before, this is inevitable, "normal" people can not afford "average" houses + economy buggered = prices drop when sellers are forced... WHEN.

[Dazbo1983]

meow, on 08 August 2011 - 10:14 PM, said:

1) Yes, has been for a while, few lucky people and persons with houses you'd actually want to buy still getting sales, other than that total stand still, try looking at some postcodes here... http://www.rightmove...de=Start+Search

2) No

*yawn* it is taking a while isn't it, but we're now entering double dip part two and public sector cuts...

As I've said before, this is inevitable, "normal" people can not afford "average" houses + economy buggered = prices drop when sellers are forced... WHEN.

Agreed! It seems like as though it is going to be a very long and drawn out affair for as long as IRs remain low.

[Quokka]

Quote

Latest figures show the number of homes in the North East hit by negative equity rising from 7.2% last year to 16.2% this year, the largest increase in the UK. In London the rate rose from 1.3% to 2%, while Scotland, with its devolved powers, rose from 1.3% to 3%.

Read More http://www.journalli...l#ixzz1VE7vvIub

Not good news but a sign that house prices are on the way down in the NE