The Haart Price Reductions Thread Monitoring falls in real time
Posted 26 January 2005 - 08:57 PM
Haart: General, most of the south & midlands
Felicity J Lords: Plush London properties
Spicer McColl: London, Essex, Kent, Hartfordshire, Cambridgeshire, Norfolk, Sufolk
Bailys: East Sussex
Darlows: South Wales
Haart: 969/9837 (9.85%)
FJL: 64/780 (8.2%)
Spicer McColl: 403/3653 (11.03%)
Bailys: 9/56 (16.07%)
Darlows: 148/1940 (7.63%)
To be updated from time to time!
"If you let inflation expectations drift too far away from the target, you can end up in quite serious difficulty with a costly process to bring them back again." - Mervyn King, 2005
Posted 27 January 2005 - 03:37 PM
I ended up chatting to the EA who wouldnt let me off the phone - every time I tried to end the call she asked me another question. Basically she frightened the hell out of me. All I wanted to know was if the property was still on the market. She kept me on the phone for 5 minutes asking how much deposit I had and who is mortgage offer with, and she could get me a better one, blah, blah, blah.
According to her property is flying off the shelves !!! and that the downturn in the market is only in London. Cant believe it myself. I have been checking rightmove co uk and there is over 250 properties for sale just in my local area with more added each day. Another EA has dozens of reduced sales and no chains. Also I have lost count of the new property thats being thrown up. There are new developments everywhere!
At lunchtime I strolled around the estate agents in Manchester town centre - every one was empty. A letting agency (who I have rented from in the past) has decided to dedicate a window to sales instead of the to lets?
Speaking to that EA actually made my skin crawl - yuk - doesnt fill me with hope when it comes to my turn!
Posted 27 January 2005 - 03:41 PM
If property is flying off the shelves, why does she have 5 minutes to spend on the phone begging you to buy?
Posted 27 January 2005 - 05:36 PM
zzg113, on Jan 27 2005, 03:41 PM, said:
I know !!!
She kept chewing my ear off - then asked for my phone number. I told her I didnt have a phone. The only way I could end the call was to give her my address so she could send info out !!!!
I'll let you know how many properties are on her books - bet she has hardly any - i mean if they are flying off the shelves !!!!
Posted 27 January 2005 - 05:54 PM
I would have given her a false address.
Posted 28 January 2005 - 07:12 PM
1. The Euro will have another bad year and may hit parity with the US$ before the end of the year.
2. The Pound will not move much against the dollar (range 1.47-1.60) but is likely to regain a lot of ground verses the Euro which may not survive. US $ will be a safe bet, especially ST bonds and large caps.
3. Stocks should finish moderately higher than 2012 barring a war with Korea and Iran.
4. Gold will not be flying to the moon (again) and will bitterly disappoint (again) any who got in during the run up in 2011.
5. House prices: Flattish to up single digits overall..
6. Not much in the way of inflation again this year--those who forecast hyperinflation will be proven wrong (again--as in 2011 and 2012)
7. Could see a snap GE after the May elections which will be the worst result EVER for Dave. UKIP continue to make headway and will be number 3 before year end.