Wednesday, Mar 14, 2007
A bubble? What bubble?
Firstrung: House price bubble looks nowhere near set to burst as Spring market moves closer - Hamptons
Hamptons International Reveals Average of Eight Buyers for Every Seller in UK Property Market... Latest analysis from Hamptons International, one of the premier international residential agents has found that the current property market is continuing to hit giddy heights with an average of eight buyers for every seller.
Posted by converted lurker @ 09:16 AM (161 views) Add Comment
9 Comments
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1. bingo said...
That has to be one of the most banal and least well thought out statements ever to come from a VI. Have they even thought about what the 'seller' would buy? oh, by the way, I checked yesterday on the land registry and house prices in my area are -8.5% for last year (yes that's a minus) and that is across all properties, some types are off more than others. So when i read the headlines about house prices taking another steep increase in Feb' it just didn't sound right to me... not here in the NE anyway, so I checked and lo and behold, the statement turned out to relate to somewhere else in the country, I couldn't tell you where because it was just a sweeping generilisation.. but if you read it enough times, you can actually start to second yourself. I think they are working on the premise that people in this country tend to believe what they read (the sun, the mirror, news of the world etc)...
2. Davros said...
The they report the number of properties for sale as down 50%. Isn't this symptomatic of an underlying problem, rather than something to celebrate?
3. Vicky said...
I have noticed a lot of properties falling through or sitting longer where i live in horsham,its just more estate agents hype.I have been waiting to buy for 15 months and have veiwed 35 terribly overpriced houses in that time and i will sit in rented until this madness stops
4. daft boy said...
All this buying and selling must be happening on the internet All the EA shops by me are still showing the same properties they were 6 months ago but about a quarter now have price reductions of around 10%. The shops are totally empty of any sign of customers let alone 8 buyers to every seller. In fact I would suggest its 8 sellers to every buyer down here on the south coast. Its a bit like the headlines we were getting from 1990 to 1995 when the housing market was in freefall
5. converted lurker said...
Anyone else get the irony? An huge estate agent (Hamptons) using the title house pirce bubble in a press release: "House price bubble looks nowhere near set to burst as Spring market moves closer" gave me a laugh anyhow ;¬)
6. Vicky said...
We have been waiting in rented for a year,viewed 35 overpriced houses and refuse to yeild to this house buying lunacy. Where i live Houses are re-appearing on the market 6-9 months later with 70k added on,they are snapped up in 2 days,its slowing down though and i am seeing a few fall through and then sit there.The only boat I am missing is a sinking one full of sad refugees ,not a luxury liner as the likes of hamptons would have us all believe.
7. bingo said...
Ha, now you mention it... So even they have admitted it is a blister.
8. Dr K said...
The latest fantastic house to buy in my area is a terraced house which was sold sept 2006 220k , new kitchen, carpet and cheap paint ,magnolia of course,back on today for 299k and if you put in a decent offer like say250k the agents round here look at you as if you just p****d in the corner,but sadly someone will buy it eventually.
9. Andy said...
I agree with daft boy, Ive been looking at EA in the south east on the weekends in the last couple of months and don't see many customers (inside or outside).