Saturday, Jan 19, 2008
It's all ok in Bristol according to Estate Agents
ThisIsBristol: 14% RISE - HOUSE PRICES KEEP ON SOARING
This was a front page spread in the widest selling regional paper. It is akin to turkeys voting for Christmas but it was difficult to miss this headline whilst walking past any news vendor today.
It's going to be difficult for a crash to take hold when this type of pro-property propaganda is shoved in peoples faces and base rates are likely to be cut.
Posted by denzil @ 05:33 PM (608 views) Add Comment
11 Comments
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1. paul said...
The headline is to sell the paper, but the article actually paints a much less upbeat picture. In fact after reading that, I don't think any homeowner would feel confident, and would probably feel a little conned out of £1 (or for picking up the free paper).
2. Colutd1 said...
in the field of endeveur ,never has so much been given by so many to so few, spelt bad but so apt. just got back from the layer road flood. go col u . . off thesubject what happened to red ken he has become red brick ken. leave of the house mortgage bank thing alone , and go back to those dirty words socialism . here s one of kens better policies . london transport 2p children 10p adults . now if u wanted all those petrol munchers off the roads,. now look it costs £15 for 1 child 1 adult return from colchester to norwich seems fair. but norwich bus going 1 and half miles for same return nearly £10 these bus companies are taking the mick. pitty red brick took the bung.
3. drewster said...
The recent Halifax report says that house prices in the southwest region (extending from Wiltshire to Cornwall) fell by 0.4% in the last quarter. So even if the previous trend was strongly up, the current path is downward again. Nobody catches a falling knife....
4. denzil said...
I knew the article was fantasy when I read that Weston-Super-Mare is a town on the up. F-ing dump. The town is utterly minging.
5. physicist turned economist said...
I leave in Bristol and have been observing local house prices very closely.
I went to see a few properties (Agents: Andrews, Greenwood, etc) recently. They are all saying to me that "the house market is picking up and is very strong in Bristol....bah...bah...bah.."
When I asked them why those properties have been on the market for so long (all of them are listed in propertysnake.co.uk for more than 160 days); they all said to me "I have been only working on this property for a very short while..." (obviously hiding the facts!!)
Prices may be rising; but houses are not being sold!!
I wouldn't believe a word the paper said!
6. Landedgentry said...
Wow is the city recession proof as well?
Must have something about it that London, Manhattan etc dont have
7. doomwatch said...
The article seems to forget that a load of Rolls Royce and British Aerospace white collar workers are about
to be made redundant. I'm sure quite a few middle management at said companies have fallen for the BTL dream. Oops.
8. hpwatcher said...
ZZZzzzzzz
yawn yawn,
9. Joinbristol said...
So why is it that there's loads of brand new flats on the market, which were up for rent this time last year and still haven't been rented out? I can think of at least a dozen with To Let signs outside of them just on my short journey to the station at Temple Meads. Empty for twelve or more months in a vibrant market. Tosh ! And a colleague of mine took SIX months just to get anyone to look at his very nice flat just off Whiteladies Road in a very nice area at a reasonable price. Are we really to believe these people talking up their own market for a paper that gets most of its income from their adverts, when it's blindingly obvious that nothing's shifting here in our fair city? And add the huge number of people who are about to be made redundant by Cadburys when they move to Poland, and we'll see a lot more empty properties soon.
Oh, and I've lived in Bristol for much longer than most of the estate agents here have been alive - I'd believe my own eyes before their meally mouths any day.
If you don't believe it, just watch any property site and you'll see 90% of the property advertised on their still available in June.
10. wiltshire said...
The Prime Minister claims the UK is better positioned than most to ride out the global economic downturn.
Councillors/EAs/journalists will claim their region/county/town is best positioned to ride out any downturn in house prices.
Individual people will claim their neighbourhood/street/even their individual property is best positioned to ride out any house price crisis.
They'll all be proved wrong.
11. it_is_going_with_a_bang said...
Weston Super Mare?? Up and coming?
http://www.youtube.com/watch?v=Bule1-av6bk
LOL LOL LOL