Tuesday, Feb 12, 2008
Primelocation Report: good spin!! but market data are as bad as they can be
Primelocation: House price index January 2008
Price data show a pretty grim picture. Sale and rental prices are still below the pre-credit crunch levels, and the so much heralded "reduction of inventory" may just be an effect of the Christmas break. Inventories are still 60 to 70% higher than any month pre-credit crunch. but we know that London sales volumes have collapsed (Land registry) so where did the stock go? "due to market uncertainties vendors are using a cautious approach pulling properties from the market".... aaaaaa... so we will find a larger stock of properties to rent!!! With "corporate rentals on the vane" expect the BTL nightmare to begin!! AHGAHHA AHHAH AHAH
Posted by confused76 @ 09:28 AM (376 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. mark said...
the lettings market is being driven by people getting out of there houses and putting them on market as empty..... not exactly rocket science....
2. mark said...
maybe i should improve my spelling before i take on rocket science....lol