Tuesday, Mar 25, 2008
Welcome to the crash!
ThisIsMoney: Property market slumps to 20-year low
"Estate agents today called a 'buyer's market' as the number of potential purchasers fell to the lowest level for almost 20 years. The difference between asking and selling prices rose in February to 4.5%. The NAEA said the widening gap highlights the need for homeowners to set realistic prices to ensure properties do not stay on the market any longer than necessary" Funny how the music has changed. Unemployed EAs are now on the side of the buyers? Late realization that it is the buyer (eventually) that pays the EA fee!! No buyer = no fee, AHAH A HHAHHAHHA HA
Posted by confused76 @ 06:47 PM (736 views) Add Comment
11 Comments
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1. it_is_going_with_a_bang said...
"'It is disappointing to see that the percentage of first-time buyers took a drop this month however, we are hopeful that this sector of the market will recover and continue to grow"
Yes..... well .......don't ......hold..................................................................... your .....breath.
Give me about £100k and I can help you out with that :-)
2. Bubbles. . . . . said...
lol ha ha ha....Just had my estate agent phone today to ask about wether I was still intrested in a propety I had viewed...Thing is I told him I have just put an offer in on a detached house better area and a reposession TRUE. For less than they are asking on a SEMI ha ha ha ha ha.....Should I just wait after all??? They would be hard pressing 2 years ago 4 buyers to one property I HOPE IM NOT THE ONLY FIRST TIME BUYER......???? Confused you are our god....LOL.....
3. This comment has been removed as it was found to be in breach of our Blog Policies.
4. Bubbles. . . . . said...
hopefully my comment does not get reported by some estate agent who doesnt want this site reporting the TRUTH!!! Freedom of speach etc.....Im sure they can do it, and im sure there are a few that read this site they are Scared whios to the LIFE BOATS FIRST!!!!??????
5. This comment has been removed as it was found to be in breach of our Blog Policies.
6. This comment has been removed as it was found to be in breach of our Blog Policies.
7. Cheekie Charlie said...
A work colleague of mine was in the process of buying a new build in the dewsbury area of West Yorkshire for £175K. The Halifax had agreed in priciple to accept him for the mortgage but after a valuation they valued the house at £150K!! If this was not suprising enough when he informed the company building the new development they accepted this new valuation!! unfortunately the Halifax now wanted a bigger deposit so he ended up not purchasing the property.
8. quiet guy said...
"Stewart Lilly, NAEA president said: 'The figures reported in February echo the current climate of confusion that is clouding the property market at present.'"
Confusion? There is little confusing about this to me: the easy credit and speculative bubble have disappeared.
9. crash bandicoot said...
"We are aware that there are vast regional differences that still exist in the market around the UK"
Yeah houses seem to gain an extra £50k in value when they get into the region of an estate agent's window.
10. Welshie said...
LOL @ c.b.
Absolutely classic!
11. little professor said...
Yeah houses seem to gain an extra £50k in value when they get into the region of an estate agent's window.
LOOOOL :D