Monday, May 26, 2008
Hometrack: -0.6% MoM, -1.9% YoY
Times: House prices fall again
House prices are stuck in decline, with values slipping around the country for the eighth month in a row, according to the latest figures.
Hometrack says the average property is worth 1.9 per cent less than a year ago - the worst figures since 2005.
Figures also showed also showed a fall in new buyer registrations, a rise in the length of time a property spends on the market and a smaller proportion of the asking price being achieved.
Posted by little professor @ 12:46 AM (664 views) Add Comment
6 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. markj69 str05 said...
Great minds think alike!
2. Jeremy said...
"Hometrack believes that less aspirational purchases could provide a boost to the market, which many buyers fear has slipped into a 1990s-style slump."
"Buyers fear"? Ok, so you wouldn't buy into a falling market but I suspect sellers have slightly greater worries in comparison. Obviously all those TV programmes have done a good job if people are in fear of renting for a couple more years.
3. 14116 said...
I wonder whether someone can clear something up for me? Could it be that house prices are falling faster than they are actually reported?
The first time buyer market has died. As first time buyers tend to buy cheaper houses, this means that less cheaper houses are selling. If less cheaper houses are selling, the average price of all the houses that are selling actually increases. For example, If 3 houses sell for one million each and 1 flat sells for £200,000 the average sale price is
£3.2 million divided by 4= £800,000. If only the 3 (One million )properties sell for a reduced price of £900,000 each and the flat fails to sell, the average price is £900,000.
4. confused76 said...
"Despondent estate agents..."
aha ha hahhahahah hha haha ha ah ah
5. hpwatcher said...
Not bad, but I would really like to see the amount of price drops increasing.
6. it_is_going_with_a_bang said...
David from London seems to be quite miffed at price falls - I wonder why ... bad news for everyone my ar5e.
Another myth.