Monday, May 19, 2008
Ztuart's at it again
Press Association: House price inflation flatlines
House price inflation continued to flatline in April but there remained no evidence of a market crash, new figures show.
The latest House Price Watch by property firm Assetz recorded annual growth at 1.7% last month. Despite a slump since the beginning of the year, house prices are still showing annual increases - suggesting that the market is levelling out rather than heading towards a bust.
Stuart Law, chief executive of Assetz, said the figures indicate that doomsayers' predictions of a market crash were misplaced.
Posted by little professor @ 11:11 PM (588 views) Add Comment
8 Comments
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1. crash bandicoot said...
So house prices are down from last month (and ever since November) but he sees no evidence of a crash? Which way is he looking?
2. titaniccaptain said...
Oh my goodness Ztu your right the crash hasnt come........what shall we do???? I know lets all buy a house........ooooops I cant get a mortgage for todays house prices because the 100% MORTGAGES ARE GONE ............But Mr Lawzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz I will save for one.......should take me until my Genetic line has evolved into the next stage of human evolution but hey its a start and house prices only go up ask Caroline Flint or rather read her notes
3. crash bandicoot said...
This is the same Stuart Law who last month wanted to set up a fund to buy "forclosed" UK properties. Apparently Assetz seems to encounter quite a few of these!
4. titaniccaptain said...
Just a quick thought........Do BTLs fall into the catagory of commercial property? if so isnt commercial property down in value? if it isnt wont house price falls add to the existing plummet in commercial property figures?
5. drewster said...
I'm surprised the news wires even give him the oxygen of publicity. Does he pay them for each press release?
6. Chinchin69 said...
Another classic from Stuart Law, keep them coming ... is he any relation to Jeremy Law; head of buy-to-let at Bradford & Bingley ?
7. new user 2007 said...
This is just getting ridiculous. I have gone from finding him idiotic and contemptible to actually thinking he is insane...
an averaging in his hands is of course to be trusted to begin with? But even based on that, he is looking at the index decelerating in a clear trend and is scraping the bottom of the barrel by suggesting it is all ok...
how mad does one have to be to not see the market (at "best" decelerating for now) trend over such a period WHILE also admitting that if anyone bought since the crash they would be at least around £1000 worse off!
From an embarrassing egotistical VI to mad-man in just 6 months.
8. new user 2007 said...
p.s. I suppose technically the captain of the Titanic would have been correct if he had said the ship had not sunk until the WHOLE thing had immersed:)
I bet most people would have said he was mad if it was 90% (the point at which our housing market now has reached before no one can deny the falls (i.e. by the third quarter)) under the water and he was still denying.