Monday, Jun 23, 2008
Double-digit falls for two years
Times Online: Housing slump forces sellers to slash prices
Nice article and a "get real" feel from RICS ended with Global Insight predicting double-digit drops this year and next.
Posted by growler @ 04:42 PM (507 views) Add Comment
3 Comments
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1. confused76 said...
"the number of sellers per buyer has doubled since last year when it was 7 to 1"
Whattaaf@ck! Last year's mantra was that there were 8 buyers for every property on the market!
2. sold out said...
Have seen recently 2 houses that have sold in the last few weeks,both are 2 bed terraced in Chelmsford.One was on the market at 160k and another at offers above 130k.All the other similar properties remain unsold at 200k.It would seem that the masses are still not ready to face reality and drop there prices.As it appears that only very heavily reduced properties (20-30%) are actually selling,it wont be long before we see some really spectacular figures for monthly falls,perhaps 10%plus,August i reckon
3. Index Watcher said...
The June figures should be interesting. Does anybody know the day halifax and nationwide publish them?