Friday, Nov 28, 2008
Rightmove on "understanding realistic prices"
FT: Savvy house-hunters on the prowl for cheap properties
Despite the downturn in the property market, Rightmove has reported a significant increase in demand for well-priced properties.In its November House Price Index, Rightmove indicated that over the last month consumers have been putting their homes on the market with an average 7 per cent discount on the year before.
However, Rightmove said in the last few weeks, it has experienced a significant increase in email and phone leads from its website, with 1.1 million leads being generated in September from 38 million visits.It said savvy buyers were looking harder and keeping an eye on the market for when prices have dropped to a level they can afford.
Posted by jack c @ 11:49 AM (623 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. mark said...
only fools rush in.... way too early to start buying...
2. Davros said...
With prices falling 15% a year, what's a cheap property?
3. garb said...
that wacking great 'one email to all' box on the right of the property list.. has that always been there? If not.. there's the answer for the 'increased leads'. Don't remember seeing it before myself.
4. amjidk said...
wouldn't buy for at least 12 months...
5. davecrash said...
@3
I generally agree with you (we in for big falls still), but if you seen a property in your area for sale at about the same price it would have been in 2002 would you be tempted to re-enter the market?
In our area (north east england) we have started to see this. There loads of properties still at silly 2007 prices, a few are around the 2005 level but now and then the odd one pops up at 2003/2002 prices and they get sold quickly. If the prices are right properties is still shifting.
6. inbreda said...
"Rightmove has reported a significant increase in demand for well-priced properties"
In other words, any property that is stupidly priced is not selling. the only ones that ARE selling are the ones where the sellers have already cut the price by 50%.
Now all we need is for the remaining idiots to get up to speed and we can get on with our lives again.