Monday, Jan 12, 2009
Falls in every region over 2008
Home.co.uk: Fewer Price Cuts Over Festive Season
"Time-on-market indicators are rising and for some worst affected locations
the average marketing period for homes for sale is approaching a year. Clearly,
vendors in such areas of the country are being overly optimistic and need to adjust
their asking prices accordingly. Keenly priced homes are still selling within a
reasonable timeframe." Still some denial out there...
Posted by tinecu @ 09:41 AM (290 views) Add Comment
4 Comments
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1. luckyjim said...
Some interesting stats. Thanks for the link.
2. doomwatch said...
"The UK government, via the FSA, now has a very real opportunity to rebuild
the UK housing market within a more stable and sustainable framework. We strongly
suggest that strict limits on loan to value ratios (e.g. 80% maximum) and income
multiples (e.g. x3.5 maximum) would help pave the way for a better market for
homeowners and mortgage lenders alike."
Fat chance, that would be far too sensible. Looks like the printing press is their barmy route out.
3. will said...
Huge denial ou there.
4. new user 2007 said...
The front page with all the positive news had little correlation with what was then written (negative). They of course know and rely on the fact that the average journalist will only look at the first page. That way they can spin for the media but try and retain some integrity with people with a concentration span of more than one page.