Thursday, Apr 30, 2009
But I'm told the bottom is near, yea right!
Mailonline: Average house price falls to £151,000 with no end in sight to property slump
Prices will keep falling for a few years yet.
Posted by tim miller @ 12:41 PM (807 views) Add Comment
5 Comments
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1. Chris said...
The spring dead cat bounce looks like its already starting to fade away as the higher unemployment begins to kick in and the population wake up eventually to the fact that the UK is in much more serious trouble than they've been told. No much longer now and Darling will be going to the IMF for a bailout. How will that affect prices? Fantasy island had to end sometime. Will it be the IMF or hyperinflation?
2. Papabear said...
I am lucky I live in an area that is being regenerate, we have the fast rail link to london and Paris and the Ferry ports approx 35mins drive. Our house prices have not really been affected and therefore I shall sit tight and wait.
- Victoria, Kent, 30/4/2009 11:09
I nearly fell off the chair laughing! Do people like this really exist?!
3. happy mondays said...
@Papabear
Kent is the garden of england, and Ashford is an idyllic little kentish town ( NOT )
4. Speaker Lion said...
I have not met anyone who regularly uses the train to Paris or the docks.
A colleague had to renegotiate the price on new a build property they had paid deposit on. Their mortgage lender refused to lend them the original house price value. House prices have gone down in Ashford like anywhere else. I have spoken to many people who admit that there is a house price crash but think that their house is in great location or has a feature that has made it keep its value at peak.
Papa bear is still in house price crash denial.
5. Jayk said...
It's not a real fall at all.
http://www.thisismoney.co.uk/ask-an-expert/mortgages/article.html?in_article_id=483530&in_page_id=109&ct=5
"Seasonal adjustment" doesn't get anyone a cheaper house.