Friday, Apr 17, 2009
Not earth shattering, but fairly bearish
The Times: The 10 places where asking price are falling the most
"RICS said that the number of new buyer inquiries rose for the fifth consecutive month in March and at the fastest pace since September 2003. The increase in demand led to a rise in sales, raising hopes for an end to falling house prices. However before you get too excited, bear in mind that transactions are still near historic low levels. Vendors are still being forced to cut asking prices before potential buyers will even consider a viewing... Here are the 10 towns or cities where asking prices fell most IN MARCH, according to property website Globrix."
Posted by mark wadsworth @ 04:50 PM (788 views) Add Comment
4 Comments
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1. will said...
or do they mean in the year to March ?
2. Frank Bell said...
Post 1, Will
No, these are figures for a 1 month fall, but with the extremely small number of houses being sold it only takes a few cheaper properties to be sold to distort the figures this much.
Same thing was happening in Nevada, California and Florida last year.
3. Dj2000 said...
If i was to put offers in then they would be much lower than the asking prices, far too many people I know with houses have given up trying to sell due to the estate agent yearly fees and no enquiries at all over the space of a year.
My suggestion for people looking to sell lower your asking price until you sell otherwise you might find that you will never sell
4. dj2000 said...
If i was to put offers in then they would be much lower than the asking prices, far too many people I know with houses have given up trying to sell due to the estate agent yearly fees and no enquiries at all over the space of a year.
My suggestion for people looking to sell lower your asking price until you sell otherwise you might find that you will never sell