Friday, May 01, 2009
Recovery delayed - Savills gutted
Bloomberg.com: UK Housing market may not recover until 2012, Savills says.
Savills say the UK housing market may recover a year later than previously predicted in 2012.
Posted by will @ 09:43 AM (556 views) Add Comment
4 Comments
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1. James said...
Who in their right mind would listen to anything Savills have to say? LOL
2. doomwatch said...
“Buyers have got to see on paper that a property’s at a discount to what it was in 2007,” he said.
Lucian sonny, this sort of retail car/sofa sales trick might work with people who can't spell or add up, but
I'll be normalising against 1997 prices as a starting offer fair value thanks.
3. will said...
Estsate agents manipulating the market by such discounting methods is all very well, but I don't see many properties selling where I live. So who are the estate agents kidding?
4. need-a-crash said...
Good to see Savills finally coming round to our way of thinking re 2012 bottom of the market.
I always thought the Olympics effect in London if it has any effect at all, would be to start lifting the property market out of the doldrums and not, as EA's were telling us in 2007, be more fuel to their ever rising prices.