Saturday, Jun 20, 2009
Latest RM Report
First Rung: UK house prices fall as vendors ask for up to 40% above market prices
"The most startling omission from the RM report and commentary is the lack of explanation for the disparity between the average asking price of £226K and the recorded average selling price of circa £160K. This suggests, with some certainty, that delusional vendors are still asking for prices 40% above the true market valuation. Until this bizarre artificial gap 'crunches' the housing market will continue to stagante and deteriorate"
Posted by sybil13 @ 04:05 PM (1567 views) Add Comment
6 Comments
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1. sybil13 said...
This article was posted in TODAYS NEWS on a website but now I can't see a date on it. I assume it related to the latest RM Report, but I now realise this is not out until Monday, so not sure why this article was posted today. Still an interesting read.
2. sybil13 said...
UPDATE - yes it IS RM's June Report even though it was not on RM's website!
3. little professor said...
Not supposed to be out till Monday - embargoed until then. Naughty Firstrung!
This was the first fall in asking prices this year, after a 2.4% rise last month. Mind you, RM's data is up and down like a bride's nightie.
4. devo said...
"RM's data is up and down like a bride's nightie."
That's a trifle risqué, lp. Have you been on the sherry?
5. crashpad4me said...
Good find, Sybil. You have my nomination for HPC ferret of the month.
6. Btlers-r-2hats said...
"buy-to-let mortgages are part of a previous era." And so they should be, parasites.