Monday, Jul 13, 2009
Bring out your Dead, Bring out your Buyers
Write About Property: Will the Current Stability be the Start of UK House Price Recovery?
As usual I have been advising caution about viewing the current price situation positively, because it is fuelled by only a moderate rise in activity from very low levels, not the major increase you would expect if the market had bottomed, but, coupled with the current drastically low stock levels, enough to put upward pressure on prices.
Thus, the current stability and even growth in UK house price has been very vulnerable to an increase in supply, which was being made more likely by the price rises. I had become stuck in a negative rut, and I was absolutely sure that prices would fall again when supply increased, which I believed was inevitable.
The Zungalow post stopped me in my tracks, the writer says
Posted by problem pete @ 09:18 AM (248 views) Add Comment
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