Tuesday, Sep 28, 2010
Not crashing just sagging
Guardian: House prices sag as cuts cool demand
Property survey finds supply rising as interest wanes ahead of spending cuts and says prices must fall to entice buyers. Flagging demand for property in anticipation of deep cuts in public spending has left house prices falling in every region of England and Wales for the first time since the spring of 2009, according to a report out today. The property information company Hometrack said the cost of a home had dropped by 0.4% in September – the third monthly decline in a row – as interest from potential buyers dried up.
Posted by quiet guy @ 12:21 AM (485 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Lal said...
interesting article and i found the comments below interesting too. Obviously everyone is worried about their jobs, i am and i work in the third sector (supposedly an area of growth). - i just think the combination of inflationary pressure (which will result in higher interest rates), the fear people are feeling... coupled with the disincentivisation to save will all come together and pull the market down. That is totally ignoring the supply side issues that although there is a long term trend towards a shortage, the last 20 years illustrates that has already been taken into account afew times over....