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House Price Crash Forum


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Everything posted by Kalivero

  1. Anyway, most of houses on the market are total crap and no turnover - same crap for 18 months. Even if you want to buy, it's hard to find anything interesting...
  2. To give you a comparison, we live in a 2 bedroom flat in Stranmillis (that looks better than this one inside) and we pay 650 p.m.
  3. will you tell us EAs responses? I'm curious to know how they're going to respond to your email
  4. Recession hitting Northern Ireland business hardest http://www.belfasttelegraph.co.uk/business...t-14268036.html The recession is hitting businesses in Northern Ireland harder than anywhere else in the UK, a new survey revealed today. The Ulster Bank Purchasing Managers Index (PMI) showed that economic activity, new business and job numbers all fell sharply in March as the grip of recession on the province tightened. And the report, published today, showed that private sector activity in the province contracted at a faster rate than any other area of the UK during the first quarter of the year. The construction and retail sectors were the worst performing in the local economy since the turn of the year, the study on behalf of the Ulster Bank found. Both new and existing workloads continued to drop during the month, leading firms to cut jobs and reduce the prices they charged, the bank said. “All UK regions, with the exception of Northern Ireland and the South West (of England), saw an improvement in the business activity index in March. According to the PMI, private sector activity in Northern Ireland has contracted at a faster rate than any other UK region during the first quarter of 2009,” said Richard Ramsey, an economist at Ulster Bank. “This is continuing the trend that was evident throughout 2008. “Northern Ireland firms continued to reduce their staffing levels at a rapid rate in March. “However, the pace of decline was more marked in the UK, albeit marginally, for the first time in 16 months. While all sectors of the economy reduced their respective headcounts in March, the rate of decline was most pronounced in the construction sector,” he added. Mr Ramsey added that the weakness of the sterling is having a bigger impact on Northern Ireland’s cost base compared with the rest of the UK. Input cost inflation among Northern Ireland firms rose for the first time in four months, in contrast to UK firms, where input costs fell. The survey showed that output from businesses in the province decreased for the sixteenth month in a row, with construction and retail the worst- performing sectors. New business in the private sector fell again, which the bank attributed weak demand and depressed business confidence. Unsurprisingly, the lower activity led to reduced employment levels in March, with the pace of job shedding close to the record levels seen in October 2008. March saw a raft of redundancies at high profile firms in the province such as FG Wilson, Nortel and Visteon, and Ulster Bank noted that non-replacement of leavers and shorter working hours were common across all sectors. The report also showed that despite higher input costs, Northern Ireland companies reduced their prices for a sixth consecutive month in the face of lacklustre demand and fierce competition. Panel members noted increased prices paid for imported goods, which they attributed to the weakness of sterling against major world currencies. Retailers signalled the sharpest increase in their cost burdens. Glyn Roberts, from the Northern Ireland Independent Retail Trade Association, said current conditions made it vital for banks to support small businesses through the current tough climate. “There’s no doubt people are spending less and consumer demand is down. People are putting off buying a new car or going out to a restaurant, and that permeates down,” he said. “The key requirement is for banks to continue lending to small businesses and retailers. “Despite the recent assurances given by banks, I don’t think we’re seeing that on the ground — access to finance is still a significant issue.” Bryan Gray, from Northern Ireland Manufacturing, said while some sectors are holding up well, firms that make products related to the motor and construction industries are clearly hurting. “It is disappointing that the local figures are down again when recent national figures showed an improvement,” he said. “It demonstrates that we have a long hard road ahead before we turn the corner.”
  5. Sorry, I found this one so funny, I had to share with you all: "BEDROOM 3 : 4’ 10’’ x 6’ 11’’ (1.48m x 2.10m) Well proportioned third bedroom." www.propertynews.com/yspr What's more is the moto of the EA : "SEE THINGS DIFFERENTLY - WE DO" For sure they do!
  6. Yes, I appreciated your honesty too - let us know how it's going!
  7. The trick, hummm... Your approach is probably similar to what the other sellers think too - and this convinces me that this is clearly NOT the time to buy, unless at VR...
  8. Yes thanks a lot. I do the same, and I wondered why the nice houses I like are still 50% at least above their VR?! I imagine some categoris of houses fall more than others.
  9. My question might seem stupid to some of you but I just wonder how the evolutions of house prices are evaluated? 1. with prices asked by EA's, or 2. based on how much houses are actually sold (in France this is a national grouping of sollicitors which provide data, based on the prices at which transactions are being made)? In the first case, to what extent it's reliable, since there might be a big difference between asked prices, and accepted offers? In the second case, to what extent NI can be compared, since we don't have official data available?
  10. thanks for your answer mr slump, true I didn't take the pain to look at the list. I've been told that people tend to move uring Easter time in NI, maybe April is going to be an interesting month?
  11. What's interesting is the Increases : 52, in comparison to the previous weeks.
  12. Like someone said on the thread, we need to look at the big picture. It's unsurprising that, after more than 18 months of price decreasing, some people think it's a good time to buy, however I don't think it is a turning point in the house market. Given the economic crisis, it simply cannot be.
  13. I know it's national, but it does confirm our views on the evolution of the market in 2009 and that raising interest for the house market in January meant nothing: House prices sliding again after January fillip * The Guardian, Friday 27 February 2009 http://www.guardian.co.uk/money/2009/feb/2...fall-nationwide
  14. Well, have you seen the state and price of houses recently sold in Stranmillis?
  15. or we should come to our senses: wait, and buy somewhere... BT9 is not ******ing Champs Elysées....
  16. I wrote also a comment but don't know if they're going to publish it - I said it was bad journalism But seeing this series of articles in the BEl Tel, it seems obvious to me that there is a conflict of interest between an objective approach that we could expect from journalists, and some links this journal have wish EAs. I found something on internet about the "Belfast Telegraph Northern Ireland Property Awards", what the hell is that? Does the Guardian do this? It's just makes me think there is something unethical here that needs to be pointed out about BelTel relationship with EAs.
  17. Actually, BT9 is insane too - stuff I wouldn't buy for half the price are getting sold! I wonder if people in Britain have be familiarized too much with the idea that everyone can become a little entrepreneur and make money in buying property - hence the property ladder. Yet they haven't been clearly told that this is only true when the market is going up...
  18. this is hilarious, the comments are more technical and displays more knowledge than the article itself!!! If we get on the dole, maybe we should apply to Bel Tel to replace Helen Carson?
  19. I wrote a comment for this paper on Bel Tel (I was too p... off) :angry: , but where are they supposed to appear?
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