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Everything posted by bluebeard

  1. It seemed an age coming but now things seem to be happening fast. I remember the anticipation of yoy finally going negative. Suddenly we're at -10% yoy. Happy days
  2. The Renault and Nissan dealerships in Cirencester closed down last week. Both owned by the same company but have been around for years.
  3. Our "future slums" will be more famous than yours jack - getoverit
  4. Yeh - why don't we just admit that we have a "vested interest" in wanting to find an affordable property that will not make us debt-slaves for the rest of our lives. How possibly can property developers, like Kirsty's partner, continue to profit massively when "sick" people like us actually aspire to a decent quality of life.
  5. Year-On-Year negative in Cardiff. Change in last quarter: -4.5% Change in last year: -0.5%
  6. A few sweeping generalisations here. According according to National Statistics Online public sector employment as a proportion of total employment is - Northern Ireland 30%, Scotland 24%, Wales 23%, England 20% (2005).
  7. Watched the Tonight program last night as it was advertised as providing tips on how to get on the housing ladder. In summary my options are: By a renovation project, but don't improve it and never go out Move to France and commute Move my family in with a stranger Live on a boat Become a Nurse Now, why the heck didn't I think of that!
  8. ...and the rest - but I like his line of thinking. From a few days back - sorry if already posted. HOUSE prices in South East Wales are over-inflated and in need of a correction, the newest estate agent in Cardiff,Thomas George, has said. Mr George said he hoped his business would be the first in a culture change for estate agents in Wales. He said, “I think the market in Cardiff needs a slow down. “I’m of the opinion that prices need to fall by 15% – if the average 19 to 25-year-old is earning around £19,000 and house prices average £140,000 they have got no hope of getting on the property
  9. That's not what they said Seems extraordinary though!
  10. Channel 4's "Britain's Debt Crisis" report a couple of weeks ago indicated personal debt levels are already at their highest ever level - and are now rising by a billion pounds every 5 minutes. Easy? I don't think so.
  11. I've been keeping an eye on prices in the Cardiff area for a while as I'm planning to move back to the area next summer. It's been quite discouraging until recently. However it seems to me a small shift downwards has already taken place. Whereas in the last 6 months I would see one property in a blue-moon that was potentially suitable, and in our price-bracket, browsing this morning there is a small selection of properties that would be of interest. Long way to go, but I think some vendors are definately dropping prices to sell. Long may it continue.
  12. You've just stated there what you'd like to see not what you're seeing and your-hoped for consequences. Considering your earlier criticisms of previous posters, the difference is? (other, of course, than they don't share your views).
  13. According to ONS, in mid-2005, the proportion of public sector employment as a proportion of all employment was as follows: Scotland 24% Wales 23% England 20%
  14. Your reasonably senior BTLetter friend better put Lehman Brothers right then (see other thread).
  15. Apologies if this has already been posted - just came across it. Property website Rightmove purports to measure average asking prices for UK property. But it doesn’t really. At best it measures how optimistic – or unrealistic - sellers and estate agents are feeling... But the problem with the Rightmove survey is that it only includes the prices of houses and flats that have been put on the market that month. The survey doesn’t include properties that have previously been put on the site, and are still sitting there unsold – even if the asking price has been dropped. We all know that the pric
  16. Owning a property has always been desirable. But prices have fallen significantly before.
  17. "Though looking at the stats, I can understand why some of you are a bit despondent, especially Welsh posters..." Not much change in Cardiff 1Q2006 v 1Q2005: Prices up 1%. Volumes up 4%.
  18. "But the number of reposessions is still rising sharply, up from about 6000 in 2004 to 10,250 last year." These have lost their homes already (up 70% 2005 v 2004). The latest reports show a further 56% rise in repossession court orders (1Q2006 v 1Q2005) which the article suggests looks likely to lead to another significant rise in actual reposessions during 2006.
  19. Extracts from p.14 of Dail Mail today: The scale of the country's debt crisis was further highlighted by figures showing the number of homeowners who risk losing their property through reposession is the biggest since the recession of the early 1990s. A record 23,351 were overwhelmed by debts in the first three months of this year according to figures from the government's insolvency unit - the same as the number becoming insolvent in the whole of 1998. The number of homeowners who face losing their homes is at the highest levels since the early 1990s when Brtitain was struggling with mass u
  20. "The anectodal evidence of a slowdown in consumer spending..". Will this do...? Fears that Britain might be facing a fresh consumer slowdown will be stoked up on Tuesday by a retail survey showing the weakest high street sales for more than a decade. High street sales last month were the weakest in 11 years according to a survey published by the British Retail Consortium. FT.com / Feb 2006
  21. That's what VI data keeps telling me. However, when I look at the last Land Registry report regarding property sales in my area, transactions have dropped 46% since the same period 12 months pervious and prices have fallen 5.5%. Going nicely/sucker's rally - who knows?
  22. "It shows how little you understand the market. If 45% can afford to buy and 55% can't, we are in a bull market. There is not enough supply to satisfy 45% demand." You're assuming everybody who can afford to buy generates demand. I could afford an overpriced slum now and live the rest of my life feeling as if I've been "mugged". Instead, I'm waiting, in the bizarre hope that I may be able to purchase a decent property in a reasonable area in two or three years time - just like people, quite similar to me, took for granted a few years back. If I'm wrong trying to do the right thing so be it.
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