Boom'n'Bust Posted September 24, 2004 Report Share Posted September 24, 2004 hi, I've just been given a link from home track who have just released their results... for the 1st time yorkshire has dropped 0.1%: Hometrack Report so? is this the start of a long downward trend? Quote Link to post Share on other sites
Van Posted September 24, 2004 Report Share Posted September 24, 2004 Deepening gloom in London. Average percentage of of asking price achieved now down to 93.3%, and worsening all the time. Average viewings per sale is up, time to sell is up, fewer buyers, more sellers, increasing mortgage costs, and new FSA regulation just around the corner... The crash is well and truely in full swing. Rejoice. Quote Link to post Share on other sites
I Told You So Posted September 24, 2004 Report Share Posted September 24, 2004 Whatever happened to the "its only the summer slowdown things will pick up in September" Surely even the biggest doubting Thomas will now have to agree that the crash has started. And we haven't felt the full effect of the FSA taking control yet. BTL/Self Cert blood on the streets this winter. Quote Link to post Share on other sites
Gerd Mueller Posted September 24, 2004 Report Share Posted September 24, 2004 hi,    I've just been given a link from home track who have just released their results... for the 1st time yorkshire has dropped 0.1%: Hometrack Report so? is this the start of a long downward trend? <{POST_SNAPBACK}> mate you dont need hometrak to tell you about property in bradford - that is going to skydive downwards. I know someone who paid 150k for a 3 bed semi near to holmewood cos he though the council might give it a leeds postcode. He's stuffed. Quote Link to post Share on other sites
Mark5290 Posted September 24, 2004 Report Share Posted September 24, 2004 I liked the bit on the This Is London website- "There is particular concern that increasingly cautious first-time buyers have "gone on strike" until prices start to fall to more affordable levels." I have been on strike for the last 2 years waiting for this madness to end. Quote Link to post Share on other sites
Topher Bear Posted September 24, 2004 Report Share Posted September 24, 2004 I notice that the South West is certainly going to be doing some leading this time. Leading the way in the rise of properties going up for sale and the largest drop in agreed sales. Looks like people are selling up their Holiday home to cover their own mortgage back home! Didn't the bulls say that we needed 3 succesive falls before it could be considered a real fall... Topher Bear Quote Link to post Share on other sites
zzg113 Posted September 24, 2004 Report Share Posted September 24, 2004 that makes sense. people will cut all discretionary activity(such as holiday homes before they will ever touch their PPR. The roof over their head is the last thing they will cut back on, and will do anything to avoid losing it. Quote Link to post Share on other sites
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