House prices go south across the whole country

[Boom'n'Bust]

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?

[Van]

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.

[I Told You So]

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.

[Gerd Mueller]

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.

[Mark5290]

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.

[Topher Bear]

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

[zzg113]

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.