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Realistbear

N A E A: Lots More Properties Coming Onto Market

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http://uk.biz.yahoo.com/090903/140/iq5j0.html

By Sky News 2009

Hopes For Quick Recovery In Property Market

The number of homes for sale went up for the first time in four months during August, raising hopes the sector can recover sooner and more strongly than expected.

The average estate agent had 64 properties on their books during the traditionally slow month, up from 59 in July and the first rise since April, said the National Association of Estate Agents.

The group said the increase was due to previously registered buyers finding properties they were interested in and putting their own homes on the market.

The NAEA had previously warned that any recovery could be held back by a shortage of homes for sale.

Some economists warned that the surge of homes onto the market could counteract recent price rises in the sector.

Increasing supply+job losses-credit = price drops. (S + E - C = P)

Any way the NAEA try to spin it, more properties coming to market when jobs are being lost can only mean one thing. Bargains galore!

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http://uk.biz.yahoo.com/090903/140/iq5j0.html

By Sky News 2009

Hopes For Quick Recovery In Property Market

The number of homes for sale went up for the first time in four months during August, raising hopes the sector can recover sooner and more strongly than expected.

The average estate agent had 64 properties on their books during the traditionally slow month, up from 59 in July and the first rise since April, said the National Association of Estate Agents.

The group said the increase was due to previously registered buyers finding properties they were interested in and putting their own homes on the market.

The NAEA had previously warned that any recovery could be held back by a shortage of homes for sale.

Some economists warned that the surge of homes onto the market could counteract recent price rises in the sector.

Increasing supply+job losses-credit = price drops. (S + E - C = P)

Any way the NAEA try to spin it, more properties coming to market when jobs are being lost can only mean one thing. Bargains galore!

:lol: The basic rules of the effects of supply and demand on prices seem to be lost on them.

I will be intrigued to see the effect that 700 properties hitting the local market will have on prices when those unsavoury Wilson people try to sell..........

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I see the dead hand of HIPS behind this.Having to pay out for the survey with no realistic chance of selling was always going to deter people from putting houses on the market.Now the perception has changed and consequently properties are being put up for sale.The low mortgage rates mean that unless you have lost your job you are most likely better off.

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I see the dead hand of HIPS behind this.Having to pay out for the survey with no realistic chance of selling was always going to deter people from putting houses on the market.Now the perception has changed and consequently properties are being put up for sale.The low mortgage rates mean that unless you have lost your job you are most likely better off.

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