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Beans-on-Toast Britain

Southwest Surrey 9% Price Tumble

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http://www.farnham-herald-today.co.uk/toda...il.cfm?id=16029

The local Farnham rag asking EAs to comment on the 9% fall in HPs. As expected, mostly bare-faced lies such as this…

{"The Land Registry says that sales are 30 per cent down, but our sales in Farnham have been 20 per cent up on the last period last year, so we’ve not really suffered." }

AND

{A house that was worth £120,000 last year is still worth the same amount today,”}

To glimmers of truth, but proclaiming "we said this all along" and "we're now over the worst."

{“We have seen something of an adjustment relative to the peak of 14 months ago, but it’s nothing to get too excited about because what we saw in terms of growth last year was excessive and unsustainable, and at the time all the commentators were saying exactly that. “And I think what we’re seeing is a reduction from a peak that was probably artificially high, and what we’re seeing now is prices at a more sustainable level,” he concluded.}

There's several mentions of negative equity and overall, it's a very bearish article to anyone with half a brain. Although the funniest line is the first..

{"LOCAL estate agents have allayed fears of an impending property crash."}

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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