Realistbear Posted June 15, 2010 Share Posted June 15, 2010 (edited) http://www.bloomberg.com/apps/news?pid=20601102&sid=aXkBBf_2b71E U.K. Housing Market Strengthened Most Since January, RICS Says Share Business ExchangeTwitterFacebook| Email | Print | A A A By Svenja O’Donnell June 15 (Bloomberg) -- A U.K. house-price gauge climbed in May to the highest level in four months as demand from homebuyers matched rising supply, the Royal Institution of Chartered Surveyors said..../ Barclays Capital said yesterday that house price growth will slow to an annual 4 percent by the end of this year, before increasing to 9 percent by the end of 2011. Must be the turnaround in economic conditions such as higher employment, no government cuts, lower IR to come, future growth up. In other words, the exact reverse of what is happening in the market. This no more that EAs putting a brave if not deceptive face on the real threat to their commissions. Edited June 15, 2010 by Realistbear Quote Link to comment Share on other sites More sharing options...
righttoleech Posted June 15, 2010 Share Posted June 15, 2010 11% next year. Not a nice round 10%? What function are these worthless charlatans providing with their random VI driven predictions. Quote Link to comment Share on other sites More sharing options...
Laura Posted June 15, 2010 Share Posted June 15, 2010 Gosh! - Isn't Britain an amazing country?! The rest of Europe on the edge of an assured implosion, yet the motherland heads to the stars. Quote Link to comment Share on other sites More sharing options...
Alfie Moon Posted June 15, 2010 Share Posted June 15, 2010 Wasn't there a report in the last couple weeks reporting that property sales transactions as being at a 15 year low? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted June 15, 2010 Author Share Posted June 15, 2010 Wasn't there a report in the last couple weeks reporting that property sales transactions as being at a 15 year low? It doesn't matter what is happening in the market these days. This is a fight for survival and the future of our number one growth industry: inflation in house prices. Without it we are in deep trouble as that is 70% of our economic growth prospects. Quote Link to comment Share on other sites More sharing options...
Guest_James Toney_* Posted June 15, 2010 Share Posted June 15, 2010 Gosh! - Isn't Britain an amazing country?! The rest of Europe on the edge of an assured implosion, yet the motherland heads to the stars. really is amazing , Quote Link to comment Share on other sites More sharing options...
Pent Up Posted June 15, 2010 Share Posted June 15, 2010 Wasn't there a report in the last couple weeks reporting that property sales transactions as being at a 15 year low? indeed there was, the difference is this one is produced by estate agents! Quote Link to comment Share on other sites More sharing options...
Alfie Moon Posted June 15, 2010 Share Posted June 15, 2010 (edited) It doesn't matter what is happening in the market these days. This is a fight for survival and the future of our number one growth industry: inflation in house prices. Without it we are in deep trouble as that is 70% of our economic growth prospects. Indeed. And here is the latest offering from the Daily Telegraph - article written by the fantastically named Harry Wallop: http://www.telegraph.co.uk/finance/personalfinance/capital-gains-tax/7826687/CGT-house-price-recovery-will-end-estate-agents-say.html CGT: house price recovery will end, estate agents say The recent recovery in house prices could be reversed if rates of capital gains tax are increased, leading members of the Royal Institution of Chartered Surveyors have warned. Readers comments can be added to the above article. Edited June 15, 2010 by Alfie Moon Quote Link to comment Share on other sites More sharing options...
moonriver Posted June 15, 2010 Share Posted June 15, 2010 The following was just read out in the main news bulletin on GMTV.. "House prices rose last month following the decision to scrap HIPS. The number of homes going on the market almost doubled, that's according to RICS. The government's decision to abolish HIPS is expected to boost the number of properties for sale by 15%." Doesn't make sense to me Surely this "rise is house prices" due to no HIPS, must just be asking prices, because HIPS was only abolished a few weeks ago? Which is to be expected. Now would be sellers don't have to fork out for a HIPS, more are going to try their luck at selling for an overinflated price. So the media hpi spin just tries to carry on, aiming to keep drawing in those willing buyers. I wonder how much longer they will be able to do this? Quote Link to comment Share on other sites More sharing options...
non frog Posted June 15, 2010 Share Posted June 15, 2010 ..... So the media hpi spin just tries to carry on, aiming to keep drawing in those willing buyers. I wonder how much longer they will be able to do this? The media, particularly the media aimed at stupid people - the tabloids, ITV, Sky etc. - tells people what they want to hear. HPI good. So the RCIS survey which doesn't report anything at all really other than a few surveyors opinions, proves that your average man in the street is richer because his shitty box of bricks is now worth a few quid more. Happy days. Quote Link to comment Share on other sites More sharing options...
Renter2011 Posted June 15, 2010 Share Posted June 15, 2010 Oh well. Looks like we are renting forever. My landlord told me he will never put our rent up. That's one good thing. Been same for 3 years we have been here. Quote Link to comment Share on other sites More sharing options...
DeepLurker Posted June 15, 2010 Share Posted June 15, 2010 Oh well. Looks like we are renting forever. My landlord told me he will never put our rent up. That's one good thing. Been same for 3 years we have been here. (off topic) Not necessarily. You could always move abroad No, seriously, have a think about it - I personally know 3 couples in their 30s who have packed their bags this year alone. For 2 of them, they were quite open that their irresistible urge to have rugrats was colliding with the unmovable problem of UK house prices. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted June 16, 2010 Share Posted June 16, 2010 Another bunch of CONFLICTED LIARS. Why does anyone bother to report such idiotic views? Oh? The press are "conflicted liars" too. Pity that. Welcome to the real UK -- a land of lunacy - and - above all - fraud. Quote Link to comment Share on other sites More sharing options...
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