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Tired of Waiting

In May 2010 Only 12.2% Expected Hp To Be Lower In A Year's Time.

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At the last Rightmove quarterly survey, almost 3 months ago, house prices expectations were still for increases, and surprisingly strongly: Only 12.2% expected prices to be lower in a year time, whilst 50.5% expected increases (see below).

Rightmove should release the new survey in a few weeks. It should be very interesting to compare the new with this.

Any predictions for the total percent of respondents expecting falls / increases? In this table it is 12.2 / 50.5. :)

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hpexpectations.png

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Table: http://img810.imageshack.us/img810/9109/hpexpectations.png

Source: http://www.rightmove.co.uk/news/files/2010/05/ccs-quarter-2-2010.pdf

Edited by Tired of Waiting

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At the last Rightmove quarterly survey, almost 3 months ago, house prices expectations were still for increases, and surprisingly strongly: Only 12.2% expected prices to be lower in a year time, whilst 50.5% expected increases (see below).

Rightmove should release the new survey in a few weeks. It should be very interesting to compare the new with this.

Any predictions for the total percent of respondents expecting falls / increases? In this table it is 12.2 / 50.5. :)

_______________________________________________________________________________

hpexpectations.png

_______________________________________________________________________________

Table: http://img810.imageshack.us/img810/9109/hpexpectations.png

Source: http://www.rightmove.co.uk/news/files/2010/05/ccs-quarter-2-2010.pdf

no predictions but the more expect them to increase and the less that expect them to decrease the better it is for declines

Edited by Tamara De Lempicka

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Didn't Martin shipside say recently that initial indications were that those expecting prices to rise dropped back by about 12 points?

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The results are partly the result of a defence mechanism. The future for many people is already quite grim. It is too ghastly to contemplate their future with lower house prices and current debt levels as well.

"Never was so much owed by so many to so few" takes on a whole new meaning.

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no predictions but the more expect them to increase and the less that expect them to decrease the better it is for declines

How?

I think expectations of higher prices motivates buyers and de-motivates sellers, increasing demand and reducing supply, thus leading to prices increases.

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At the last Rightmove quarterly survey, almost 3 months ago, house prices expectations were still for increases, and surprisingly strongly: Only 12.2% expected prices to be lower in a year time, whilst 50.5% expected increases (see below).

Rightmove should release the new survey in a few weeks. It should be very interesting to compare the new with this.

Any predictions for the total percent of respondents expecting falls / increases? In this table it is 12.2 / 50.5. :)

_______________________________________________________________________________

hpexpectations.png

_______________________________________________________________________________

Table: http://img810.imageshack.us/img810/9109/hpexpectations.png

Source: http://www.rightmove.co.uk/news/files/2010/05/ccs-quarter-2-2010.pdf

Update. A previous post by Realistbear mentions this older survey. But I think Rightmove didn't publish the new report in full yet.

In the new press release they say that the number of Britons who predict house prices will be higher in a years time has shrunk significantly, from 50 per cent to 41 per cent since last quarter. "Miles Shipside, commercial director of Rightmove (LSE: RMV.L - news) , said: A 9 per cent drop in people expecting prices to be higher in a years time is a significant shift."

http://uk.finance.yahoo.com/news/confidence-falls-in-higher-house-prices-tele-582446b63c46.html?x=0

Myra Butterworth, 11:52, Wednesday 28 July 2010
The number of Britons who predict house prices will be higher in a years time has shrunk significantly amid the Governments austerity measures, claims new research.
The latest consumer confidence survey from property website Rightmove (LSE: RMV.L - news) suggested the proportion of people expecting prices to be higher next year has dropped from 50 per cent to 41 per cent since last quarter.
Miles Shipside, commercial director of Rightmove (LSE: RMV.L - news) , said: A 9 per cent drop in people expecting prices to be higher in a years time is a significant shift.
With austerity measures starting to bite, a growing nervousness is to be expected.

Minor *burp.*

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Didn't Martin shipside say recently that initial indications were that those expecting prices to rise dropped back by about 12 points?

I found a post about that (please see above). 9% drop.

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The results are partly the result of a defence mechanism. The future for many people is already quite grim. It is too ghastly to contemplate their future with lower house prices and current debt levels as well.

"Never was so much owed by so many to so few" takes on a whole new meaning.

I agree. Their pensions, and dreams, are linked to their houses values. It will be a very painful adjustment, for many millions of people. (I think Brown will not be able to blind himself (no references intended) forever to what he has done. What a lunatic moron.)

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Where do I buy a pair of rose tinted spectacles anyway? :lol:

Looks like us lot are in 12.2% loon camp again - you have to love the Sheeple...

This 12% may have gone up to some 20% by now. Lets see when the new (quarterly) survey comes out, in a few weeks.

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  • 244 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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