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Realistbear

U.k. Homes Shortage May Ensure Price Drop `negligible' In 2011, Rics Says

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http://www.bloomberg.com/news/2010-12-22/u-k-homes-shortage-may-ensure-price-drop-negligible-in-2011-rics-says.html

U.K. Homes Shortage May Ensure Price Drop `Negligible' in 2011, RICS Says
By Fergal O’Brien - Dec 22, 2010 12:01 AM GMT
U.K. house prices may extend their drop into 2011 before “stabilizing” as a supply shortage helps to limit declines, the Royal Institution of Chartered Surveyors said.
Indicators “point to the downward trend stabilizing in the spring with prices actually beginning to creep upwards again before the end of the year,” the group said in a statement in London today. Prices in the fourth quarter of 2011 may be a “negligible” 2 percent lower compared with current levels.

Quick, get some HPI bullsh, er, bullish news out there! Tell 'em its a shortage and pent up demand or something that the sheeple might believe.

RM tells me that there are ever increasing numbers of houses for sale my way. 550 for sale within 3 miles of my target post code!

Edited by Realistbear

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Record number of empty properties in Scotland.

Huge number everywhere in North west due to failed home renewal schemes...

No shortage that couldn't be sorted by govt taking action and ensuring all houses are lived in.

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Record number of empty properties in Scotland.

Huge number everywhere in North west due to failed home renewal schemes...

No shortage that couldn't be sorted by govt taking action and ensuring all houses are lived in.

The only element that may support these self interested parasites case is the pent up demand for homes. So it is important that capitulation is able to, move on, early next year.

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Prices in the fourth quarter of 2011 may be a “negligible” 2 percent lower compared with current levels.

Even so I'll take the "negligible" 2% or about £3000 on average thank you very much rather than buy now.

Who knows it might even be more, it might even be a "negligible 10% or more and there might be more "negligible" drops afterwards adding up to some quite decent savings.

Edited by billybong

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http://www.findaprop...d=00&salerent=0

Houses for Sale
Search
777,847 properties for sale and rent

One or two properties on the "other" property site up for sale or rent.

Shortage? :blink:

10 months supply.

see, Government...stop supporting defaulters, itll cost ME less, itll cost THEM less,and it'll cost YOU less.

course, bankers will need to give up a bonus or two.

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It shows how desperate an economy we have in the UK when all we do is try scare people into buying overpriced assets by tricking them into thinking that prices won't fall and if they do fall it will only be by a very small amount.

As the snake eaten around to its own head yet or is there still some body left to eat? :rolleyes:

Edited by MrFlibble

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Don't these thickos get it? Supply, if an issue at all, is a minor one. The banks are not lending the amounts they used to, and, without that lending, sales must stagnate or house prices must fall.

The BOMAD must be pretty much maxed-out now, and anyway the general public has wised-up and don't want to pay ridiculous amounts of money for a house any more. The assumption that house prices can only go up is dead in the water, which was the only reason people were willing to pay silly-money in the first place.

Eff-wits...

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  • 311 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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