Naea Sept Report

[ianbeale]

check this out -

precis

http://www.naea.co.uk/the_naea/general_pub...ails.asp?id=167

full pdf

http://www.naea.co.uk/uploaded_photos/news...surveyfinal.doc

[sign_of_the_times]

They are f****d.  I love the way every sentence announcing disaster is structured to brim over with confidence.

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With July’s rate decrease being the first in over two years

thought rates were cut in August ?

Sellers also demonstrated increased confidence as the number of new instructions rose 3.7% from 13.6 to 14.1, with the number of houses available increasing 40%, from 55 to 77 per agent. The 2005 housing stock figures were also up on the same time last year, when an average of 61.4 houses

40% rise !!!! panic stations everyone

[Pluto]

This report is a chocolate covered turd.

[delite1]

This report is a chocolate covered turd.

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[apom]

They are f****d.  I love the way every sentence announcing disaster is structured to brim over with confidence.

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Sellers also demonstrated increased confidence as the number of new instructions rose 3.7% from 13.6 to 14.1, with the number of houses available increasing 40%, from 55 to 77 per agent. The 2005 housing stock figures were also up on the same time last year, when an average of 61.4 houses were available per agent, in a further sign that consumer confidence is returning to more normal levels

you mean the market is getting flooded..

lol..

[Elizabeth]

Sellers also demonstrated increased confidence as the number of new instructions rose 3.7% from 13.6 to 14.1, with the number of houses available increasing 40%, from 55 to 77 per agent. The 2005 housing stock figures were also up on the same time last year, when an average of 61.4 houses were available per agent, in a further sign that consumer confidence is returning to more normal levels

you mean the market is getting flooded..

lol..

<{POST_SNAPBACK}>

Forgive me for seeming thick, but WHICH consumers appear to be briming with cofindence? Doesn't look like the buyers

[Guest wrongmove]

Sellers also demonstrated increased confidence as the number of new instructions rose 3.7% from 13.6 to 14.1, with the number of houses available increasing 40%, from 55 to 77 per agent. The 2005 housing stock figures were also up on the same time last year, when an average of 61.4 houses were available per agent, in a further sign that consumer confidence is returning to more normal levels

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This is the funniest thing I have read in ages. A sugar-coated sh1te indeed !

[Dicky]

Forgive me for seeming thick, but WHICH consumers appear to be briming with cofindence?  Doesn't look like the buyers

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John lewis just announced this year so far has been the worst for 15 years, they are obviously not referring to JW shoppers.

[SpoonUnit]

That is the most amusingly deceitful document I have read in years.

The 2005 housing stock figures were also up on the same time last year, when an average of 61.4 houses were available per agent, in a further sign that consumer confidence is returning to more normal levels.

What on earth are they on about? How is this, in any way, indicative of positive consumer confidence?

Agents reported an average of 3.6 tenancies terminated over August, down from 5.2 in June and 3.7 in July, as potential buyers waited to see what the Bank of England would do with interest rates in September.

Nothing seasonal then? Furthermore, in what way is the change from 3.7 to 3.6 average tenancy terminations in any way significant? Does this mean that in July, tenants were waiting til the MPC's September decision?

Sorry about all the question marks

[London-loser]

The NAEA hopes to see an improvement in these figures [on the percentage of FTBs] going forward once the full impact of the rate reduction takes hold. However, further rate decreases may be necessary to help first timers in the near future.

Yeah, either that or house price falls.

TITS.

An average 14 WEEKS taken to let a property?

That CAN'T be right, surely?

On average, three months of voids on empty property for rent?

OUCH!

. All in all, the picture looks very promising. With sales and stock both up in August the market is stabilising...

Sales up 10% and stock up 40%?

A recipe for "stabilisation" for sure.

Michael A'Bear - Surrey

- that's a made up estate agent's name planted by someone on HPC, it can't be real.

They seem to have stopped listing that part at the bottom that told us how many BTL properties were bought/sold on average per estate agent. This wouldn't be because the numbers went decidely negative would it?

Edited September 23, 2005 by London-loser