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House Asking Prices Rise To Highest Level For Three Years

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http://www.telegraph.co.uk/finance/economics/houseprices/8515301/House-asking-prices-rise-to-highest-level-for-three-years.html

The average asking price for a home rose to £238,874 in May, up 1.3 per cent on the previous month, and is now at its highest level since June 2008.

The hike in prices comes as the number of houses being put on the market fell 30 per cent to 20,000 a week over the bank holiday period as potential sellers were distracted by the royal wedding and the warm weather.

This led some estate agents to agree to market homes at unrealistic prices as they competed for scarcer new listings, the report said.

Continuing demand for good quality property in better areas and a lack of pressure to sell have enabled prices to defy downward pressure, according to the report.

But it warned that rate rises from the Bank of England could drive prices downwards by forcing more sales.

:lol::lol::lol:

Hilarious.

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So RM, a business reliant on housing turnover 'warns' that IR hikes could force SALES.

Does nobody in that industry have the faintest fukcing idea what is going on around them??

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This led some estate agents to agree to market homes at unrealistic prices as they competed for scarcer new listings, the report said.

This sentence didn't appear by chance IMO. The author is highlighting a key source of the problem: too many estate agents.

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So RM, a business reliant on housing turnover 'warns' that IR hikes could force SALES.

Does nobody in that industry have the faintest fukcing idea what is going on around them??

It's referred to in the medical profession as "Double D syndrome".

Delusion and Denial.

Edited by cool_hand

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It's referred to in the medical profession as "Double D syndrome".

Delusion and Denial.

I'll bet the plastic surgery section of the medical profession have a different understanding.

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Rightmove measured 98,606 asking prices – circa 90% of the UK market. The properties were put on sale by estate agents from

10thApril 2011 to 7thMay 2011 and advertised on Rightmove.co.uk.

So this is the first survey since the new stamp duty upper limit came into effect. Should we have expected any impact?

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Rightmove measured 98,606 asking prices – circa 90% of the UK market. The properties were put on sale by estate agents from

10thApril 2011 to 7thMay 2011 and advertised on Rightmove.co.uk.

So this is the first survey since the new stamp duty upper limit came into effect. Should we have expected any impact?

In an answer to my own question, London - the region with then highest number of million quid digs - was the only region that did not show a MoM increase (the figure was flat).

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In an answer to my own question, London - the region with then highest number of million quid digs - was the only region that did not show a MoM increase (the figure was flat).

Ah, that's good. Give it 6 months and the asking price of every house outside of London will be the same as those in London.

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So RM, a business reliant on housing turnover 'warns' that IR hikes could force SALES.

Does nobody in that industry have the faintest fukcing idea what is going on around them??

Probably, they realize they are running a ponzi scheme and everything associated with this "market" is just spin, hype, pressure, fraud and bent economics.

It will continue to be a disaster for the overall economy until that collapses completely.

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Probably, they realize they are running a ponzi scheme and everything associated with this "market" is just spin, hype, pressure, fraud and bent economics.

It will continue to be a disaster for the overall economy until that collapses completely.

they probably think a ponzi scheme is a new variation on sticks in vases:

bonsai%20097.jpg

Edited by Si1

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Probably, they realize they are running a ponzi scheme and everything associated with this "market" is just spin, hype, pressure, fraud and bent economics.

It will continue to be a disaster for the overall economy until that collapses completely.

Very true, all the chips are on the housing square, it must succeed or we all fail.

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There is a theory (backed up by some scientific research) that those who are depressed are the ones with a realistic view of the world. The mentally healthy, and especially the optimistic, are the ones who believe that things are more or less alright, and that they will be able to manage their lives according to their wishes.

Some commentators have noted that without this distortion, the human race might commit collective suicide, since reality is horrible.

I leave you to judge how far this applies to the housing market in general and to sellers and EAs in particular.

Delusions may be a survival mechanism.

db

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There is a theory (backed up by some scientific research) that those who are depressed are the ones with a realistic view of the world. The mentally healthy, and especially the optimistic, are the ones who believe that things are more or less alright, and that they will be able to manage their lives according to their wishes.

Some commentators have noted that without this distortion, the human race might commit collective suicide, since reality is horrible.

I leave you to judge how far this applies to the housing market in general and to sellers and EAs in particular.

Delusions may be a survival mechanism.

db

In a similar vein, this explains why religious people seem more content and less likely to commit suicide. They believe in a fairy story. But, of course, this in itself is a mass form of mental illness. Infact, don't some sects form mass suicide? (Going around in circles with my logic here :) )

Perhaps humans are not suitable as custodians of this planet. We haven't evolved up the tree far enough, to trust each other.

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Perhaps humans are not suitable as custodians of this planet. We haven't evolved up the tree far enough, to trust each other.

Who said we were custodians of the planet? oh.. humans did. :P

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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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