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House Prices Down As Bank Holiday Weekends Weaken Demand

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http://www.dailymail.co.uk/news/article-1392317/House-prices-bank-holiday-weekends-weaken-demand.html

House prices resumed their downward trend in May as demand from potential buyers weakened following the long Bank Holiday weekends.

Estate agents recorded a 0.5 per cent drop in the number of househunters registering with them, the first fall for three months, according to housing intelligence firm Hometrack.

The group blamed the fall in interest on the recent run of Bank Holiday weekends, which have caused people to put moving plans on hold while they enjoy the extra time off work.

Good to know it was the bank holidays rather then people having no money.

Next it will be all the summer holidays people are having at home causing the problem.

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http://www.dailymail.co.uk/news/article-1392317/House-prices-bank-holiday-weekends-weaken-demand.html

Good to know it was the bank holidays rather then people having no money.

Next it will be all the summer holidays people are having at home causing the problem.

I think they use a random excuse generator now a bit like those automated station announcements giving you the latest implausible reason why your train is late.

Once upon a time bank holiday weekends were when a lot of house hunting was done.

In fact it was not that long ago that this conveyancing magazine was predicting a surge in business at the spring holidays

http://www.todaysconveyancer.co.uk/news.php?viewStory=369

Edited by stormymonday_2011

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I think they use a random excuse generator now a bit like those automated station announcements giving you the latest implausible reason why your train is late.

Once upon a time bank holiday weekends were when a lot of house hunting was done.

In fact it was not that long ago that this conveyancing magazine was predicting a surge in business at the spring holidays

http://www.todayscon...p?viewStory=369

Back in the distant past when having any kind of pulse got you stacks of nearly free money :lol: . Can`t wait until the Beeb are forced to start reporting the inevitable :P

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Good to know it was the bank holidays rather then people having no money.

Next it will be all the summer holidays people are having at home causing the problem.

Presumably the excuse for June will be "return to work weakens demand"

Edited by Goat

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[

Good to know it was the bank holidays rather then people having no money.

Next it will be all the summer holidays people are having at home causing the problem.

It must have been the bank holidays. I'm sure that lots of people were thinking "with all of these bank holidays, there's no way I'll be buying any houses this month".

No doubt they will all get back to it next month.

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Swansea just got promoted - imagine the angst for local estate agents.

Swansea in premiership - put 30% on all asking prices?

No one buying - blame it on Swansea being in the premiership?

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Just tried to comment on this - comments are being moderated... :rolleyes:

There's 18 comments on there right now - pretty much all of them berate the article for not stating the fact that high house prices are obviously the problem.

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There's 18 comments on there right now - pretty much all of them berate the article for not stating the fact that high house prices are obviously the problem.

Yes, the refusal to discuss this in the media has just become laughable, even sheeple know it`s game over.

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Some of the comments on there are clearly from HPC but they are so vague that they can be interpreted either way.

If you are going to post on the MSM such comments please write short, simple comments that Joe Public will understand and not just stuff that HPC bears will be able to decode.

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You've got to laugh at the notion that a public holiday is going to stop people making a massive life-changing decision like buying a house. As if it's a trivial thing you'll put off like going out to the shops during bad weather or something.

What next? House prices down because people want to stay in and watch the Britain's Got Talent final perhaps.

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You've got to laugh at the notion that a public holiday is going to stop people making a massive life-changing decision like buying a house. As if it's a trivial thing you'll put off like going out to the shops during bad weather or something.

What next? House prices down because people want to stay in and watch the Britain's Got Talent final perhaps.

Why? During the boom people put more thought into buying their sofa than buying the house around it. You may laugh, and quite rightly so, but mass idiocy begets mass media idiocy (BBC).

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Why? During the boom people put more thought into buying their sofa than buying the house around it. You may laugh, and quite rightly so, but mass idiocy begets mass media idiocy (BBC).

Yes and No, in that Yes people do as you say, but No in that I think it is not boom-specific. It is part of a generalized '****** it, this is all so complex, scary and with the potential to go horribly wrong that I really dont want to think about it and will instead put my fate in the hands of self-proclaimed experts' syndrome.

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  • 312 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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