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John The Pessimist

London Prices To 'creep Up'. Rics Report

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"property professionals expecting values to merely creep up by 1.9pc over the next 12 months."

So we are to expect a sighting of a creature as elusive as the Loch Ness Monster, meaning of course the Soft Landing.

This chart http://www.worldpropertychannel.com/news-assets/london-property-10142010-chart-1.jpg gives an idea of just how unlikely growth is to land in the region of 1.9%.

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"property professionals expecting values to merely creep up by 1.9pc over the next 12 months."

So we are to expect a sighting of a creature as elusive as the Loch Ness Monster, meaning of course the Soft Landing.

This chart http://www.worldpropertychannel.com/news-assets/london-property-10142010-chart-1.jpg gives an idea of just how unlikely growth is to land in the region of 1.9%.

With falling wages/bonuses that even more unaffordable.

The cat is being let out the back slowly.

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Telegraph take on the RICS report

Article written by their 'Property & Enterprise' correspondent, which says a lot IMPO.

http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/11031999/House-price-growth-to-collapse-in-London.html

Still, at least the headline says, 'House price growth to collapse in London.'

We cannot expect miracles from anyone calling himself 'property and enterprise' correspondent.

In any case I don't suppose such a one would care to use the four letter D word - it would be 'softening' or 'easing' or another of the euphemisms they prefer.

Edited by Mrs Bear

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When the RICS predicts any rise less than 4/5% then that's bad (good) news for house price increases. During the 80s/90s house price recession every year it was going to be a 5% increase even as they reduced in price every year.

Edited by billybong

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Have a look about what they say about Scotland if in any doubt to their VI in the market.

http://m.bbc.co.uk/news/uk-scotland-scotland-business-28777882

"Rics said the continuing supply and demand imbalance was creating more OPTIMISM in the Scottish market, compared with the rest of the UK."

Wow - ******ing disgusting commentary.

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However some surveyors said the Commonwealth Games, the school holidays and the approaching independence referendum led to a slowdown in house sales in their areas last month.

When they go up it's supply and demand and when thye go down it's any straw they can grab hold of.

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When they go up it's supply and demand and when thye go down it's any straw they can grab hold of.

No, they are correct. Its supply of gamblers against supply of house currently on the market.

Both are dynamic variables! We are now seeing a shortage of gamblers and stock piling up from canny investors who want to get out and take their gains with them. Since they're mostly gambling amongst themselves tis time it's unlikely many of them will get out.

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However some surveyors said the Commonwealth Games, the school holidays and the approaching independence referendum led to a slowdown in house sales in their areas last month.

When they go up it's supply and demand and when thye go down it's any straw they can grab hold of.

+1

It's the clutch at any straw (CAAS) method of justification and in other words any national event that might take up some space in the newspapers/media and almost any national event that isn't just run of the mill ordinary. There are always plenty of them whenever excuses are needed.

Edited by billybong

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