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Rightmove House Price Index - London Prices Nosedive

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I'd better turn the TV on as I expect the BBC will be all over this.

Edit: Well bless their little cotton socks......... They were, BBC News quite bearish on housing today .

Edited by Bruce Banner

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It's all Bovis making bumper profits, and how they expect the market outside London to still increase. Fine spin from the Beeb, still rattling on about increasing prices.

Let's see if the press cover this fall?

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It's all Bovis making bumper profits, and how they expect the market outside London to still increase. Fine spin from the Beeb, still rattling on about increasing prices.

Let's see if the press cover this fall?

Yes. it's changed over the last hour with the emphasis changing from Rightmove falls to Bovis rises. Perhaps someone had a word the producer's ear.

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Not seeing it myself personally but RM must be seeing it somewhere.

http://www.theguardian.com/money/2014/aug/18/august-house-prices-slump

Give the fact that agents have been putting house on at silly money then reducing prices a month later then these figures are just nonsense.

Until RM do an index based on current selling prices there is no point even acknowledging it's existence never mind it's validity.

Saying that....GIRUY Hamish.

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Not seeing it myself personally but RM must be seeing it somewhere.

http://www.theguardian.com/money/2014/aug/18/august-house-prices-slump

Record August slump in house prices
Average asking price of new sellers in England and Wales was 2.9% lower than in July, with London prices down 5.9%
Exactly what we've been seeing on the London crash thread.
Will the tories try and throw more of our futures at the bubble knowing not what a potential vote loser it could be.

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I rushed over to the BBc to see their take on this good news........cue the tumble weed.

Sorry for the quadruple posts :D:D:D

I'll be watching the Foxton shares with interest today......

Edited by TheCountOfNowhere

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I love the panic in that use of 'summer sale' phrase. As if once the summer is over, things can get back to HPI exponential 'normal'

It's ok guys, after the summer, your packet of crisps will go up another 20%, so that's ok then.

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Not seeing it myself personally but RM must be seeing it somewhere.

http://www.theguardian.com/money/2014/aug/18/august-house-prices-slump

Just tried to check zoopla's 'most reduced' feature and it's not working. I would like to think it's crashed because there are too many to cope with, overwhelming tide of panic turning into tsunami, etc.

Or are Dark VI Forces afoot?

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I rushed over to the BBc to see their take on this good news........cue the tumble weed.

Sorry for the quadruple posts :D:D:D

I'll be watching the Foxton shares with interest today......

Sorry to do this to you, but Foxtons:

281.0 +10.25 +3.79%

I'm going back to Carpetright...

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Sorry to do this to you, but Foxtons:

281.0 +10.25 +3.79%

I'm going back to Carpetright...

I've posted that on the london thread....it shot up !!!

I've been watching the volumes...something along the lines of: sell 25...sell 100...sell....buy 200......and now and again...sell 20,000+

Low volume trading.

Will be interesting to see where it finishes the week.

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Even Morrisons share price is up today.

Back to asking prices - hardly a mention on Fivelive. They tend to have orgasms when an index says HPs are up.

BBC Business website reporting:

http://www.bbc.co.uk/news/business-28833339

"

Bovis profits rise sharply on 'modest' house price growth"

:lol::lol::lol::lol:

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BBC Business website reporting:

http://www.bbc.co.uk/news/business-28833339

"

Bovis profits rise sharply on 'modest' house price growth"

:lol::lol::lol::lol:

£49.4 million net profit on 1,487 sales in the first half year means £33,200k profit/sale on an average asking sale of £239,500

Same period last year it made £18.6M on 966 sales, meaning £19,500 net profit/sale on an average sale price of £200,200

George's HTB subsidy is being nicely coined in by the builders.

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£49.4 million net profit on 1,487 sales in the first half year means £33,200k profit/sale on an average asking sale of £239,500

Same period last year it made £18.6M on 966 sales, meaning £19,500 net profit/sale on an average sale price of £200,200

George's HTB subsidy is OUR TAXES ARE being nicely coined in by the builders.

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£49.4 million net profit on 1,487 sales in the first half year means £33,200k profit/sale on an average asking sale of £239,500

Same period last year it made £18.6M on 966 sales, meaning £19,500 net profit/sale on an average sale price of £200,200

George's HTB subsidy is being nicely coined in by the builders.

or, maybe land prices may have helped them record high asset value rises.

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I've posted that on the london thread....it shot up !!!

I've been watching the volumes...something along the lines of: sell 25...sell 100...sell....buy 200......and now and again...sell 20,000+

Low volume trading.

Will be interesting to see where it finishes the week.

Yes, that was my thought. Certainly makes it a volatile trade for those with the balls or stupidity...

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I to went on the BBC and all I kind find is:

UK rents 'rise by 2% in a year'

http://www.bbc.co.uk/news/business-28803047 and Bovis profits rise sharply on 'modest' house price growth

http://www.bbc.co.uk/news/business-28833339

have to laugh at the words they use 'modest'

yes there is something in the BBC Business live feed:

We're seeing signs of a buyers' market emerge in London, Miles Shipside from property website Rightmove tells the BBC News Channel. Asking prices for homes in the capital have now fallen for three months in a row and there's more property coming on to the market.

The BBC Stinks.

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The Daily Mail was full of house price woe yesterday (according to my mother). She was suggesting that it was a good time to buy because people would take very low offers......

falling_knife.png

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