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TheCountOfNowhere

Housing Market Is Toast....

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Well, it looks to be going that way in Towcester !!!!

6 bedroom character property for sale Adstone, Towcester, Northamptonshire, NN12 8DT

http://www.rightmove.co.uk/property-for-sale/property-29675841.html?premiumA=true

20/11/2014
Price changed: Guide Price £2,000,000 £1,800,000
Status changed: Premium Listing, Under offer, null, null
Price changed: £1,800,000
04/10/2014
Price changed: Guide Price £2,000,000
10/08/2014
Status changed: Premium Listing, null, Under offer, null
07/04/2014
Status changed: Premium Listing, null, null
19/03/2014
Initial entry found.
Failed sail and a 200K drop.. Sign of the times.

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...Which may be a pity, because less than one pound in every six of the UK's total £7.6trn wealth is safely outside the property market.

Yes, that's right: 84% of our wealth is 'in property'. 61% of the UK's 'wealth' is in 'dwellings', a further 23% is in other property, including commercial and public buildings, leaving just 16% - a mere £1.2trn - in other assets, such as the value of firms.

Unbalanced?

Full data is here, courtesy of the Office of National Statistics:

http://www.ons.gov.uk/ons/dcp171778_386098.pdf

(PS: Mods: I tried to post this as a News Blog, and it didn't come up; also, I can't start new topics in this forum any more - anyone know why?)

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...Which may be a pity, because less than one pound in every six of the UK's total £7.6trn wealth is safely outside the property market.

Yes, that's right: 84% of our wealth is 'in property'. 61% of the UK's 'wealth' is in 'dwellings', a further 23% is in other property, including commercial and public buildings, leaving just 16% - a mere £1.2trn - in other assets, such as the value of firms.

Unbalanced?

Full data is here, courtesy of the Office of National Statistics:

http://www.ons.gov.uk/ons/dcp171778_386098.pdf

(PS: Mods: I tried to post this as a News Blog, and it didn't come up; also, I can't start new topics in this forum any more - anyone know why?)

Plus ca change, as the Kippers say.

potemkin.JPG

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1/6th outside property stat, how does that compare to other G7 countries?

Except Germany and Japan, the same maybe. What about the likes of Australia & Canada also very high I would have thought.

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