Jump to content
House Price Crash Forum
Sign in to follow this  
hi5lo5

Housing activity stutters in Dec - RICS

Recommended Posts

Meanwhile, the latest RICS survey provides further evidence that both price and rent pressures are continuing to spread from the more highly valued to more modestly valued parts of the market for good or ill.

Simon Rubinsohn, RICS Chief Economist 22 hours ago

 

 

 

 

Share this post


Link to post
Share on other sites
Guest

"central London is the only area where in which prices are falling with the price indicator having remained in negative territory for ten consecutive months"

Share this post


Link to post
Share on other sites
8 minutes ago, btd1981 said:

Increases? Decreases? Boom? Stall? Surge? Falter? Freakin' pause for breath? I don't know what's going on anymore. This is a recipe for insanity.

If you read my last few dozen posts, I think you'll see I agree.

Something is clearly not right, but if you listen to MSM and the government then everything is rosy.

My father said to me today, "that old b*tch may doesnt look like she's slept in weeks".  i.e. she looks a worried person.

Nothing is making sense, the house prices are, well ludicrous, the support of them using out taxes should be a criminal offense, but still the push them.

My conclusion, they fear collapse.  Maybe they think the collapse will be so bad the British people might finally, after 100 years, take what is rightfully theirs and not a couple of hundred 1000 year old famillies.

Share this post


Link to post
Share on other sites

I'm also very curious as to how the December rises, sales volume aside, square with the fall in confidence in the market. A lot of things don't add up at the moment, there's a sense of cracks appearing below the paper.

Count, you might appreciate Yves Smith on Christine Lagarde's call to increase wealth distribution:

"Awfully late to take the other side on this issue, but barbarians at the ramparts do focus the mind."

http://www.nakedcapitalism.com/2017/01/links-11817.html

Bear market in gilts is well established now, that's a primary driver for panic. It's like a group of diners in a fine restaurant, each without the cash to pay the bill. It's been gluttonous but everyone is noticing that everyone else is shifting towards the door: https://www.bloomberg.com/quote/GUKG10:IN

Share this post


Link to post
Share on other sites
19 minutes ago, darkmarket said:

I'm also very curious as to how the December rises, sales volume aside, square with the fall in confidence in the market. A lot of things don't add up at the moment, there's a sense of cracks appearing below the paper.

Count, you might appreciate Yves Smith on Christine Lagarde's call to increase wealth distribution:

"Awfully late to take the other side on this issue, but barbarians at the ramparts do focus the mind."

http://www.nakedcapitalism.com/2017/01/links-11817.html

Bear market in gilts is well established now, that's a primary driver for panic. It's like a group of diners in a fine restaurant, each without the cash to pay the bill. It's been gluttonous but everyone is noticing that everyone else is shifting towards the door: https://www.bloomberg.com/quote/GUKG10:IN

I expect TPTB be monitor/spy on no end of groups/websites/organisations just to keep an eye on sentiment and potential revolutionary ideas, wouldnt you if you were in charge ?

The chances of them not knowing how f**k off with the system the majority of people are is 0% in my opinion.  BrExit and TrumpEntry ( I knew a girl once who was well into that )  alone should be MAJOR warnings to them 

Lets hope they are about to act on this.

Share this post


Link to post
Share on other sites

There was also this. 

House prices DID go down last year while demand and supply both dwindled, says haart

 

Actual average house prices across England and Wales went down on both a monthly and an annual basis in December, estate agents haart have reported.

The ‘actual’ data from haart’s own sales information contradicts other figures which suggest that house prices have continued to rise.

However, from its own network’s data across some 100 offices, haart reports that house prices at SSTC stage finished the year at £224,991 – down 1.6% on November, and down 3.3% on December the precious year.

The agent also reports lower demand, lower supply, fewer exchanges, and a collapse in buy-to-let purchasers, all measured across the year.

London house prices did buck the annual trend recorded by haart, finishing the year at £568,511 – 5.9% up on the previous December, although 2.5% down on the month.

The number of exchanges was 3.1% up on November but 17% down on the year.

New buyer demand fell by 15.1% on a monthly basis and was down by 38.8% year on year.

Supply was also down – by 16.7% on the month and 7.5% on the year.

The number of landlords registering to buy was also down, by 14.7% on the month and by over half (51.5%) annually across England and Wales.

The fall was at its most pronounced in London where there was a 20.2% decrease measured monthly, and a drop of 65.1% annually.

CEO Paul Smith issued a defiant rallying call, saying that applicant activity in the post-Christmas period is so far up 5% on a year ago.

He said: “If the economy remains sound, renewed interest should translate into higher transaction rates in 2017.

“It is certainly time we all moved on. The idea of Article 50 holding up someone’s decision to buy or sell a home is ridiculous nearly a year on from the referendum, especially as the economy has remained so robust.

“Prices cooling down is a good thing for buyers – now is a great time for them to get a good deal.

“However, the Government can undoubtedly do more to help the property market in 2017.

“Clearly there are no signs of a ceasefire on the ‘War on Landlords’ with a new plan to introduce England’s second home Stamp Duty surcharge in Wales – and no sign of scaling back the damage felt by landlords in England.

“The Government has even wobbled on the publication of the Housing White Paper, which should have been the driving force of fresh new incentives to get house builders building, and this points to a government with a lack of a coherent strategy to help solve the housing crisis.

“It is crucial that the Government gets this right.

“We need to look at more creative housing solutions in 2017. Clearly the current shortage is not sustainable and more thinking outside the box is needed to get first- time buyers into the homes they so desperately want.”

http://www.propertyindustryeye.com/house-prices-did-go-down-last-year-while-demand-and-supply-both-dwindled-says-haart/

Share this post


Link to post
Share on other sites

Trumpentry...is that a political movement or a 'technique'? :D

 

 

Edited by btd1981
Whoops, sorry, distracted and I see what you did there ;)

Share this post


Link to post
Share on other sites
1 minute ago, TheCountOfNowhere said:

Lets hope they are about to act on this.

Alongside the lip service about redistribution, they've certainly put in place a legislative framework to deal with any undesirable outbreaks of populism.

3 minutes ago, AvoidDebt said:

New buyer demand fell by 15.1% on a monthly basis and was down by 38.8% year on year.

 

3 minutes ago, AvoidDebt said:

“Prices cooling down is a good thing for buyers – now is a great time for them to get a good deal.

Such entertainment. No, now is a good time to invest in popcorn, not property.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   216 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.