electrogear Posted April 15, 2017 Share Posted April 15, 2017 3 sentiment-killing news articles off the back off a Zoopla report. I was particularly stunned to see Yorkshire Post reporting this, as everything I've read from them in the last couple of years has been ramping prices up. Also good to see a tabloid and major news outlet using words like "collapse" or "plunge", although that's far from the truth compared to what's to come, at least they're reflecting a negative direction for a change. http://www.yorkshirepost.co.uk/news/billions-wiped-off-value-of-homes-1-8494169 http://www.mirror.co.uk/money/29billion-collapse-house-prices-fall-10224876 http://www.itv.com/news/2017-04-14/29bn-wiped-off-british-property-market-in-just-three-months/ Quote Link to comment Share on other sites More sharing options...
Blod Posted April 15, 2017 Share Posted April 15, 2017 The Zoopla editorial is gaining traction just heard the story on LBC. Let's hope this has legs and runs far and wide. Quote Link to comment Share on other sites More sharing options...
btl_hater Posted April 15, 2017 Share Posted April 15, 2017 The story's seem to have a positive spin to them too.. Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted April 15, 2017 Share Posted April 15, 2017 Thanks for the links. Interesting change of tone. I have shared these with some brain dead property people. I expect aggressive reaction Quote Link to comment Share on other sites More sharing options...
btl_hater Posted April 15, 2017 Share Posted April 15, 2017 Just checked the Express and Mail websites to see how they are reporting this news– no mention yet– will be interested to see how it develops. Quote Link to comment Share on other sites More sharing options...
honkydonkey Posted April 15, 2017 Share Posted April 15, 2017 https://www.theguardian.com/money/2017/apr/15/average-uk-house-price-falls-1000-since-start-of-year Quote Link to comment Share on other sites More sharing options...
electrogear Posted April 15, 2017 Author Share Posted April 15, 2017 3 minutes ago, btl_hater said: Just checked the Express and Mail websites to see how they are reporting this news– no mention yet– will be interested to see how it develops. The Mail headline will probably say something like "property BOOM imminent as property tycoons take a breather before house prices SOAR this summer" Quote Link to comment Share on other sites More sharing options...
darkmarket Posted April 15, 2017 Share Posted April 15, 2017 Very satisfying bear food, just in time for brunches and dinner parties. Quote Link to comment Share on other sites More sharing options...
Lavalas Posted April 15, 2017 Share Posted April 15, 2017 Great news. On a personal note we were chatting about buying a house last night. I said that we need to be patient but a crash is all good to go and she was taking the p*ss calling me 'the forecaster' so will look forward to this being in every paper. Also, thanks for letting me steal your wisdom guys. Quote Link to comment Share on other sites More sharing options...
electrogear Posted April 15, 2017 Author Share Posted April 15, 2017 17 minutes ago, darkmarket said: Very satisfying bear food, just in time for brunches and dinner parties. I was chuckling to myself last night at the thought of scores of hungover estate agents waking up to this! Hehehe Quote Link to comment Share on other sites More sharing options...
darkmarket Posted April 15, 2017 Share Posted April 15, 2017 Just now, electrogear said: I was chuckling to myself last night at the thought of scores of hungover estate agents waking up to this! Hehehe Nice to keep a paper open at this page under your arm when meeting said hungover agent for a viewing, extra chirpy. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted April 15, 2017 Share Posted April 15, 2017 Shame it's not in on the BBC or Mail. would like a lot more people to see this. in my part of the world sellers are asking 2016 prices plus 25% as spring is here. glad to see the reality is falling prices. now BTL is being taken out of the question the real price level should be 2016 minus 30% Quote Link to comment Share on other sites More sharing options...
MrMonkey Posted April 15, 2017 Share Posted April 15, 2017 42 minutes ago, electrogear said: I was chuckling to myself last night at the thought of scores of hungover estate agents waking up to this! Hehehe EAs should be welcoming this report. It should back up what they have seen over the last few months - that owners need to be more conservative with their price if they want to sell. Rather than blaming the EA if they do not find a buyer within a week willing to pay 30% more than last year's purchase price of a similar property. The smart EAs will be telling sellers to go a bit low today (before the herd realises that prices are falling) rather than having to go even lower in six months time. They get paid commission on sales, and there is no commission if the price is higher than a buyer is willing to pay. Quote Link to comment Share on other sites More sharing options...
Patient London FTB Posted April 15, 2017 Share Posted April 15, 2017 Are Zoopla's figures just based on asking prices, anyone know? Quote Link to comment Share on other sites More sharing options...
long time lurking Posted April 15, 2017 Share Posted April 15, 2017 20 minutes ago, Patient London FTB said: Are Zoopla's figures just based on asking prices, anyone know? Not sure but it`s even better news if they are ..as that realy is a change in sentiment Quote Link to comment Share on other sites More sharing options...
highcontrast Posted April 15, 2017 Share Posted April 15, 2017 Dunno about you lot, but im stuffed! May need a gym session to work this all off! Quote Link to comment Share on other sites More sharing options...
electrogear Posted April 15, 2017 Author Share Posted April 15, 2017 1 hour ago, MrMonkey said: The smart EAs ....? Quote Link to comment Share on other sites More sharing options...
mathschoc Posted April 15, 2017 Share Posted April 15, 2017 So happy ??? Quote Link to comment Share on other sites More sharing options...
jfk Posted April 15, 2017 Share Posted April 15, 2017 Nom nom nom Quote Link to comment Share on other sites More sharing options...
janch Posted April 15, 2017 Share Posted April 15, 2017 Plus there's a noticeable decline in houses being put up for sale round here (Wilts). I'll expect a flood shortly when people want to get out before they're wiped out. Quote Link to comment Share on other sites More sharing options...
AvoidDebt Posted April 15, 2017 Share Posted April 15, 2017 From the Yorkshire Post article. Good to see some of the London suburbs leading the charge on the way down. These places were always going to come undone badly. 60%+ in 4-5 years. Full of deluded fckwits looking for 750k+ for their crap semis. Parts of London and the surrounding commuter belt were also among the areas to see the biggest declines in property values since the start of the year, including Morden, Northwood and Waltham Cross.Read more at: http://www.yorkshirepost.co.uk/news/billions-wiped-off-value-of-homes-1-8494169 Quote Link to comment Share on other sites More sharing options...
nome Posted April 15, 2017 Share Posted April 15, 2017 Mail now... http://www.dailymail.co.uk/money/mortgageshome/article-4414318/Average-UK-home-falls-1-000-value.html Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted April 15, 2017 Share Posted April 15, 2017 'The value of the average home in Britain has fallen by around £1,000 since the start of the year, but it is still higher than a year ago...' They had to get that in didn't they. Quote Link to comment Share on other sites More sharing options...
Guest Posted April 15, 2017 Share Posted April 15, 2017 I'm effing livid at the prices near me going SSTC. £340k for a 3 bed semi FFS. Quote Link to comment Share on other sites More sharing options...
winkie Posted April 15, 2017 Share Posted April 15, 2017 13 minutes ago, Kiwi_Muncher said: I'm effing livid at the prices near me going SSTC. £340k for a 3 bed semi FFS. Think yourself lucky....some are having to pay £500k or more, their choice......others living in just as safe place, a place just as secure with similar people, just as intelligent, conscientious people, same services and the same rule of law pay less than £150k....you pay your money you make your choice. Quote Link to comment Share on other sites More sharing options...
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