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

A 3 course meal of bear-food to start your day

Recommended Posts

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/

Share this post


Link to post
Share on other sites

The Zoopla editorial is gaining traction just heard the story on LBC.  Let's hope this has legs and runs far and wide.

Share this post


Link to post
Share on other sites

Thanks for the links. Interesting change of tone. 

I have shared these with some brain dead property people. I expect aggressive reaction

Share this post


Link to post
Share on other sites
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"

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

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% 

Share this post


Link to post
Share on other sites
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.

 

Share this post


Link to post
Share on other sites

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.:)

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

'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.

 

Share this post


Link to post
Share on other sites
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.;)

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.

  • Next General Election   90 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    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.