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TheCountOfNowhere

The Sun: Property prices in the UK fall for the first time since 2012 because of ‘curbed’ housing demand

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No demand....lots of supply...supply and demand innit, even with cheap easy credit, no in the UK is stupid enough to want to buy at these insane prices.

https://www.thesun.co.uk/money/3509841/house-prices-in-the-uk-are-falling-for-the-first-time-since-2012-because-of-curbed-housing-demand/

 

"deterioration in housing affordability driven by the period of rapid house price growth during 2014-16."

READ AS: the prices are insane, its a bubble and it's unsustainable.

"Ellis added: “A continued low mortgage rate environment, combined with an ongoing acute shortage of properties for sale, should nonetheless help continue to underpin house prices over the coming months.”"

READ AS: We are ****ing desperate

"“A slowing in the growth in prices will give them a chance to build their deposit rather than watch prices rise at a faster rate than they could manage to save.”"

READ AS: A collapse in prices will mean they can actually afford to buy and eat.

"Halifax’s data conflicts with rival lender Nationwide’s, which last week showed that house prices were growing at 2.6 per cent annually "

READ AS: We are ****ing desperate

"THERE are several government schemes available to help you get on to the housing ladder."

READ AS: If you need help them the prices are untenable, you are paying tax to allow idiots to prop up house prices.

 

 

 

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