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Sancho Panza

Asking prices are 27% or £84k above average selling prices

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Shaun Richards 14/11/17

Shaun quoting Henry Pryor.

'As to the gap between asking prices and actual selling ones Henry Pryor helps us out.

Average asking prices measured by @rightmove across the country have fallen slightly. They’re now just 27% (£84k) higher than average sale prices recorded by @ONS'

 

Interesting that there's such a divergence.

Some other interesting stats

' This problem is exemplified by how younger people are struggling to follow in the footsteps of their parents by buying their own homes. The number of homeowners under the age of 45 in England has dropped by 904,000 since the Conservatives entered government in 2010: down from 4.46m in that year to 3.56m in 2015-2016, according to data from the Department for Communities and Local Government. '

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Looking at my looking market, 90% are well above clearing clearing price.

Just sat there, waiting for something magic to happen with bank credit or incomes.

Nothing will. There's ~15 years of stocking waiting to bolt thru a tiny hole.

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2 hours ago, spyguy said:

Looking at my looking market, 90% are well above clearing clearing price.

Just sat there, waiting for something magic to happen with bank credit or incomes.

Nothing will. There's ~15 years of stocking waiting to bolt thru a tiny hole.

Just needs a black swan and I see a potential flight of them bearing down on the UK for a looong winter 

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7 hours ago, Sancho Panza said:

' This problem is exemplified by how younger people are struggling to follow in the footsteps of their parents by buying their own homes. The number of homeowners under the age of 45 in England has dropped by 904,000 since the Conservatives entered government in 2010: down from 4.46m in that year to 3.56m in 2015-2016, according to data from the Department for Communities and Local Government. '

Kinda funny that the Tories specifically get blame here - Labour were doing it so well before, non? At best, you can accuse the Tories of continuing the good work of previous Labour governments....

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3 hours ago, wasbuckers said:

Kinda funny that the Tories specifically get blame here - Labour were doing it so well before, non? At best, you can accuse the Tories of continuing the good work of previous Labour governments....

Labour haven't been in power since 2010. You can no more blame then than Thatcher.

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  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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