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hurlerontheditch

"Positive" Growth for homes market

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The number of homes coming on to the housing market is showing signs of positive growth for first time in more than two years, surveyors have reported. For the first time in 27 months, the overall balance of surveyors seeing the supply of new homes growing rather than shrinking has turned positive.

A net balance of 5% reported seeing the flow of properties coming to market increasing rather than falling in May. The Royal Institution of Chartered Surveyors' market survey also found that, while the flow of houses coming on to the market has increased marginally, average stock levels on estate agents' books across the UK was still close to an all-time low, at just over 42 properties.

Rics said: "It therefore remains to be seen whether the increase in May truly marks the beginning of supply pressures easing."

from the BEEB Live business page

 

more properties' coming to the market will hopefully mean it becomes a buyers market more and more and drives prices down

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17 minutes ago, hurlerontheditch said:

from the BEEB Live business page

 

more properties' coming to the market will hopefully mean it becomes a buyers market more and more and drives prices down

an increase in supply alone does not drive prices down... All buyers should go on strike... until house prices are included into CPI.... 

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3 minutes ago, maverick73 said:

an increase in supply alone does not drive prices down... All buyers should go on strike... until house prices are included into CPI.... 

not alone however the low volume has propped up prices, another piece of the puzzle

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22 minutes ago, maverick73 said:

an increase in supply alone does not drive prices down... All buyers should go on strike... until house prices are included into CPI.... 

Little point in putting them in CPI now.  All that would do is show -20% CPI for 3 years :lol: 

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4 hours ago, hurlerontheditch said:

The number of homes coming on to the housing market is showing signs of positive growth for first time in more than two years, surveyors have reported. For the first time in 27 months, the overall balance of surveyors seeing the supply of new homes growing rather than shrinking has turned positive.

I wonder if BTLers...?

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7 hours ago, hurlerontheditch said:

from the BEEB Live business page

 

more properties' coming to the market will hopefully mean it becomes a buyers market more and more and drives prices down

Yes here is hoping.

There is nothing I even like let alone want to blow the best part of half a million £ and indenture myself for.

 

 

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11 hours ago, maverick73 said:

an increase in supply alone does not drive prices down... All buyers should go on strike... until house prices are included into CPI.... 

In this market of all markets, yes it does.

 

supply and demand bruv, supply and demand

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  • 301 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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