neon tetra Posted November 8, 2018 Share Posted November 8, 2018 What a corker. Worst (best) in 6 years... https://www.reuters.com/article/us-britain-houseprices-rics/uk-house-price-indicator-drops-to-six-year-low-rics-idUSKCN1ND00D?il=0 Quote Link to comment Share on other sites More sharing options...
user not found Posted November 8, 2018 Share Posted November 8, 2018 2 hours ago, neon tetra said: What a corker. Worst (best) in 6 years... https://www.reuters.com/article/us-britain-houseprices-rics/uk-house-price-indicator-drops-to-six-year-low-rics-idUSKCN1ND00D?il=0 Indeed ? Can't see that improving... Trend for sentiment (of EAs, sellers and buyers) and prices is down. At times like this it feels good to be renting with a large deposit ready to pounce. Quote Link to comment Share on other sites More sharing options...
maffo in oxford Posted November 8, 2018 Share Posted November 8, 2018 Hats off to that old poster Columbo, he used to swear by this as the most useful tool to gauge the market overall. Looks like it was the most reliable in general looking back. Quote Link to comment Share on other sites More sharing options...
localhero1983 Posted November 8, 2018 Share Posted November 8, 2018 The only thing keeping the insane high house price levels using an old farmers analogy is for too long the UK has been trying to feed the nation using 50 fields when it needs 100. When you have 100 + fields you pay a quid for a loaf of bread, when you ration people with 50 fields you pay £10 plus and you get a lot of resentment and anger, even from people that want prices of bread to stay at £10, usually they are the greedy ones profiting from it in some way. Quote Link to comment Share on other sites More sharing options...
Queasing Posted November 8, 2018 Share Posted November 8, 2018 Original press release https://www.rics.org/uk/news-insight/latest-news/press-releases/prices-demand-and-supply-all-in-decline-as-brexit-uncertainty-persists/ and full details https://www.rics.org/globalassets/rics-website/media/knowledge/research/market-surveys/uk-residential-market-survey-october-2018.pdf Surveyor comments at the back of the report always worth a read. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted November 8, 2018 Share Posted November 8, 2018 13 minutes ago, Queasing said: and full details https://www.rics.org/globalassets/rics-website/media/knowledge/research/market-surveys/uk-residential-market-survey-october-2018.pdf Surveyor comments at the back of the report always worth a read. That link doesn't work for me. The October 2018 report can be found on the page below if anybody has the same problem: https://www.rics.org/uk/news-insight/research/market-surveys/uk-residential-market-survey/ Quote Link to comment Share on other sites More sharing options...
spyguy Posted November 8, 2018 Share Posted November 8, 2018 Housing market, priced at 8x earnings, meet MMR mortgage market with 4.5x limit. Look at home.co.uk asking price chart. Then compare it against the selling price chart. Quote Link to comment Share on other sites More sharing options...
AdamoMucci Posted November 8, 2018 Share Posted November 8, 2018 Its that awful Brexit I tell you!!!!!! Im not even sure the sun is going to rise!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
user not found Posted November 8, 2018 Share Posted November 8, 2018 1 hour ago, localhero1983 said: The only thing keeping the insane high house price levels using an old farmers analogy is for too long the UK has been trying to feed the nation using 50 fields when it needs 100. When you have 100 + fields you pay a quid for a loaf of bread, when you ration people with 50 fields you pay £10 plus and you get a lot of resentment and anger, even from people that want prices of bread to stay at £10, usually they are the greedy ones profiting from it in some way. The houses were there, but owned by BTL landlords and foreign investors. So it was the supply of homes that FTBs could afford that was lacking. Quote Link to comment Share on other sites More sharing options...
winkie Posted November 8, 2018 Share Posted November 8, 2018 ........ well it is the people who voted for it are now the same people moaning about how their vote has made their total net worth less.....? Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted November 8, 2018 Share Posted November 8, 2018 12 minutes ago, winkie said: ........ well it is the people who voted for it are now the same people moaning about how their vote has made their total net worth less.....? I would say that they are moaning about the way May's government are handling it. Monumental screw-up by the Tories. Mostly Cameron's fault for using the referendum as an election tool and putting peoples backs up by getting Obama (et al) involved and then resigning. May has been a disaster too, parroting Brexit means Brexit whilst trying to engineer a Brexit in name only, the worst of all worlds. Quote Link to comment Share on other sites More sharing options...
winkie Posted November 8, 2018 Share Posted November 8, 2018 57 minutes ago, Bruce Banner said: I would say that they are moaning about the way May's government are handling it. Monumental screw-up by the Tories. Mostly Cameron's fault for using the referendum as an election tool and putting peoples backs up by getting Obama (et al) involved and then resigning. May has been a disaster too, parroting Brexit means Brexit whilst trying to engineer a Brexit in name only, the worst of all worlds. Moaning about both.....everything, get the politicians we deserve, they are a split down the middle as much as the county is..... neither remain or leave is the answer, negotiation is compromise.....the best deal for the people has to be the best and only answer........and forever HPI without checks or balances is not the answer.? Quote Link to comment Share on other sites More sharing options...
danlee74 Posted November 8, 2018 Share Posted November 8, 2018 Cannot find a report on this on BBC yet ... is this usually reported on? Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted November 8, 2018 Share Posted November 8, 2018 12 minutes ago, danlee74 said: Cannot find a report on this on BBC yet ... is this usually reported on? only when It is positive Quote Link to comment Share on other sites More sharing options...
maverick73 Posted November 8, 2018 Share Posted November 8, 2018 Living the credit dream, on invisible money, but actual debt.... they are feeling rich today, gone tomorrow.... ? Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted November 8, 2018 Share Posted November 8, 2018 6 hours ago, maffo in oxford said: Hats off to that old poster Columbo, he used to swear by this as the most useful tool to gauge the market overall. Looks like it was the most reliable in general looking back. Quote Link to comment Share on other sites More sharing options...
dougless Posted November 8, 2018 Share Posted November 8, 2018 1 hour ago, fru-gal said: Surely the only thing to do is to raise MMR to 50 x earnings in that case, so that more FTB can take on a massive debt mortgage to buy a slave box home ?? Absolutely, that will sort it out.... Quote Link to comment Share on other sites More sharing options...
Beaker Posted November 8, 2018 Share Posted November 8, 2018 (edited) There are some corkers in there.. .."Mark Everett, FRICS, Epsom, Michael Everett & Company, markeverett@michael-everett. co.uk - Buyers scarce and vendors struggling to accept the reality of falling prices. We need urgent closure to Brexit negotiations and a serious reduction in SDLT." Edited November 8, 2018 by Beaker Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted November 8, 2018 Share Posted November 8, 2018 EAs are calling me. I usually let it go straight to answerphone ?? Quote Link to comment Share on other sites More sharing options...
winkie Posted November 9, 2018 Share Posted November 9, 2018 This is another one....buyers failing to recognise opportunities.? Jeremy Leaf, FRICS, Finchley, Jeremy Leaf & Co, jeremy@ jeremyleaf.co.uk - We didn’t see an autumn bounce in September or October this year although listings did pick up – many at realistic prices. However, we’re still finding it difficult to generate viewings or offers as buyers fail to recognise the opportunities so far. Quote Link to comment Share on other sites More sharing options...
dougless Posted November 9, 2018 Share Posted November 9, 2018 1 hour ago, winkie said: This is another one....buyers failing to recognise opportunities.? Jeremy Leaf, FRICS, Finchley, Jeremy Leaf & Co, jeremy@ jeremyleaf.co.uk - We didn’t see an autumn bounce in September or October this year although listings did pick up – many at realistic prices. However, we’re still finding it difficult to generate viewings or offers as buyers fail to recognise the opportunities so far. ...stupid buyers, they need a slap! Quote Link to comment Share on other sites More sharing options...
Freki Posted November 9, 2018 Share Posted November 9, 2018 Quote Link to comment Share on other sites More sharing options...
Dorkins Posted November 10, 2018 Share Posted November 10, 2018 On 09/11/2018 at 08:34, dougless said: ...stupid buyers, they need a slap! Quote Link to comment Share on other sites More sharing options...
Noallegiance Posted November 10, 2018 Share Posted November 10, 2018 1 hour ago, Dorkins said: Quote Link to comment Share on other sites More sharing options...
user not found Posted November 10, 2018 Share Posted November 10, 2018 2 hours ago, Dorkins said: Jeremy's email is in that RICS quote... Just saying.... ? Quote Link to comment Share on other sites More sharing options...
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