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eric pebble

The Property Market is at its weakest says The Guardian & RICS

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UK property market at its weakest for six years, says Rics

Surveyors body expects prices to fall in the south and south-east over next three months

https://www.theguardian.com/business/2018/nov/08/uk-property-market-at-its-weakest-for-six-years-says-rics

 

Should we change "three months" to "three decades"?

 

I can't see any Comments section -- the VI Guardiarse is NOT going to let people give their views on the insane & utterly stupid & unsustainable "property market" of today...

Edited by eric pebble

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“the weakest reading since September 2012”

Was this a particularly note-worthy time?  If it's the weakest since some part of the boom then that's hardly news.  If it was the weakest since 2008 then that would definitely be more interesting.

I've always thought the RICS survey was an odd-ball.  It's a survey of sentiment that is itself based on sentiment.  Surveyors don't base their valuations on anything tangible, just on previous selling prices adjusted by what the likes of RICS report.  Perhaps they should survey what people think the RICS survey will report, just to make it even more detached from reality.

I'd be interested to know how the RICS surveys equate to reality over the years - my guess is that it lags rather than leads, with a large helping of randomness.

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2012 was a period where the market was pretty much steady and flat, when my wife and I decided moving in with her parents and saving would be a better move than buying. That went well.

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15 minutes ago, btd1981 said:

2012 was a period where the market was pretty much steady and flat, when my wife and I decided moving in with her parents and saving would be a better move than buying. That went well.

is her mum fit? pics or stfu

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29 minutes ago, Tes Tickle said:

“the weakest reading since September 2012”

Was this a particularly note-worthy time?  If it's the weakest since some part of the boom then that's hardly news.  If it was the weakest since 2008 then that would definitely be more interesting.

I've always thought the RICS survey was an odd-ball.  It's a survey of sentiment that is itself based on sentiment.  Surveyors don't base their valuations on anything tangible, just on previous selling prices adjusted by what the likes of RICS report.  Perhaps they should survey what people think the RICS survey will report, just to make it even more detached from reality.

I'd be interested to know how the RICS surveys equate to reality over the years - my guess is that it lags rather than leads, with a large helping of randomness.

a dream within a dream within a dream... like inception

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Having been an observer for many years, I consider the RICS survey to be the best forward looking report, LR is the best backward looking. Reports inbetween are just paff.

 

If Rice say we're going down, we're going down.. (in my view) 

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  • 246 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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