eric pebble Posted November 8, 2018 Share Posted November 8, 2018 (edited) 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 November 8, 2018 by eric pebble Quote Link to comment Share on other sites More sharing options...
nightowl Posted November 8, 2018 Share Posted November 8, 2018 https://uk.reuters.com/article/uk-britain-houseprices-rics/uk-house-price-indicator-drops-to-six-year-low-rics-idUKKCN1ND00L Similar report here too Quote Link to comment Share on other sites More sharing options...
Tes Tickle Posted November 8, 2018 Share Posted November 8, 2018 “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. Quote Link to comment Share on other sites More sharing options...
btd1981 Posted November 8, 2018 Share Posted November 8, 2018 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. Quote Link to comment Share on other sites More sharing options...
thewig Posted November 8, 2018 Share Posted November 8, 2018 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 Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted November 8, 2018 Share Posted November 8, 2018 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 Quote Link to comment Share on other sites More sharing options...
No One Posted November 8, 2018 Share Posted November 8, 2018 3 minutes ago, hurlerontheditch said: a dream within a dream within a dream... like inception Quote Link to comment Share on other sites More sharing options...
highcontrast Posted November 8, 2018 Share Posted November 8, 2018 1 hour ago, thewig said: is her mum fit? pics or stfu ?? NFOMCL (nearly fell off my chair laughing) (p.s. still no pics?) Quote Link to comment Share on other sites More sharing options...
Beaker Posted November 8, 2018 Share Posted November 8, 2018 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) Quote Link to comment Share on other sites More sharing options...
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