neon tetra Posted June 17, 2019 Share Posted June 17, 2019 “Price of property coming to market within a whisker of new record” https://www.rightmove.co.uk/news/house-price-index/ Another way of saying “still below their peak” or, in fact, “down YoY” (by 0.02%). Quote Link to comment Share on other sites More sharing options...
Burbujista Posted June 17, 2019 Share Posted June 17, 2019 2 minutes ago, neon tetra said: “Price of property coming to market within a whisker of new record” https://www.rightmove.co.uk/news/house-price-index/ Another way of saying “still below their peak” or, in fact, “down YoY” (by 0.02%). Check the stadistics about the South of England... Quote Link to comment Share on other sites More sharing options...
rantnrave Posted June 17, 2019 Share Posted June 17, 2019 41 minutes ago, Burbujista said: Check the stadistics about the South of England... I did. Not sure what was there that is worth drawing attention to though? Quote Link to comment Share on other sites More sharing options...
Smiley George Posted June 17, 2019 Share Posted June 17, 2019 Got to love their optimism. Another way to spin it could be - house prices fall in most areas OR London house prices display significant losses. Before anyone says anything - i know this is asking prices Quote Link to comment Share on other sites More sharing options...
ftb_fml Posted June 17, 2019 Share Posted June 17, 2019 Quote Sales agreed for the year so far holding up better in the northern regions, down by only 1.7% year-on-year, compared to 7.1% in the south indicating some hesitancy to engage in the market A 7.1% fall indicates "some hesitancy" ? They're dismissing the very legit metric of actual sales volumes; which has fallen nationally and plummeted in the south, while continuing to trumpet that their own fantasy index of artificially-inflated asking prices still shows growth.. Will be interesting to see how this one pans out! Quote Link to comment Share on other sites More sharing options...
Dorkins Posted June 17, 2019 Share Posted June 17, 2019 So the asking price of a bog average house south of the Severn-Wash line is £300-£500k. Should be about a quarter of that given where wages are. When the crash comes it is going to be very, very deep. Quote Link to comment Share on other sites More sharing options...
Smiley George Posted June 17, 2019 Share Posted June 17, 2019 1 hour ago, ftb_fml said: A 7.1% fall indicates "some hesitancy" ? They're dismissing the very legit metric of actual sales volumes; which has fallen nationally and plummeted in the south, while continuing to trumpet that their own fantasy index of artificially-inflated asking prices still shows growth.. Will be interesting to see how this one pans out! Indeed. With ridiculously low inventory and low sales volumes this should be a sellers market (scarce commodity/resource). Given prices are rolling over in this situation, as soon as a few forced sellers start to rear up, things will only gather pace and in only one direction - down. The clever bastards near me holding off selling because of EA's and the VI's perpetuation of the "Brexit Uncertainty" bull, will find to their cost when they all stick their homes on the market at the same time. I know of at least 2 down the pub, holding off selling while riding out this "lull" - as soon as Brexit is done they're going to take advantage of the Brexit boost and sell up....ok so a sudden influx of properties will drive prices up, ok....yes I see. Quote Link to comment Share on other sites More sharing options...
Burbujista Posted June 17, 2019 Share Posted June 17, 2019 1 hour ago, ftb_fml said: A 7.1% fall indicates "some hesitancy" ? They're dismissing the very legit metric of actual sales volumes; which has fallen nationally and plummeted in the south, while continuing to trumpet that their own fantasy index of artificially-inflated asking prices still shows growth.. Will be interesting to see how this one pans out! Their measure doesn’t even show growth, as we are still below June 2018 asking prices. Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted June 18, 2019 Share Posted June 18, 2019 the amount of property coming to the market around me (SW london) is tiny. 2 years ago i used to get zoopla updates each day with 2-3 in my search. i get around 2 emails a month now for the last year same dross been on the market for close to a year. no price reductions, not giving it away Quote Link to comment Share on other sites More sharing options...
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