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CrashedOutAndBurned

Volumes: Why Doesn't This Matter In The Vi World?

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I was checking out some postcode sectors on the land Registry site. The last quarter of 2005 must have been horrible for sellers and EAs, with far fewer properties selling. Yet the VIs only talk about average prices.

Imagine a shop if sales fell 40-50%? Would the shop say all was fine because average spend per customer was the same? They'd be cutting prices like crazy.

Does anyone think people will just 'hold' their dumb price for years or forever? Does anyone think we'll see houses on the market for longer and longer periods - years without selling, people just trying to move forever? Dopes anyone think EAs can survive if volumes fall still further and they have no income at all?

Why is the headline never 'House sales tumble?'

2005

WD18 0 23

WD18 6 19

WD18 7 48

2004

WD18 0 45

WD18 6 20

WD18 7 85

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Sorry - rubbish cut'n'paste.

2005

Postcode-------- No of sales

WD18 0--------------3

WD18 6--------------19

WD18 7--------------48

2004

WD18 0--------------45

WD18 6--------------20

WD18 7--------------85

ie. loads less sales in 2005. A slump.

Edited by CrashedOutAndBurned

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OK thanks; you only have to walk past any EA to see it. They probably can live off the fat of the last few years for a while. I noticed loads of EA's opened up extra shops over the last few years in GTR MCR. Seeing them close again will be fun.

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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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