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Realistbear

R I C S Regional Breakdown Available

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http://www.housefund.co.uk/2006/04/what-su...West%20Midlands

My area:

West Midlands
House
prices slipped back again
in March after stabilising in February. Buyer enquiries are rising at a modest pace, while agreed sales are static. However,
sellers have stepped up the pace of their activity, with more property coming onto the market.
Expectations three moths forward are for sales to pick up, but a
softer trend in house prices is expected to continue
.

For those of you who are familiar with that old, fat and departed US Comedian Jackie Gleason (equivalent to our beloved Bernard Manning), I quote: "How sweet it is."

:D

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Or, there again.

South East
The picture is one of continued strength in house prices which rose at their highest rate in two years and well above their long run average. Rising prices have been supported by increasing buyer enquiries and falling new instructions to sell. Agreed
sales were up again.
Confidence in house price rises three months forward has risen to levels not seen since mid 2002 whilst confidence in sales is well above the long run average.

Time to give up banking on a crash.

Edited by Spring In The Air

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My area:

South West

Momentum in prices continued to build up to the highest rate in over a year and above the long run average. Prices were supported by a combination of continued rising buying enquiries whilst new instructions to sell moderated. Agreed sales stabilised following last month?s moderate decline.

Expectations three months forward are for price growth to increase further whilst sales growth is expected to remain buoyant well above the long run average.

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Guest Winners and Losers

Or, there again.

South East
The picture is one of continued strength in house prices which rose at their highest rate in two years and well above their long run average. Rising prices have been supported by increasing buyer enquiries and falling new instructions to sell. Agreed
sales were up again.
Confidence in house price rises three months forward has risen to levels not seen since mid 2002 whilst confidence in sales is well above the long run average.

Time to give up banking on a crash.

Quiet in the office today is it?? :P

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Quiet in the office today is it?? :P

Average, to be honest. Taken offers on 4 so far this week. Not bad. One of the advantages of having your own minions to do the work is that you can fritter your time away on places like this. What's your excuse?

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This is what Housefund 'claim' RICs said:

Yorkshire and Humberside

House price rises remained tepid for the fourth consecutive month, following more than a year of declines. Agreed sales stabilised in March after two months of firm increases, though buyer enquiries continued to rise.

Surveyor expectations three months ahead remain firm but confidence in the sales outlook has fallen back. On the otherhand, surveyors are expecting price rises to pick-up in the months ahead.

And this is what RICs actually said:

Yorkshire and Humberside

House prices have shown muted gains over the past three months, lagging behind that of other northern

English regions.

Despite the lack of a significant turnaround in house prices, agreed sales and buyer enquiries have showed

firm rise over the past two months. Also, new instructions have slowed.

Confidence in market prospects have improved. Expectations for sales over the next three months rose to the highest ever level recorded for the survey. For prices, confidence reached a near two year high, indicating that the market will heat-up in the months ahead.

Quite different!

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http://www.housefund.co.uk/2006/04/what-su...West%20Midlands

My area:

West Midlands
House
prices slipped back again
in March after stabilising in February. Buyer enquiries are rising at a modest pace, while agreed sales are static. However,
sellers have stepped up the pace of their activity, with more property coming onto the market.
Expectations three moths forward are for sales to pick up, but a
softer trend in house prices is expected to continue
.

For those of you who are familiar with that old, fat and departed US Comedian Jackie Gleason (equivalent to our beloved Bernard Manning), I quote: "How sweet it is."

:D

Assuming you have taken the trouble of reading them all then the overall feel of the report is most areas are steady and there is plenty of activity and some of the tradionally weaker areas are not surprisingly weaker than others. More links to follow I hope.

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Up North things look a bit like the Midlands, not so good.

What the surveyors say: the regional outlook

North

House price rises continued at a moderate pace in March, with rises below its long run average rate. Price rises have been supported by a large rise in buyer enquiries in March. However, at the same time new instructions to sell property also rose at the firmest pace since last summer.

Surveyor expectations for prices three months ahead have turned positive again but they remain below their long run average. Confidence in the sales outlook has risen sharply well above its long run average.

--------------------------------------------------------------------------------

Yorkshire and Humberside

House price rises remained tepid for the fourth consecutive month, following more than a year of declines. Agreed sales stabilised in March after two months of firm increases, though buyer enquiries continued to rise.

Surveyor expectations three months ahead remain firm but confidence in the sales outlook has fallen back. On the otherhand, surveyors are expecting price rises to pick-up in the months ahead.

When I review the Yorkshire newspapers they tell a very different story: "flying off the shelves" spin.

Overall it looks like slowing sales, increasing numbers of houses for sale and tepid pricing. Best news for those awaiting an affordable house is the bit about confidence falling in Yorkshire.

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East Midlands

House prices continued a softer trend, and have fallen for the seventeenth consecutive month. However, the pace of fall has slowed to a very muted pace. Buyer enquiries have virtually stabilised following a volatile 2005. Agreed sales are rising but only very slightly.

The picture of a stabilising market is reflected in surveyors? expectations for house price rises, which are neutral. Moreover, sales are expected to show little change also, with optimism falling back from late last year.

In my neck of the woods.

Fallen for the seventeenth consecutive month, no no no this cannot be!

House prices need to increase to allow people to MEW and spend to keep the economy going, without it

we are stuffed.

Conclusion - we are stuffed.

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RICS Report - pdf

The comments from the surveyors/estate agents at the end of the report are revealing. From the "booming" South East, these are all the comments for my county. I haven't just selected the bearish comments, so you can see, the overall picture at the busiest time of year is not exactly booming.

“Noticed high's and low's in the last

couple of weeks. The lead up to

Easter shows viewing figures are up

and offers are down”

“Shortage of new instructions

putting pressure on prices. Quality

homes selling fast but low valuation

levels suggest quiet Easter holiday

period ahead.”

“Now very much a sellers market if

the price is right, with more

properties a buyer to house/days

rated than weeks/months”

“The market is slowing as Easter appears but

it has been an active 4 weeks. Instructions

still proving to be the missing link between

Buyer and Seller.”

“There is a real shortage of property

coming to the market in the upper

price ranges as vendors want to find

a suitable house to move to before

committing to sell their own.

Hopefully the warmer weather and

Spring market will improve this as

there is a plentiful number of buyers

ready to proceed.”

“The early Spring market has promised to

perform but an early Easter may not be as

good as hoped. Busy days & sales are

sporadic, chain/legal delays frustrating.

Hips will not help let us all object before

too late.”

“Too many new build apartments all

available at the same time is

bringing prices down and oversupply

is affecting the lower priced

properties as well. No enough

tenants, which can get new build for

similar prices.”

“The number of sales remains steady and

reasonable and the stock of available

properties is gradually reducing, with no

discernable movement in achieved prices.”

“Shortage of property in all price

ranges. However, asking prices need

to be competitive to attract serious

interest.”

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http://www.housefund.co.uk/2006/04/what-su...West%20Midlands

My area:

West Midlands
House
prices slipped back again
in March after stabilising in February. Buyer enquiries are rising at a modest pace, while agreed sales are static. However,
sellers have stepped up the pace of their activity, with more property coming onto the market.
Expectations three moths forward are for sales to pick up, but a
softer trend in house prices is expected to continue
.

For those of you who are familiar with that old, fat and departed US Comedian Jackie Gleason (equivalent to our beloved Bernard Manning), I quote: "How sweet it is."

:D

Would imagine Coventry will be imploding soon thanks to Pergeot.

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Would imagine Coventry will be imploding soon thanks to Pergeot.

Why will BTLs stop buying just because no-one has any money to rent from them? House prices always go up, after all: there's no link between prices and wages.

Heck, all the people who got sacked can get jobs as EAs and sell each others' houses.

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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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