doomwatch Report post Posted May 15, 2006 No massive spring bounce, more dead cat splat by the looks of it, apart from the City Bonus blip in London. I predict it will be negative again come July. http://www.odpm.gov.uk/staging/index.asp?i...ssNoticeID=2151 Quote Share this post Link to post Share on other sites
BillyShears Report post Posted May 15, 2006 No massive spring bounce, more dead cat splat by the looks of it, apart from the City Bonus blip in London. I predict it will be negative again come July. http://www.odpm.gov.uk/staging/index.asp?i...ssNoticeID=2151 I'm not sure that the figures match up. In the ODPM figures I downloaded from the BBC a week or so ago, Greater London was well down the list. The overall positive figure was mainly through mad HPI in places like the Welsh valleys and similar. I don't see why people try to say that rising prices are limited to London. Billy Shears Quote Share this post Link to post Share on other sites
warwickbloke Report post Posted May 15, 2006 No massive spring bounce, more dead cat splat by the looks of it, apart from the City Bonus blip in London. I predict it will be negative again come July. http://www.odpm.gov.uk/staging/index.asp?i...ssNoticeID=2151 People will pay what they think a house is worth. What a house is worth is influenced by the media. Once all the papers agree that houses are overpriced, people will stop buying. House prices will then drop because desperate people will HAVE to sell for..... whatever reason. People will start to buy again when papers report that house prices are now bargains. Are we really so easily manipulated? Yes! Quote Share this post Link to post Share on other sites
FrozenOut Report post Posted May 15, 2006 People will pay what they think a house is worth. What a house is worth is influenced by the media. Once all the papers agree that houses are overpriced, people will stop buying. House prices will then drop because desperate people will HAVE to sell for..... whatever reason. People will start to buy again when papers report that house prices are now bargains. Are we really so easily manipulated? Yes! I can't wait for the rate rise, that will 10 G negative brake on the house market. Quote Share this post Link to post Share on other sites
apom Report post Posted May 15, 2006 People will pay what they think a house is worth. What a house is worth is influenced by the media. Once all the papers agree that houses are overpriced, people will stop buying. House prices will then drop because desperate people will HAVE to sell for..... whatever reason. People will start to buy again when papers report that house prices are now bargains. Are we really so easily manipulated? Yes! Spot on... At the moment the government need to rise interest rates, suddenly their figures need to show inflation.. housing inflation.. Trust me, the market has not changed from two months ago.. and perception...? all it is.. The BBC sold us a £60,000 house this morning as a breakthrough.. A bull came in laughing as his brother is a builder... reckoned you could sling up a three bed detached for that out of Brick... and if it was a new estate (production line, big bulk reducing cost...) about half that. All smoke and mirrors.. A wooden home for £60,000... bless them Quote Share this post Link to post Share on other sites
