kingofnowhere Posted May 16, 2006 Share Posted May 16, 2006 Lots of information about types of properties that are performing better, and historical graphs to put it all in context http://www.rics.org/NR/rdonlyres/AD036E1F-.../0/hms_0406.pdf Quote Link to comment Share on other sites More sharing options...
Realistbear Posted May 16, 2006 Share Posted May 16, 2006 Getting past the usual fluff (more people interested etc.) they claim more expensive houses are rising. All I see around here is the opposite with detached dropping 8.2% last Q according to the Government data. If RICS reported these falls and perhaps the latest data from Scotland showing falls of up to 10% in some areas their reports might have some credibility. But then, they are EAs and they would naturally want to show house prices always go up. Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted May 16, 2006 Share Posted May 16, 2006 Lots of information about types of properties that are performing better, and historical graphs to put it all in context http://www.rics.org/NR/rdonlyres/AD036E1F-.../0/hms_0406.pdf Why do you never report anything negative? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted May 16, 2006 Share Posted May 16, 2006 Last Q's figures from the LR: Stratford-On-Avon £328,827 -8.2% -8.8% 162 Warwick £321,358 -7.4% -7.0% 129 North Warwickshire £264,202 -3.4% -8.9% 55 Rugby £261,763 -6.7% -8.3% 118 Nuneaton And Bedworth £211,720 6.4% 3.5% 87 RICS should at least have included areas where houses were not up 6 months in a row. We are awash in red ink here in the West Midlands, absolutley awash in it. Quote Link to comment Share on other sites More sharing options...
kingofnowhere Posted May 16, 2006 Author Share Posted May 16, 2006 Why do you never report anything negative? I report what out there, and as I do not make up the news/numbers then I'm hostage to the market. If the market is moving in a positive direction that is what you will get. Sorry I'm not going to start making news up, or putting unrealistic negative spin on something. Quote Link to comment Share on other sites More sharing options...
Lou G Posted May 16, 2006 Share Posted May 16, 2006 This is what I am seeing in my neck of the woods. Houses £350k / £450k / £700k are all selling quite quickly!! I am not sure why the higher end is shifting much more quickly than over the past few years, you would have thought that with reduced FTB there would not be enough people to move up the ladder. Maybe its people who are already on the ladder renting out their own houses to buy another, which I have witnessed and people moving and getting even bigger mortgages again which I have friends doing.! I think the public believe house prices are going to keep going up forever.! Quote Link to comment Share on other sites More sharing options...
non-FTBer Posted May 16, 2006 Share Posted May 16, 2006 Worth adding your own ink to the graphs to see whats going on. Price change England and Wales: House Prices: House Prices (South West): Can you see where they're going? Quote Link to comment Share on other sites More sharing options...
jp1 Posted May 16, 2006 Share Posted May 16, 2006 Interesting to see this hidden away on pg 4. New Instructions in the RICS report. Rising unemployment has placed some pressure on the finances of households, and has contributed to an increase in the number of forced sellers of property Quote Link to comment Share on other sites More sharing options...
VacantPossession Posted May 18, 2006 Share Posted May 18, 2006 Interesting to see this hidden away on pg 4. New Instructions in the RICS report. Said this before, but just a reminder: nothing that RICS says should ever be trusted...... 1. RICS surveyors take backhanders to inflate new builds in league with developers. 2. RICS is "self regulating" (ie: there is NO regulation) 3. RICS has an absolute vested interest in rising market. 4. RICS is a club for corrupt surveyors (see point 1) 5. See RICS's own website, and examine their "portfiolio" of business interests for ample evidence that this organisation could not possibly be "independant". VP Quote Link to comment Share on other sites More sharing options...
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