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I Told You So

How Long Until The Media Catch On

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The last couple of weeks have seen no end of bearish property stories from Aus and the US yet here in good old blighty the most negative mainstream news may stretch to "house price growth to slow later in the year".

Its so obvious whats coming here as soon as rates climb again and yet no one will stick there neck out.

Money Week is the exception.

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The last couple of weeks have seen no end of bearish property stories from Aus and the US yet here in good old blighty the most negative mainstream news may stretch to "house price growth to slow later in the year".

Its so obvious whats coming here as soon as rates climb again and yet no one will stick there neck out.

Money Week is the exception.

When UK? - Never! Gordon said no boom and bust :lol::lol:

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Guest Shedfish

yeh, BBC 24 today has been a little evasive to say the least. considering the unabashed bearishness across the pond...

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The last couple of weeks have seen no end of bearish property stories from Aus and the US yet here in good old blighty the most negative mainstream news may stretch to "house price growth to slow later in the year".

Its so obvious whats coming here as soon as rates climb again and yet no one will stick there neck out.

Money Week is the exception.

Probably when there's a consistent message:

http://www.smh.com.au/news/business/house-...6012654484.html

Haven't seen hide nor hair of this story from some of the hyper-posters on the board... funny that

BTW, thanks, Mods, for not letting me start a topic with this link.

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Probably when there's a consistent message:

http://www.smh.com.au/news/business/house-...6012654484.html

Haven't seen hide nor hair of this story from some of the hyper-posters on the board... funny that

BTW, thanks, Mods, for not letting me start a topic with this link.

Without taking sides, that report is dated recently but seems to be discussing data from June.

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That was an interesting link. It's important we see the whole picture. Is Perth nice? Nice parts of UK are hanging on like grim death. eg Malvern, Worcs. Always people with money to buy where there aren't that many chavs. Money buys you safety.

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Around here after a very busy 6 or 7 months things have suddenly gone quiet just in the last 2 or 3 weeks

We're still in the throes of the holiday season . . . Anyone with ANY experience or knowledge of the property market would know that !

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We're still in the throes of the holiday season . . . Anyone with ANY experience or knowledge of the property market would know that !

Gotta agree. If the bear news continues consistantly then were onto something!

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That was an interesting link. It's important we see the whole picture. Is Perth nice? Nice parts of UK are hanging on like grim death. eg Malvern, Worcs. Always people with money to buy where there aren't that many chavs. Money buys you safety.

It's lovely but isolated and, if rumour is true, only has water for the next 10 years.

Without taking sides, that report is dated recently but seems to be discussing data from June.

This is the official (as it gets... which might not be very) govt figures analogous to the ODPM (or whatever it is) these days, hence the lag. The other figures are more like Rightmove et al.

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That was an interesting link. It's important we see the whole picture. Is Perth nice? Nice parts of UK are hanging on like grim death. eg Malvern, Worcs. Always people with money to buy where there aren't that many chavs. Money buys you safety.

Western Australia is going through a huge mining boom, hence Perth is benefiting from this. There is a very high skilled shortage in the mining industry. Virtualy the mining boom and flood of raw materials is keeping the Australian economy going along quite nicely.

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I think soon rest of Australia will follow this:

http://www.smh.com.au/articles/2006/08/20/1156012414995.html

as slowing world economy will not need so much commodities soon.

I believe both West and South West parts of Sydney property has dropped significantly. This was the area of the cheaper part of the property market and in relation London, similar to East and South East London in demographics but without the high rise blocks. These are the areas where people overstretched themselves more high loans % to earnings and where the high mortgagee sales are occuring.

This justs shows you a property that you thought was worth 450 K one minute is now worth 280 K. Property is only worth what someone is willing to pay. With mortgagee sales this is where property plummets overnight like in the early 90s in the UK . I won't be surprised to see property drop 100K pounds in the UK in a day through some mortgagee sales it then devalues the whole area. Boom time = Desperate Buyers Bust time = Desperate Sellers.

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Estate agents expect record Bank Holiday

By Laurie Osborne, Editor

Published 25th Aug 2006, (a Friday) at 09:00AM

August bank holiday is set to be a bumper weekend for home sellers and buyers, with the number of sales transactions leaping 20% this month, according to haart estate agents.

haart said a shortage of housing stock, particularly family homes, is contributing to the surge of activity.

Parents are also rushing to secure homes in good catchment areas in time for school application deadlines, said haart.

Paul Smith, chief executive, said: "August is commonly very quiet but we have seen this trend reversed this year. June and July were quieter, with the summer heat wave and the World Cup distracting buyers and sellers from entering the housing market.

However, the seasonal summer lull came to an abrupt end in August. With properties selling in good numbers already this month, we are expecting an incredibly busy weekend this bank holiday, with total sales transactions reaching a record high for August. Transaction levels are already up 35% on this time last year and we see this boost in activity as the start of what we predict will be a very busy autumn."

TOO FECKING LONG.

Shall we see if this rings true?

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The minutes of the BOE committee strongly suggest that any chance of further rate rises has dissapateed, suggesting it was a one off precautionary move. Buyer confidence remains strong , there was just a 2% drop in the number of loan applications fromQ1 to Q2.

Even though both major indeces, Nationwide and Halifax, knew or were expecting the MPC to raise rates, they have still revised upwards their forecasts for 2006 growth from 3 to 5 % , which underlies the confidence in the market and actually a better outlook than was predicted in 2005. So there!

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  • 302 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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