Jump to content
House Price Crash Forum
OzzMosiz

London Rightmove House Prices Fall Most Since 2004

Recommended Posts

London house prices fell the most since 2004 this month after five interest rate increases in a year and turmoil in financial markets sapped buyers' confidence, according to a Rightmove Plc report.
We've reached the peak of the current boom,'' Miles Shipside, commercial director of Rightmove, said in an interview. ``Affordability is stretched, and people are concerned about global financial markets and their ability to take on greater commitments.''
The release, which was originally scheduled for Sept. 17, appeared on another housing Web site today.

was it here?

high relative to earnings'' and that continued price increases couldn't be guaranteed.

http://www.bloomberg.com/apps/news?pid=206...lM&refer=uk

Share this post


Link to post
Share on other sites
They get political and leak a report.

Their share prices gets whacked and so did the pound.

http://www.hemscott.com/news/latest-news/i...=50047106570224

Paragon Mortgages which lends heavily to BTL muppets got whacked today too but didn't get much coverage as its not as big as NR, at one point their shares were down 26% but limped back to down -17%. Its safe to assume now that BTL at current house prices is over, as our US cousins would say, stick a fork in its ar$e and turn it over its done.

Edited by Jimmy2Times

Share this post


Link to post
Share on other sites
as our US cousins would say, stick a fork in its ar$e and turn it over its done.

I also like the US parlance of "So put a quarter in your ass cause you played yourself". Very apt. Thank you, Beasties.

Share this post


Link to post
Share on other sites
This is Rightmove reporting, so these are asking prices, not transaction prices.

This is true, but its good enough when its increasing for the media to use it.

Now its gone down (by a HUGE amount), it's ignored!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.