Realistbear Posted March 18, 2008 Share Posted March 18, 2008 (edited) http://www.guardian.co.uk/business/2008/ma...ket.houseprices House prices and mortgage deals down - dire predictions up Miles "hooray Henry" Brignall and Rupert "The Sloane" Jones The Guardian, Tuesday March 18 2008 This article appeared in the Guardian on Tuesday March 18 2008 on p5 of the Top stories section. It was last updated at 00:09 on March 18 2008. For anyone trying to sell a house at the moment, the latest bout of financial gloom from Wall Street could not have come at a worse time. Estate agents across the country were reporting "grim times ahead" yesterday, with buyers "virtually non-existent" in many areas. Prices in some cities have been falling by between 5% and 10% . Only in central London are prices holding firm, but even there the current uncertainly is starting to take its toll. 10% down in some arease eh? Can't disagree with that. And we are just in the first Q of 2008. 20-30% down this year anyone? Edited March 18, 2008 by Realistbear Quote Link to comment Share on other sites More sharing options...
Paddles Posted March 18, 2008 Share Posted March 18, 2008 You're forgetting the "spring bounce", surely? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted March 18, 2008 Author Share Posted March 18, 2008 You're forgetting the "spring bounce", surely? Funny you should mention that: http://www.telegraph.co.uk/property/main.j...raffdrv07053100 .../ "There's been a small but important change in direction," says Richard Donnell, research director at the consultancy Hometrack and an adviser on housing markets to local authorities and government bodies. "After eight months of falling demand, our latest survey saw a clear pick up with an eight per cent increase in buyers. This is a smaller rise than we'd normally see but with interest rates coming down it seems buyers are coming back to the market.../" So what is it? No buyers or more buyers? Is the state of the economy saying to buyers now is a good time to get on the ladder or stay well clear as its about to crash hard? Who do you believe? The experts who say its going up tend to have a vested interest ion the ongoing HPI miracle. Quote Link to comment Share on other sites More sharing options...
King Stromba Posted March 18, 2008 Share Posted March 18, 2008 but but but....low inflation.....low interest rates....low unemployement...miracle economy.....bla bla blahhhhh Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted March 18, 2008 Share Posted March 18, 2008 Miles "hooray Henry" Brignall and Rupert "The Sloane" Jones The Guardian, Tuesday March 18 2008 Quote Link to comment Share on other sites More sharing options...
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