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Realistbear

" Buyers "virtually Non-existent" In Many Areas" Prices Down 10%

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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 by Realistbear

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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.

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  • 296 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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