Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Savills: London Property Down 7.5% In First H

Recommended Posts

http://uk.biz.yahoo.com/080708/214/i2whn.html

Tuesday July 8, 08:01 AM
Savills says hard to predict year result
| | |
LONDON (ShareCast) - Estate agent Savills (LSE: SVS.L - news) says deteriorating trading conditions in the property market makes it "very (Advertisement)
difficult" to predict the outcome for the full year.
It warned that trading conditions for its UK and US commercial capital markets businesses and UK residential and mortgage broking units continued to worsen in the first half.
Volumes dropped significantly on last year during the six months to 30 June, while the number of transactions is also falling in many parts of Europe as financing becomes more difficult to obtain.
Transaction volumes in London are around 45% lower year on year, with
prices being adjusted downwards by some 7.5% in central London
during the period.

Hard to predict? Or, hard to admit that the biggest crash in economic history is underway? London will be the epicentre IMO.

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...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 396 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%



×
×
  • 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.