Friday, Jul 07, 2006

Redrow slash prices in order to achieve similar levels of sales

Firstrung: House builder Redrow drops selling prices by 11,400 in the past year

Not a headline we'll see in the Daily Mail over the weekend =;)

Posted by Converted Lurker @ 10:38 AM (777 views)
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2 Comments

1. sebastian said...

Seems to be a nice flood of news at the minute. We had this a few months back and then came the 'Mini-boom', I am not getting my hopes up this time...

Friday, July 7, 2006 11:05AM Report Comment
 

2. inbreda said...

I think there is every reason to get your hopes up. For years prices went up, up, up and only up.

Then there was a period where they weren't going up (to you and me this is 'the top')

There was a period of choppiness (to VIs this is a mini boom)

And now we see prices starting to fall (to the VIs this will mean amazing gains in affordability heralding a return to the market of a flood of FTBs and predictions that prices will quadruple in the following 2 weeks)

Really - look at the graph on the left and circle the mini-boom. Not exactly worth writing home about is it?

Friday, July 7, 2006 06:50PM Report Comment
 

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