Monday, July 23, 2007

It looks like a duck it walks like a duck… ohh it’s a wobble!

The Welsh wobble

"Prices are falling in Wales - is it a temporary twitch or a trend the rest of the country will follow? Llandudno is not some isolated property cold spot; the market in much of the rest of Wales is looking decidedly shaky, too." Probably better separating the country politically into regions in order to sustain the house prices. How about annexing Wales to the Euro? So we can blame the currency. Now Wales is part of the same island, isn't it? It is the same overpopulation and high student rate problem... I am confused! What is happening in Wales?

Posted by confused76 @ 09:54 AM (568 views)
Please complete the required fields.



8 thoughts on “It looks like a duck it walks like a duck… ohh it’s a wobble!

  • “The Dutch bank ABN Amro claimed in a recent report that house prices in the UK were overvalued by almost 50% – against 25% in the USA – making Britain “even more vulnerable to a housing crash than America”.

    Yes they did. And they are not some lone vested interest with illusions of grandeur – they make and break themselves based on their forecasts. Wales might be feeling a chilly wind blowing through now, but they haven’t had speculative interests running rampant there. London and the SE have, and those are the folks who will be hit the hardest I feel.

    Keep watching …

    Reply
    Please complete the required fields.



  • sold 2 rent 1 says:

    Paul,

    Have you got a link for this ABM Amro claim?

    50% in real terms by 2016 is my prediction

    Reply
    Please complete the required fields.



  • david20040_0 says:

    “”According to the Land Registry, house prices in Newport fell 1.99% in the period – the biggest drop anywhere in the UK.””

    A 1.99% drop when they have risen by 136% is hardly a lot now is it.

    AND

    “”The latest weakness should also not detract from the fact that prices for the year are up by 9%.””

    That is still more than inflation and more than the highest interest rate offered on a internet savings bank account of 6.3% by ICICI.

    You guys are getting way too ahead of yourselves!

    Reply
    Please complete the required fields.



  • uncle chris says:

    Well it’s a start, but I’ll be holding out for 2016. Of course we have to be careful with the statistics of percentage growth and fall. A crash of 33% in current values should wipe out 50% of previous gains, so I don’t think ABN Amro are claiming that prices will halve. i.e. If average price in 2000 was an index of 100, then 50% rise would take it to 150, thus to get back to 2000 levels would require a 33% reduction.

    Reply
    Please complete the required fields.



  • Disillusioned says:

    “A 1.99% drop when they have risen by 136% is hardly a lot now is it.”

    But why are we seeing a drop at all? House prices only ever go up don’t they?!?!?!

    … or maybe this is the beginning of the downward trend…

    Reply
    Please complete the required fields.



  • david20040_0 says:

    We have seen tiny drops before, even in London and yet they have then gone on to rocket again.

    We need something more substantial than this.

    Reply
    Please complete the required fields.



  • dohousescrashinthewoods says:

    The market is fundamentally out of whack.
    Interest rates are returning to normal,
    so will prices.
    We’re all egging it on but the truth is it will hit the deck in its own sweet time.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>