Tuesday, November 6, 2007
The builders are getting worried
Bovis forecasts fall in house prices
Bovis said that it expected the average sales price for one of its own homes this year to be down 3% from 2006. That would mean a real price fall of £5,511, which would mark a dramatic reversal for Bovis and the market.
Posted by little professor @ 10:00 AM (975 views)
6 thoughts on “The builders are getting worried”
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
uncle chris says:
….. and this is on top of the massive “incentives” we have seen in the past year. A local Redrow development is advertising a £500 per month “mortgage contribution” for 2 years on top of 5% “deposit paid”. As these are on houses (unsold 12 month old stock) priced around the £160,000 mark, these incentives suggest the reality is a 12.5% fall (£140,000 as opposed to £160,000) in prices. That said, it’s nice to see Bovis breaking ranks from the ‘great house price illusion’ and admitting that prices are falling.
paul says:
“It comes less than a month after Mr Harris told The Times that the housing market was “steady”.”
Take note, David_2004_.
Davros says:
Doesn’t bode well for housing as an investment does it?
Damagesmith says:
Average sales price down 3% – does this actually mean lower the last year though?
denzil says:
Bovis! I thought they made bread.
Watching And Waiting says:
Denzil……………….Bread is going up in price!