Thursday, January 31, 2008

House prices over a three-month period down by 0.3pc, vs previous three months (that is 2% in real terms!)

House prices drop again as slowdown deepens

"On a brighter note Mr Gahbauer said that while much has been made of a potential collapse in the buy-to-let market, as mortgage repayments rise more steeply than rental rates, those investors with a horizon of more than five years should still expect reasonable after-tax returns" The future is bright, the future is orange (if you can stay solvent)

Posted by confused76 @ 09:45 AM (302 views)
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4 thoughts on “House prices over a three-month period down by 0.3pc, vs previous three months (that is 2% in real terms!)

  • 0.1% is very, very dissapointing, especially at such a quiet time of year.

    I still think there is a great determination on sellers to get their price, and still too many buyers daft enopugh to pay them.

    Still, I fear, a long way to go to be sure of a House Price Crash.

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  • @confused76 ”hpcwatch… don t panic: it IS a great glorious bright day for HPC!”

    Fingers crossed!

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  • There is certainly not too many buyers – they’re practically non-existent according to most of the lenders’ measures.

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  • These things don’t happen quickly. What nonsense about a reasonable return over 5 years. Not if prices continue to fall. Expect continuing rubbish from the VIs.

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