Wednesday, January 16, 2008

UK house price decline worst since 1990s slump

Times

New figures suggest the housing downturn is gathering pace as unsold properties build up and surveyors' confidence falls

Posted by aqp @ 02:38 PM (607 views)
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2 thoughts on “UK house price decline worst since 1990s slump

  • You know the market is going down when Estate Agents write mailshots to their databases telling them “The outlook in our opinion is not bleak and whilst we predict lower transaction levels, we are equally forecasting growth in house prices” (Savills) and from another agent (Ashington Page, Beaconsfield) a leaflet entitled “Selling you home in a cooling market” which contains advice about looking at the development potential of your property. Presumably to try and tell your buyer that the house is worth more than what it is due to what it might be. Lucky mailshot people can call the 0845 line and get their free “reports” mailed to them. It would save a lot of direct mail of chlorinated paper to simply say “we need more business” and stick it on the websites – which of course are curiously silent about the advice. Desparate times need desparate measures.

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  • It’s a beautiful feeling being right all along.

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