Wednesday, February 20, 2008
House prices fall FURTHER
House prices fall 1.57% in January
"During January house price actually recorded a 1.57% fall across the whole market. ... Mr Amlôt believes that February’s further rate cut is unlikely to have any real impact on the weakening housing market."
Posted by doomwatch @ 12:29 PM (1798 views)
15 thoughts on “House prices fall FURTHER”
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hpwatcher says:
Some REAL figures at long last…rather than the VI rubbish from Right Move.
theboltonfury says:
this seems good news. What seems beyond rational explanation to me is the sheer inconsistency of the media in reporting this whole topic. One day it’s all doom and gloom and the next day everyone jumps on the bandwagon of houseprice stability – it literally seems to rotate daily (obviously we discount The Express as this is no longer a relevant media seemingly to anyone) It’s almost as if amongst journo’s there are those that want a crash and then there are those who clearly don’t and they take it turns.
However, this article seems logical and based on figures rather than opinion, speculation or perceived market sentiment
mark wadsworth says:
That seems a tad more credible that Rightmove saying prices were up 3.2%!!
wdbeast says:
I get the feeling that it is very difficult to analyse what the market is doing at the moment as nothing much is selling at all.
How long until the EAs start to go bust.
I don’t know a lot about their costs, but they must be pretty high, it won’t take long to go bust with no income!
theboltonfury says:
if EA’s stopped spending their own money to market properties at the fairytale prices of what the owners think they’re worth and instead marketed them at the price they, the so called professional experts, thought they were worth, hen they may end up having a smaller portfolio but one that is made up houses that they know will sell
they are now reaping what they sow after years of talking up the market. Spoke to one yesterday in Wilmslow who couldn’t tell me fast enough that they were selling tonnes and the market was fine. Really, all the ones I looked at 9-12 months ago are still available!
Orwell says:
Has anyone told Krusy, Fool, Judith and errrr Greenbay?
wdbeast says:
tbf It’s all the footballers moving to Wilsmslow that can’t afford the prices in Alderley Edge and Hale Barns -:)
Pelethar says:
This is a new survey on me. Anyone have any feel as to how it’s calculated etc so we can see what we should be thinking about it?
theboltonfury says:
My next door neighbour is Emile Heskey – really nice guy actually and he really is built like Bruno. We both rent from the same landlord on a farmhouse estate in Ashley, Cheshire. I can assure you his rental property is opulent (at least 5 more bedrooms than me!), but he won’t buy because he sees it as a dead duck right now, even though the guy is clearly seriously wealthy. I have even told him about this site!
My respect for a guy who I always used to berate everytime he pulled on an England shirt trebled when he told me that. Who says all footballers are thick?
tyrellcorporation says:
The thing which always tickles me is that EA costs are inversely proportional to the market performance. The worsening market reduces their turnover AND increases their costs as they have to work harder and spend more on marketing/advertising. He-he 🙂
Expect lots of thrashed and scraped green minis to hit the second hand car market very soon.
Debtfree says:
I believe rightmove was for asking prices, not selling prices.
next time you ask for a pay rise and don’t get it, dont worry, because according to rightmoves media spin logic, you’ll still be earning it….?
hpwatcher says:
Most EA’s are rubbish. They haven’t have much education, don’t need a license, aren’t regulated, don’t have any professional qualifications……and yet we fools have to trust them with thousands & thousands of pounds.
Far worse than the worst 2nd hand car salesmen.
Jardov says:
Just because this survey supports this forums belief (desire) in hpc does not make it any more relevant than any other survey – and to suddenly have respect for Emile Heskey because he supports your view does your case no favours either. A little more objectiveness on this site would be good.
Personally I dont see the case for hpc. Property overvalued? – yes probably, some correction on the way? – again yes probably but outright crash (and at least one person in this forum reckons that up to 90% would not be unrealistic!) – cannot see the evidence.
If this site is about patting each other on the back and whooping everytime something gets written in the press that supports hpc then it’s all a bit meaningless.
Chris B says:
yes some real figures but in a month that the property market is traditionaly flat as a pancake !. I’m not reading to much into these as
I am waiting for the all important April figures. In the meantime tracking my local housing market on a wing circling from above and of
course the Pc anyone seen the word “robust” lately ? .
it_is_going_with_a_bang says:
Shore Up the Market ? Why what is Darling Alistair afraid of? Losing his trousers?
Why on earth should this government do anything to ‘shore up prices’.
I thought they were not there to set the house price agenda?
A much more realistic figure.