Thursday, February 21, 2008

Stupid EA led article

Slump won't hit city says estate agent

Summary of Article; Journalist; Will property go up forever and ever? EA; Of course it will. Some papers are scraping the bottom to keep the bubble inflated

Posted by geed @ 04:06 PM (762 views)
Please complete the required fields.



4 thoughts on “Stupid EA led article

  • geed,

    Generally speaking, I agree that the Scottish property market will not be somehow miraculously immune from the credit crunch and economic problems we are facing in the future. That said, however, if you look at the top four entries in the “House Price Predictions” table on this website’s home page, you will see that they are all between 3% to 7% up in 2008 and they are all predictions about the Scottish market. Conventional wisdom, as I understand it, is that property price changes in London tend to ripple out to the rest of the country and Scotland tends to be the last to gain and last to decline as well i.e. the Scottish market lags a bit.

    Basically, I suggest you steel yourself for the possibility that you will still be listening to smug property bulls by Christmas. I understand that is not what you wanted to hear but on the other hand you should be able to get a nice property at a sensible price in one of the nicest cities in Europe … in a short while.

    Reply
    Please complete the required fields.



  • Youhomelessmugs says:

    keep dreaming

    Reply
    Please complete the required fields.



  • ”you will still be listening to smug property bulls by Christmas”

    I can’t see them ever shutting up. They will always find ways to try and sell what’s going on. It’s been so good for them for so long…well, now things are [finally] changing.

    Reply
    Please complete the required fields.



  • I don’t get the idea that price drops ripple out from London in a credit crunch – banks lend to everyone and if they aren’t lending the money, people can’t pay the prices – simple. Those cities with prices most stretched in comparision to wages will be hit first – I would imagine that’s the regional capitals. Certainly Belfast is heading down the slide and fast.

    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>