Saturday, May 17, 2008

Endless ramping

New hope for end to slump

THE country began its recovery from the credit crunch last night as the economy showed the first significant signs of improving. here was further welcome news for the housing market, a day after the Daily Express revealed that major lenders were finally beginning to cut their loan rates. Figures to be released on Monday are likely to show that the average asking price for new properties increased by 1.2 per cent last month, up by £2,879 to a new record of £242,500. One estate agent is so confident the housing market will bounce back he has offered to refund buyers if their home falls in value.

Posted by little professor @ 12:44 AM (1923 views)
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19 thoughts on “Endless ramping

  • little professor says:

    And yesterday’s front page:

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  • “ONE estate agent is so confident the housing market will bounce back he has offered to refund buyers if their home falls in value.”

    Ha ha ha ha. Surely this is the comedy supplement? I could go on but I can’t be bothered to make an intelligent analysis of unintelligent material written by an imbecile.

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  • gone-to-colombia says:

    Hardly worth even thinking about this.
    Sady, just more reason why foolish home owners should hang on in hopes of a return to rising prices.
    What must happen, is happening and will continue to happen is a sharp fall in house prices, down to affordable levels.

    What is being talked about are asking prices, who cares about that.

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  • Not often I comment. Here goes.

    Anyway, someone should investigate the senoir staff and editors at the express, i bet they own loads of BTL properties!!

    Anyhoo, ta da! Enjoy your weekends!

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  • Don’t let me forget that MR Russell Quirke.

    What a star! Tell you what, lets ask him how big his property portfolio is!? The guy is a fool! Seriously he is literally more fuel to the fire!

    Daily Express; I hope you honour this; have an interview with Mr Russell Quirke in a couple of years!

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  • Stupid_boy_pike says:

    Do what I did. Email their news desk and point out (politely) that they print b*ll*cks

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  • The Express always comes out with a positive headline after a week of otherwise terrible headlines for home owners.

    Loads of them will buy this paper because it will give them a feel good factor. Housing in this country is pretty doomed.

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  • Dreadful, there’s no picture of Princess Diana on the front page.

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  • japanese uncle says:

    It should certainly ‘Hooray cheaper house prices!’

    Anyway given this quality, this tabloid is an Express Bound for Hell !!

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  • Wonder why the Express has banned readers comments on this story…?

    Might as well prepare ourselves for Greenbay’s ‘told you so’ return on Monday if the Rightmove asking prices increase is confirmed…

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  • How many more times will this “newspaper” spew out such utter nonsense ? I mean it’s pretty low on credibility without splattering its front page with this VI propaganda.

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  • Yeah – looks like the RICs figures for May are showing positive growth though. Damn – those pesky homeonwers are still thinking they can charge stupid prices and get them. I wonder if there are a lot of new properties hitting the market this month as a result of the changes to Capital Gains Tax. I suspect owners of ‘investment properties’ will try to fly a kite in terms of pricing when they put them on the market…..

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  • The “asking price” for new builds can always be manipulated to go up. All you need to do is adjust the figure for the amount of feebies given away with the property like:

    Free 15% deposit
    Free mortgage payments for the first 2 months
    Etc.
    Etc

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  • The paper for literate sheep?

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  • Cstanhope707 says:

    I have added a comment on the Express Website for this article. But to be fair they are very good at putting up opposing comments in fact I don’t know any other Newspaper that allows people to attack it. Don’t get me wrong I am not defending what they say but they do allow criticisim.

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  • Scroll down to the bottom of the Links page and read the “have your say”

    NEW EXPRESS HOUSE PRICE PROPOGANDA ARTICLE
    17.05.08, 10:50am

    Since the Property Sector is currently being propped up by the Taxpayer what about a good large windfall tax for the Estate Agents.
    So guys how about the hundreds of Estate Agents that are closing down. My hope is that they close down and don’t have enough money to pay redundancy to the Estate Agents then they will know what it is like to be sticked up..
    Hope thousands of them loose everything they are no different to the scroungers on welfare…Quick question has the average Express reader passed basic GSE level…

    • Posted by: Charles • Report Comment

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  • Who was it who described the Express as being ‘reliably deluded’ ?

    – more proof if any were needed..!

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  • voiceofreason says:

    This is antagonistic journalism at it’s best.
    Newpapers “trolling” the public to get noticed.

    Ignore it.

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