Monday, July 21, 2008

Brickor Mortis? Try The ‘Kiss of Life’

House prices plunge £18,000 in just two months ... but experts warn worse is to come

The biggest losers are homeowners in the South East. The average asking price there was £316,521 in May, but fell sharply to £298,692, a drop of £17,829 or nearly 6 per cent in two months.

Posted by yoyo1 @ 07:18 AM (1082 views)
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7 thoughts on “Brickor Mortis? Try The ‘Kiss of Life’

  • Mark Wadsworth says:

    I like this bit best

    Rightmove warned anyone thinking of selling to act quickly and put their house on the market for a ‘realistic’ amount, before prices fall even further.

    Seems like Rightmove and The Mail have come over to The Dark Side. It’s only on Plant Daily Express that prices are still going up.

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  • This is the third week in a row this month – after Halifax and Nationwide reports – that greedy sellers will have had their morale knocked by survey findings. And all in the best time of the year to sell…

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  • Sellers have to remember that their houses weren’t worth last years figures, it was simply down to over lax lending by banks, which are now taking it away.

    Funny isn’t it that as soon as houses stop going up in price they stop selling.

    Has anyone seen homeless families yet queing up for houses due to a supply shortage ? No me neither. Looks like we’ve got enough after all.

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  • Something’s just not adding up …. 77 unsold house per estate agent, but we have a shortage of housing ? Do you think people still believe in this shortage ?

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  • angonamo

    I guess they’re not all empty, but over the next 3-5 years I don’t expect a mass influx of foreign workers (more of an outflow I’d say). Also alot of the babyboomers are getting to that age. (admittedly if the husband passes away the wife still needs a home and may stay put) but I think the pressure on housing will ease a little.

    I hope the planning/green belt laws are relaxed a little to make developing a bit easier.

    It amazes me the hipocracy of the older generation that were quite happy to live in a house that was built on a field and yet it’s not ok for our generation to have a new house.

    I suppose they know that given a choice we wouldn’t buy the shoddy rubbish that was built in the seventies.

    It is true though that everywhere I’ve lived saw a alot of new developments in the 70’s and 80’s and in the last 10 years virtually nothing.

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