Thursday, Oct 08, 2009

Ramping

Introducer Today: London prices on ‘road to recovery’, says Winkworth

I can't find any source Winkworth research. It seems the article refers back to something from August. The commentary from Winkworth employees seems new (well, rephrased versions of short supply etc.). I wonder if Winkworth just lazily issued a press release with some commentary based on nothing new whatsoever?

Posted by ontheotherhand @ 12:56 PM (2192 views)
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3 Comments

1. will said...

So we are back to where we were before the correction began. Usually takes about 15 years from peak to trough and recovery. So what is going on this time? Extremely low interest rates, but it can't last forever, and whilst they remain at the bottom, the BOE have no bullets left in their gun. No one talks about the sub-prime train crash anymore, but it is clearly in slow motion at the moment. We have growing unemployment but where are all the repossessions? The Lenders are delaying the misery for many but at some point they will offload all the bad baggage. Patience. This was never going to be easy.

Thursday, October 8, 2009 01:34PM Report Comment
 

2. James In London said...

Winkworth's drivel of a "news article" is so worthless as to be innocuous to HPC-ers.

Introducer Today is just an internet-based industry periodical. The "About Us" page states: "Introducer today is part of Angels Media, which is an online interactive company. It was set up to develop websites and offer clients within the Mortgage Intermediary market an on-line solution to Advertising and Marketing through the web."

Interestingly, their home page currently leads with a version of the "Fitch warns property values will fall again" article.

I don't think they care whatever they publish so long as they direct traffice to their website and generate revenue through their copious adverts!

Question is... does that make more or less moral than the screaming maniacal tabloids...?

Thursday, October 8, 2009 01:34PM Report Comment
 

3. Karma4all said...

Agreed, there is far too much emphasis on such short-term views. When you read "London is a sought-after location and so demand will always be high", I think of how many parts of London have moved in & out of favour. In my life-time it has mainly been up, Icons such as the once unloved Docklands, but obviously I don't know where any of it is going. It reminds me of an episode of Coast I watched on BBC2 where they showed how in Wales an industrial infrastructure grew & literally disappeared into the landscape once it served its purpose. Of course I would never expect that to happen in London, it's not as if there is any bias to one big industry there.

Thursday, October 8, 2009 02:23PM Report Comment
 

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