Monday, Dec 28, 2009

BBC explains why "slowdown" won't last

BBC: House price increase 'slows down' in December

"Growth in house prices in England and Wales slowed in December, according to property website Hometrack. It said the average cost of a home rose by just 0.1% to £156,900, as the number of house-hunters fell by 2.2%. "

Posted by phdinbubbles @ 09:27 AM (996 views)
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3 Comments

1. a saver said...

This talk of further HPI is so depressing, because there are many people hanging onto second homes in the expectation of bigger profits when they sell. Am so fed up of waiting that I'm quite tempted to jump ship for Spain (buying with swiss francs, not GBP). My bro - who emigrated there 2 years ago when the pound was still high - was saying that people are slashing prices by 100k and still no takers. Maybe it's still too soon, even there, but nice to see a housing market that's getting real without taxpayer funded government interference like ours.

Monday, December 28, 2009 11:16AM Report Comment
 

2. tenant super said...

@ a saver.. I empathise with you. I'm planning to emigrate as soon as I have finished my doctorate. I haven't given up on the crash but it is no longer a dead cert.

Monday, December 28, 2009 01:35PM Report Comment
 

3. a saver said...

Hi ts, just saw a mention of Spain being still 27% overvalued. Guess I'll be renewing my rental lease in Jan.
Good luck with your doctorate, where are you off to?

Monday, December 28, 2009 04:40PM Report Comment
 

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