Monday, December 13, 2010

Happy Xmas

House prices fall 3% in December

“Against this backdrop, even the estate agents are already predicting a further 5% price drop next year. I fear they are being overoptimistic again, just as their thankless job requires.

Posted by happy mondays @ 11:44 AM (1157 views)
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2 thoughts on “Happy Xmas

  • According to NAEA sellers continue to have unrealistic expectations over the value of their property. These potential sellers are likely to be holding back in the hope of price rises during 2011.
    http://www.mindfulmoney.co.uk/2672/economic-impact/unrealistic-sellers-are-stifling-uk-residential-property-market.html
    Over half of young people in society think they will never be able to own a house – because of extortionate deposits. People aren’t selling in the hope of prices rises and few can afford to buy and are hoping for price decreases – it’s a vicious circle, whichever way the markets go there is going to be huge upset!

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  • House prices have not fallen 3%. Wrong Move’s asking prices have fallen 3% – only another 20% to go!

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