Tuesday, March 8, 2011
More bear nibbles
UK house prices: falls to come
"Investors in British residential property are naive. They should look beyond the most recent data: the fourth consecutive month of slowing house price falls (according to the Royal Institution of Chartered Surveyors) and values only 5 per cent below pre-crisis peak (LSL Acadametics). The fundamentals still point to a big drop in prices... The effect of higher rates on housing could be significant. The 75 basis point increase expected by the market will raise average mortgage payments 8 per cent to £722 per month, estimates Capital Economics – enough to reduce offering prices"
Posted by mark wadsworth @ 04:08 PM (2451 views)
10 thoughts on “More bear nibbles”
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sibley's b'stard child says:
Luvely jubbly; that’s just what the doctor ordered.
timmy t says:
Mark – why are you posting articles about house prices crashing on housepricecrash.co.uk – didn’t you know this site is about Gold?
mark wadsworth says:
SBC, it’s not much but it’s better than nothing.
TT, spol’s. Maybe you can contact site admin and ask them to remove this?
rantnrave says:
Ah yes – roll up, roll up – time for all those journo hacks out there to tell us that they knew the UK property market was in a bubble all along…
timmy t says:
MW – sorry but what does spol’s mean?
mark wadsworth says:
It means “apol’s” (short for apologies) but then you hit the wrong letter on the keyboard and type “s” instead of “a”.
mark wadsworth says:
It means “apol’s” (short for apologies) but then you hit the wrong letter on the keyboard and type “s” instead of “a”.
hpwatcher says:
not seeing many drops in london.
dill says:
@8
You won’t yet. Soon.
markj69 str05 says:
Seeing the odd reduction in Cambs, but not by much – They’re still well over priced. Mostly very static though. Still think we’re going to trundle along as is, unless we have a catalyst of some sort (Given up on IR increases!). Any other suggestions for Catalyst?
-Unemployment
-Unease leading to mass protests