Monday, May 23, 2011

First it was snow, and now its the sun! Blame ANYTHING but don’t accept they’re crashing!

Housing Slump? Blame the Weather

The housing market is bracing itself for more price falls after an unexpected slump in sales this spring thanks to economic uncertainty, prolonged good weather and the glut of Bank Holidays. Miles Shipside, commercial director of Britain's largest property website Rightmove, says the "distraction" of successive long weekends, the holiday atmosphere surrounding the royal wedding plus good weather across much of the country, have sharply cut demand.

Posted by matt @ 04:12 PM (1436 views)
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5 thoughts on “First it was snow, and now its the sun! Blame ANYTHING but don’t accept they’re crashing!

  • mark wadsworth says:

    How long until “Andy Murray’s winning streak at Wimbledon” is cited in evidence?

    They’ve got to plan their excuses ahead for another ten months or so until “Buyers stay at home as Olympics fever sweeps nation”.

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  • Spicey Hotdog says:

    Theres me thinking that good weather and public holidays had a big positive impact on house sales.

    Just wonder what Miles would have come up with if the weather was awful and there were fewer publiuc holidays,

    I know he would probably say

    ‘Its been a fantastic period of house price growth thanks largely to the constant bad weather, heavy rain, and severe gails and having fewer holidays has meant more woud be home owners where able to take advantage of the bad weather conditions and regional flooding to stay home in the warm and buy homes over the Internet”

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  • letthemfall says:

    I detect the aroma of freshly baked bullsh!t being used to sell houses.

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  • “Martin Ellis, housing economist at the Lloyds Banking Group and author of the monthly Halifax house price index warns that “the underlying trend in house prices continues to be one of modest decline”.

    Houses will crash if IRs go back to “normal”. Even a 1% increase will cause mayhem. I think it would be responsible to prepare the UK by putting up rates by 0.5% next month (echoing the departed Dr Andrew Sentance).

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  • Let’s prepare the summer headlines for them:
    “Icelandic volcano ash prevents wealthy Russian buyers from flying their private jets to London, causing temporary market dip”
    “Box office success of Pirates of the Caribbean 4 keeps buyers out of the housing market”
    “Britons flock to the beach in scorching weather, causing fewer visits to estate agents”
    “Britons rush abroad to escape wet weather, causing fewer visits to estate agents”
    “Glastonbury / Reading / Leeds festivals attract record numbers, causing fewer visits to estate agents”

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