Thursday, April 19, 2018

Will a Mexican stand off stand or deliver ?

London house prices fall for first time since 2009 recession

Nick Leeming, chairman of agents Jackson-Stops, said London vendors and buyers had been engaged in a stand off last year but now “sellers are becoming fed up with waiting and are instead having to compromise on price to make a sale”.

Posted by techieman @ 01:06 AM (5352 views)
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7 thoughts on “Will a Mexican stand off stand or deliver ?

  • Fire up the printing presses. Get ready for QE the sequel!

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  • Link to the ES article isn’t working – London prices have been falling for quite some time it just hasn’t been fully reported in MSM

    “hpwatcher said…Fire up the printing presses. Get ready for QE the sequel” – kicking the can down the road may recur if reflation stories give way to disinflation and expectations of yet more unorthodox monetary support. However, I don’t see that as a cure, and what’s more the market is getting increasingly wary and mistrusting of it, especially in credit markets where zombie companies now make up 14% of S&P500 universe whereas in 2008 it was just 6% (source Jupiter)

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  • Jack…. the article states that this is the first year on year fall since 2009.

    As always Enfield is not counted as part of London 😉

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  • TM – I know what Jim Royle would say to that article ! …………………….some interesting “coal face” comments from British Blue on here recently which I suspect are much more representative of whats going on in the London housing market.

    Enfield as always positively booming – prices could hit 1 Trillion to match the US debt ceiling once HS2 goes fully live.

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  • It started four years ago when Russia annexed Crimea. Oligarchs went under sanctions and then oil crashed.

    If it takes four years to reach the newspapers,the “information superhighway” really isn’t working at all.

    Everything seems to happen in slow motion. Wake up everyone. The real world is far ahead of what you read online.

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  • Received a bulletin from Coutts earlier today which reads “Buyers’ market: Over half of London prime property sold at discount”

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