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Property Sales Come To Life
Dan:_4
Posts: 3,795 Forumite
Homebuyers are out in force and property sales have begun to rise.
Today RICS are saying that the number of new buyer inquiries rose for the fifth consecutive month in March and at the fastest pace since September 2003.
http://www.timesonline.co.uk/tol/money/property_and_mortgages/article6094581.ece
Now the media have changed direction, this is another sure sign that prices will bottom in the coming months.
Today RICS are saying that the number of new buyer inquiries rose for the fifth consecutive month in March and at the fastest pace since September 2003.
http://www.timesonline.co.uk/tol/money/property_and_mortgages/article6094581.ece
Now the media have changed direction, this is another sure sign that prices will bottom in the coming months.
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Comments
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You wish Dan.
It's a simple fact that it's too early to tell.
The country is in the grip of the worst recession in living history and you are predicting people will want to borrow and pay more on their mortgage......0 -
You wish Dan.
It's a simple fact that it's too early to tell.
The country is in the grip of the worst recession in living history and you are predicting people will want to borrow and pay more on their mortgage......
I'm not predicting, just commenting that new buyer inquiries are rising at the fastest pace since Sep 2003, so it looks like people are willing to borrow.0 -
I'm not predicting, just commenting that new buyer inquiries are rising at the fastest pace since Sep 2003, so it looks like people are willing to borrow.
Again, supports anecdotals on the buying and renting board.
Have to say I don't think lack of willingness to borrow has been the problem throughout, sadly!0 -
It's a nice headline from RICS, however a less 'spun' analysis would have been 'Mortgage approvals rise 4% (just 900 more) from historical lows.0
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It's a nice headline from RICS, however a less 'spun' analysis would have been 'Mortgage approvals rise 4% (just 900 more) from historical lows.
I would have thought that mortgage approvals lagged new buyer enquiries
Just a thought. 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
It's a nice headline from RICS, however a less 'spun' analysis would have been 'Mortgage approvals rise 4% (just 900 more) from historical lows.
why is the positive news that coming out at the moment all spin?
when bad news was coming out it wasn't called spin - how come?
i think it's all spin - the media are doing it now and then.0 -
These RICs people are starting to get on my nerves.
In 2007 they stated that in 2008 prices would not fall.
http://www.forbes.com/feeds/afx/2007/12/19/afx4460203.html
LONDON (Thomson Financial) - The UK housing market could experience some near term weakness, but house prices should remain broadly unchanged next year, according to the Royal Institution of Chartered Surveyors.
In its forecast for the housing market for 2008, the industry association said any falls in house prices are unlikely to persist in duration.
Why, now, are we supposed to take what they say as correct?!
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Like I posted in a thread yesterday, the whole UK economy has been based on a rising housing market in the last 10 years, it's completely understandable that a couple of so called green shoots are being spun into a whole forest, almost overnight. The last few days are a mirror of what happened countless times in to 90's, and when the next set of of bad data came out, the green shoot was trampled under foot.
To be honest, the bull run of the last few days has been entertaining, it won't last though, however it will come back again, then die again, then come again....etc.. until we emerge from recesssion, the budget deficit is paid back and unemployment starts to fall, THEN and only then will we see any sustained stablising of the market.0 -
I think a lot of people are getting a bit nervous in the last few weeks.
I popped over to HPC yesterday evening (not that I go there often) and all this recent news means it's 'brown trousers time' for all the minimum wage losers trying to get a house 70% cheaper.0 -
Graham_Devon wrote: »These RICs people are starting to get on my nerves.
In 2007 they stated that in 2008 prices would not fall.
A lot of people in late 06/ early 07 thought prices would stagnate and get eaten away by inflation.
But the credit crunch saw that was not the case.
What was you thought back then? I was not thinking best brace for the worst, not until mid 07.0
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