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MSE News: Big drop in house asking prices

"House sellers dropped asking prices by the biggest percentage recorded for August ..."

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  • DRP
    DRP Posts: 4,271
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    MSE_Guy wrote: »
    "House sellers dropped asking prices by the biggest percentage recorded for August ..."
    Read the full story:
    Big drop in house asking prices



    OfficialStamp.gif

    saw this reported on the beeb this morning, along with the reasoning that buyers were watching the Olympics rather than house-hunting ...hmmmmm
  • I was house hunting up until the start of the Olympics, and the traffic light re-phasing in SW London made getting to viewings a nightmare. But in all honesty I really doubt that would prevent people from going out and viewing houses.
  • Pincher
    Pincher Posts: 6,552
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    The streets were less busy during the Olympics where I am in London. I think people just assumed it would be bad and so went on holiday or whatever.
  • rickbonar
    rickbonar Posts: 448 Forumite
    DRP wrote: »
    saw this reported on the beeb this morning, along with the reasoning that buyers were watching the Olympics rather than house-hunting ...hmmmmm

    Last month they said it was the weather!

    Perhaps sellers are anticipating a further fall in house prices and are just trying to get out quickly before they tumble badly.:D
  • rickbonar
    rickbonar Posts: 448 Forumite
    Apparently though rents are SOARING?

    And there's a SURGE in supermarket bargains. And it's a BIG drop in house asking prices.

    Sounds like an estate agent.
  • Asking prices fell, much like they do every August.

    August 2012 -2.4%
    August 2011 -2.1%
    August 2010 -1.7%
    August 2009 -2.2%
    August 2008 -2.3%

    But more importantly, still up 2.0% year on year.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
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