We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Rightmove. Dec 2008. Asking prices down
PasturesNew
Posts: 70,698 Forumite
http://www.guardian.co.uk/business/feedarticle/8162665Asking prices for homes in Britain fell in December to stand more than 10 percent below May's peak, a survey showed on Monday.
Property website Rightmove said asking prices fell an unadjusted 2.3 percent this month to 217,808 pounds ($324,000), after November's 2.9 percent fall.
The annual rate improved slightly to show prices down 6.3 percent in December, compared with 7.1 percent in November.
"Initial asking prices are now an average of 10.2 percent below the peak they hit in May of this year," Rightmove said in a statement, predicting asking prices could bottom out a further 10 percent down by the end of 2009.
Britain's housing market has taken a battering this year as the credit crunch squeezed bank lending and spread through the broader economy.
0
Comments
-
I thought the peak was last year not this year??If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
-
I guess once we have the LR and HBOS and the rest of them it it will all tally up in one way or anotherIf you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
Is it possible that Rightmove are talking purely about asking price whereas other commentators are discussing selling price? In which case I could definitely see that a peak was possible as late as May. Sellers took a long time to realise what was happening and very few reduced price during the first months of the year.0
-
Is it possible that Rightmove are talking purely about asking price whereas other commentators are discussing selling price? In which case I could definitely see that a peak was possible as late as May. Sellers took a long time to realise what was happening and very few reduced price during the first months of the year.
Zelie wins today's special prize!
RM look at asking prices and then only on properties listed on RM. They claim that is 90% of the market.0 -
It's a valuation from on an estate agent, so for me its just hot air IMHO0
-
What do I win?0
-
Is it possible that Rightmove are talking purely about asking price whereas other commentators are discussing selling price? In which case I could definitely see that a peak was possible as late as May. Sellers took a long time to realise what was happening and very few reduced price during the first months of the year.
Bang on the money.0 -
Frankly, I'd rather have !!!!!!'s old tin hat cos I could sell it on ebay.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards