house prices are apparently falling quicker

white_noise

http://news.bbc.co.uk/1/hi/business/7967715.stm

WN

Cannon_Fodder

go to edit/Advanced you should be able to change it...

though the "Latest Statisitical" thread has it covered...

white_noise

Cannon_Fodder wrote: »

go to edit/Advanced you should be able to change it...

though the "Latest Statisitical" thread has it covered...

thanks that has it sorted
WN

lostinrates

Are they though? Or is it the lag on the LR figures? I'm keen to see the Hali-wide figures. I wouldn't be surprised if falls are slowing now. There is a lot of talk on the buying/renting board about sales, the mood seems up and the sales boards locally indicate some stuff is moving, so whter that will be at the same rate or a slowdown NOW we can't know from these figures, yet:)

white_noise

lostinrates wrote: »

Are they though? Or is it the lag on the LR figures? I'm keen to see the Hali-wide figures. I wouldn't be surprised if falls are slowing now. There is a lot of talk on the buying/renting board about sales, the mood seems up and the sales boards locally indicate some stuff is moving, so whter that will be at the same rate or a slowdown NOW we can't know from these figures, yet:)

could that movement be a Bull trap?
can of worms open!
WN

lostinrates

white_noise wrote: »

could that movement be a Bull trap?
can of worms open!
WN

Sure it could. My only point was that these figures, AIUI are a lagging indicator. I wouldn't be surprised at a decrease in the rate of falls sort term, but ultimately I personally, with a very uneducated opinion, feel property has furher to fall

Dan:_4

I also agree that Property has further fall, the recent activity will ensure drops are a lot smaller over the summer and autum, likely to bottom out around end of year if not before.

Kenny4315

I've been in around 8 EAs today checking out if there's any hot prospects. Virtually no even luke warm prospects, the property on display is barely 10% below peak, and certainly nowhere near 20% down. Obviously the sell price will be less than this but the EAs seem to be keeping prices artificially high. The issue being that interest rates are not forcing the issue for sellers at the moment. Hardly any wonder that house sales are so low. I don't really see the advantage of EAs keeping prices high and selling such low quantities, suppose the sellers can still muddle along when base rate is 0.5%, and the SVR is maybe 4% ish.

Fight_Club

lostinrates wrote: »

Are they though? Or is it the lag on the LR figures? I'm keen to see the Hali-wide figures. I wouldn't be surprised if falls are slowing now. There is a lot of talk on the buying/renting board about sales, the mood seems up and the sales boards locally indicate some stuff is moving, so whter that will be at the same rate or a slowdown NOW we can't know from these figures, yet:)

If the falls are only "slowing down" when interest rates are at zero percent, what's it going to be like when interest rates are at 7%? Perhaps paying people to have one?

carolt

Interesting how it varies from area to area. In my area, the only things selling (v little) is priced at least 20% off peak, but I suspect selling for a lot less - I look forward to seeing the sold prices on those figures when they finally go through (assuming they do - we've had a couple of local properties that went under offer quite quickly, but have remained at that point for many, many months - coming up to a year, I think, presumably stuck in chains).

But I'd be surprised if sold prices were less than 30% down from peak.

Dan:_4

There was very little in the jobs section for my local newspaper this week. The biggest advert was for an estate agent looking to hire 3 new sales people.