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Debate House Prices
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OECD warns property is still 140% of it's historical average.
Comments
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With around half normal mortgage numbers, and half normal sellers coming to market, should there not be some sort of tie up?
Those choosing "not to come to market, waiting for a price recovery" could regret that, especially in 2-3 years (or more) time when the bottom still has not been hit.
Those wishing to go up the ladder have smaller rungs courtesy of the price falls to date. So they won't be "staying out of the market" at all.
Those cashing-in, probates and/or downsizing might wish to stay out of the market, but in previous debates those have been considered to be low in numbers...Hi, we've noticed that you don't have a signature to remove. If you're not sure why please read the forum rules or email the forum team if you are feeling left out.0 -
Just a point, the example I quote above was a forced sale ie. couple split up
Just to cheer you up
April 2 (Bloomberg) -- Leaders of the most powerful nations meet today amid signs that the world economy is stabilizing after months of freefall.
The Group of 20 summit convenes in London as some reports suggest the pace of decline is easing. U.S. durable-goods orders and home sales rose in February, Chinese urban investment surged 26.5 percent in the first two months of the year, and German investor confidence in March reached its highest level since July 2007. The Standard & Poor’s 500 Index last month rallied the most in seven years.
And
April 2 (Bloomberg) -- Japanese stocks rose for a second day as better-than-expected indicators in the U.S. stoked speculation the world’s biggest economy is recovering.'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 -
Having been in recession for 15 months(?), and what was it?, a -6% GDP drop in Q409, I should hope we will see some good news out of the US around now.
Trouble is UK has to yet to suffer its worst quarter. Maybe this, maybe next. Perhaps both.
I count at least two other "turning points" on the TPX graph. How do you decide this is "the one"...?
Good news - at least the shops are not so crowded! http://news.bbc.co.uk/1/hi/business/7974825.stm
And its good to see finance-related companies have learnt from recent history;
http://newsvote.bbc.co.uk/1/hi/business/7977472.stmHi, we've noticed that you don't have a signature to remove. If you're not sure why please read the forum rules or email the forum team if you are feeling left out.0
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