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Debate House Prices
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Less houses comimg to market!
StevieJ
Posts: 20,174 Forumite
If enquiries turn to sales, then we could have a supply problem :eek:
New instructions to sell property continue to fall and were down sharply in April,
The proportion of sales to stock levels rose to 15.3% in April, the highest level since September, and up from the recent low of 12.9% in December.
UK house owners keen to sell their homes were given some hope by the latest survey from the Royal Institution of Chartered Surveyors (RICS) which showed new buyer enquiries at their highest level in almost ten years.
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=2770577
New instructions to sell property continue to fall and were down sharply in April,
The proportion of sales to stock levels rose to 15.3% in April, the highest level since September, and up from the recent low of 12.9% in December.
UK house owners keen to sell their homes were given some hope by the latest survey from the Royal Institution of Chartered Surveyors (RICS) which showed new buyer enquiries at their highest level in almost ten years.
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=2770577
'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 Thatcher
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This is due to the HIP rule changes that came in at the beginning of April0
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This is due to the HIP rule changes that came in at the beginning of April
I know, HIP is a total waste of time,they should just go with the safety certificate. Is there a petition for that? I might sign that one.'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 -
I know, HIP is a total waste of time,they should just go with the safety certificate. Is there a petition for that? I might sign that one.
its called the conservative party
have you ever seen an EPC - they are a complete joke - the people who do them don't have a clue
seen a couple and they couldn't even tell that the property was timber frame
they also did not have a clue what a thermal store is
and also could not tell how efficient the boiler was even though the information is freely available on the web0 -
If enquiries turn to sales, then we could have a supply problem :eek:
No problem. It isn't even a bad thing.
If the fewer sellers in each town or city are more inclined to take lower prices in order to sell - all other homes fall in value.
It is called a market.
The supply will come back online when property values have fallen much further, and all the new supply will get is the new market rate of value for their homes.
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its called the conservative party
:eek: No thanks.
seen a couple and they couldn't even tell that the property was timber frame
they also did not have a clue what a thermal store is
BTW, what is a thermal store
'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 -
A Thermal Store is a vessel which acts like a battery for heat. Mains pressure cold water enters a heat exchanger within the store where heat is transferred directly to the incoming water supply. Mains pressure hot water exits the cylinder but does not mix with the contents.
Thermal Stores provide:- True mains pressure hot water
- Deliver up to 25 litres per minute filling a normal bath in 3-4 minutes
- Offer a dry roof space (no tanks) eliminating risk from freezing
- Increased system efficiency, reducing running costs
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No problem. It isn't even a bad thing.
If the fewer sellers in each town or city are more inclined to take lower prices in order to sell - all other homes fall in value.
It is called a market.
The supply will come back online when property values have fallen much further, and all the new supply will get is the new market rate of value for their homes.
If fewer sellers there is less competition, are you saying that less competition reduces prices
I think we are going to have to amend those economics text books 
I think that just because someone sells at a discount does mean that other properties will fall in value, ever heard of 'priced for a quick sale'
BTW, I have seen house sell 20% under perceived MV and then the next one sold for 20% more (recently).'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 -
This is due to the HIP rule changes that came in at the beginning of April
Oh of course it is.
I had noticed less supply round my way.
But nothing selling either, and I'm not currently looking to buy.
So fine for everyone - except estate agents, obviously.
Bit of a problem for them.
Oh and surveyors - maybe that explains this morning's desperate attempts at 'green shoots' growing out of a pile of poo.0 -
Oh and surveyors - maybe that explains this morning's desperate attempts at 'green shoots' growing out of a pile of poo.
Generali, there we go again '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 -
Oh of course it is.
I had noticed less supply round my way.
But nothing selling either, and I'm not currently looking to buy.
So fine for everyone - except estate agents, obviously.
Bit of a problem for them.
Oh and surveyors - maybe that explains this morning's desperate attempts at 'green shoots' growing out of a pile of poo.
hahaha - that was a quick back track, you were quick enough to quote their April release this morning :rotfl:
http://forums.moneysavingexpert.com/showthread.html?t=1682837That's what the article - minus the spinning headline, actually said:
http://news.bbc.co.uk/1/hi/business/8044527.stm
The Rics survey found that more surveyors expected prices to keep falling than rise in general, but that the decline could stabilise in the coming months.
"Transactions remain at very low levels, and we are unlikely to see significant improvements while money remains in short supply and the employment picture is uncertain," said Rics spokesman Jeremy Leaf.0
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