MSE News: House prices 'to climb further'

Really2

Emy1501 wrote: »

Rics though have confirmed that the increase in buyers is falling and has been falling for the last 4 months? If this continues and the number of sellers continue to increase than its likely prices will not fall?

It is down to the figures if the number of people registering interest (not buyers buyers are increasing ) is higher than property's being sold and new property's entering the market it equates to continuing demand.

Do you know the point when the number of property's coming on to the market is more than the amount of houses selling and people registering interest?

Example
10,000 more house listed this month but 10,000 less people register interest.

If the figures for listings is now 50,000, but the figures registering is 390,000
For supply to be greater than new demand it would have to be over 390,000

You can see how one falling and one rising still equates to increasing demand.

Emy1501

Really2 wrote: »

It is down to the figures if the number of people registering interest (not buyers buyers are increasing ) is higher than property's being sold and new property's entering the market it equates to continuing demand.

Do you know the point when the number of property's coming on to the market is more than the amount of houses selling and people registering interest?

Example
10,000 more house listed this month but 10,000 less people register interest.

If the figures for listings is now 50,000, but the figures registering is 390,000
For supply to be greater than new demand it would have to be over 390,000

You can see how one falling and one rising still equates to increasing demand.

No I dont and kindly RICS have not given any indication. I had to look quite hard to find out that the increase in buyers numbers were falling;)

Personally it would not surprise me if RICS end up wtih egg on their face. How they believe they can predict public sentiment in the present climate is beyond me. Yes they could be right but sellers numbers could just as easily pick up in the new year if many are waiting for the new year to put their houses.

I think it will be Feb or March before these sort of figure become worth looking at.

Really2

Emy1501 wrote: »

No I dont and kindly RICS have not given any indication. I had to look quite hard to find out that the increase in buyers numbers were falling;)

I thought the numbers of purchases was still increasing. Can't find the data though.

Emy1501

Really2 wrote: »

I thought the numbers of purchases was still increasing. Can't find the data though.

Sorry I meant the number of potential buyers. yes actual sales and risen by 1/2 a house per agent over the past 3 months

Graham_Devon

Found a new playmate really?

Thrugelmir

Emy1501 wrote: »

Personally it would not surprise me if RICS end up wtih egg on their face. How they believe they can predict public sentiment in the present climate is beyond me. Yes they could be right but sellers numbers could just as easily pick up in the new year if many are waiting for the new year to put their houses.

Markets do not move in straight lines. RICS can only comment on what they information they have today, whats happening on the ground. Tomorrow the BOE may cut interest rates to .25%. We may have a blizzard of a winter come January. Potential buyers could disappear tomorrow. All sorts of factors can influence property prices.

But sellers are in the majority are also buyers. People aren't selling as they don't need too.

Emy1501

Thrugelmir wrote: »

Markets do not move in straight lines. RICS can only comment on what they information they have today, whats happening on the ground. Tomorrow the BOE may cut interest rates to .25%. We may have a blizzard of a winter come January. Potential buyers could disappear tomorrow. All sorts of factors can influence property prices.

But sellers are in the majority are also buyers. People aren't selling as they don't need too.

Exactly and thats why I find it strange they are telling us that prices are going to keep rising based on the info they are.

Really2

Graham_Devon wrote: »

Found a new playmate really?

Oh Graham are you jealous.:)

I quiet like them, it has been a very polite debate.

Graham_Devon

Really2 wrote: »

Oh Graham are you jealous.:)

That obvious?