House prices: Rises may start to slow, surveyors say

IveSeenTheLight

Rinoa wrote: »

Here's the RICS link:

http://www.rics.org/site/download_feed.aspx?fileID=6068&fileExtension=PDF

TBH I can't see where they are coming from. According to their data each surveyor had 2 fewer properties in stock than the previous month.

Not exactly a supply surge then.

You have focussed on stock which is actual transactions while the report is broadly based upon their new buyer enquiries and new instructions.
the report also states that these indicators have yet to translate into actual transactions.

No doubt you could see a difference in stock levels next month.

nembot

Unfortunately someone needs to tell the surveyors, that price drops does not mean "price rises are slowing" it means prices have gone down.... what a bunch of muppets.

chucky

IveSeenTheLight wrote: »

There is more supply coming on to the market, but is it enough to meet demand.
2009 would tell you it was a no.
Time will tell for 2010 and onwards.

If the futures pans out as planned, I believe Hamish will be correct.
For him to be wrong, there need to be a shift in the amount of population, a change in acceptance of our living conditions or more homes need to be built

here is your answer - it 's not what some of our more negative readers wanted to see happen....

abaxas

chucky wrote: »

here is your answer - it 's not what some of our more negative readers wanted to see happen....

Ermm.. can you translate those graphs? I see them as ...

New vendor increasing by 15%
New buyer by 7%.

So twice the amount of property is coming onto the market than people entering the market? Maybe you can explain them.

chucky

abaxas wrote: »

Ermm.. can you translate those graphs? I see them as ...

New vendor increasing by 15%
New buyer by 7%.

So twice the amount of property is coming onto the market than people entering the market? Maybe you can explain them.

depends which area/region that you select

for the North (which is your area) New Buyer Enquiries is nearly 40% whilst New Vendor Instructions is only 10%.... that means 4 times the number of people entering the market compared to new property. looks like the demand is there... chin up

but........the West Midlands and East Anglia seems to have more property coming on than new people entering the market

Graham_Devon

Think demand is pretty static currently. But the supply is up. IMO.

Now would be the time that many sellers may have been holding on for. Maybe they thought they would hold out for higher prices, saw a drop and are, like many of us would, trying to get in and sell before any further potential falls.

Emy1501

All I know is the number of properties in my search area and type on RM is 30% up on the beginning of the year. I know someone looking to sell in the next couple of months. There were no properties for sale on their road or the surrounding roads at the end of the year now there are 7.

nembot

StiflersMom wrote: »

Demand is up - supply is up. What is it the bears always bleat on about low transaction volumes in the market?? Looks like that particular porkie has now been laid to rest (apologies for mixed methaphors)

Yet prices are down officially, care to explain?

If you say snow, I will laugh.

HammerSmashedFace

House prices: Rises may start to slow, surveyors say

I lol'd, is that in the 7% of postcodes that were rising in the first place, based on 40% of the average approvals over the last decade. A bit of honesty and perhaps the full story would help raise the credibility of these cretinous VI's.

I reckon we are heading for the fear stage shortly, as the steam finally runs out of the 'return to normal' part of the bubble graph. Everything including the kitchen sink as been thrown at reinflating the bubble, fortunately in the majority of the country it failed, and now we are in such deep !!!!!!, there is no more unsustainable policies to throw at it.

Look for the average house price to be pretty much the same as it is now or lower for the next decade.

IveSeenTheLight

Graham_Devon wrote: »

Think demand is pretty static currently. But the supply is up. IMO.

How can you think demand is static and supply is up when the report clarifies both are up.
You can't just take one part of the report only because it suits.

The silver lining for you is that supply is up more than demand.