House prices fall: BBC front page - whats happening?

IveSeenTheLight

Graham_Devon wrote: »

yer but no but yer but no but....

While it may be funny, it doesn not paint you in the best light to paraphrase Vicki Pollard

michaels

I don't think we are disagreeing, more I am suggesting that Hamish's constant references to 'the underlying balance between supply and demand' can be over-ridden in the short term by other drivers of demand.

IveSeenTheLight wrote: »

Expectations still contribute to the supply and demand

Demand is the desire and ability to buy.
If the desire has lowered because the expectations are for further falls, then the demand lowers.

Supply is those properties available for sale.
If the expectations are that the achievable price is too low and they wish to wait until prices are higher then the supply lowers

In both cases, expectations feed into the supply and demand basis

IveSeenTheLight

michaels wrote: »

I don't think we are disagreeing, more I am suggesting that Hamish's constant references to 'the underlying balance between supply and demand' can be over-ridden in the short term by other drivers of demand.

Hamish has not contributed to this thread

From recollection though, one of the fundamentals that Hamish points out is that there is a growing population and insufficient properties built / rennovated to cater for those additional people.

This will mean that regardless of normal supply and demand from people wanting to own their own homes, there will be an increase in need for property either as owners or as renters.

Those that can afford may become owners, those that can't will likely become renters.

With a potential rise in market for rented properties, this would drive investors to invest.

It certainly is a fine line, but simply looking at the population growath and measuring against property supply growath shows a widening gap, hence a fundemantal in affecting the supply / demand process which will either put up the price or property, rents or indeed both.

Of course there is mouted shared ownership, HMO etc which contributes to a reduction in demand,

One thing for sure, the market set's the rates

Doctor_Gloom

brit1234 wrote: »

This must be a first as the BBC apart from radio 5 always trys to spin house prices up.

The BBC are just going with the flow. Everyone now realises that house prices are going to fall off a cliff and so the BBC are merely jumping on the bandwagon.

doire_2

brit1234 wrote: »

Today I woke up turned on the BBC news 24 and their headline story was House prices falling and a double dip recession. Lots of so called experts trying to spin stuff and even an Estate agent saying prices are going to continue to fall.

Then on the BBC website front page there was this:

Good news for us bears with this widespread coverage. Hopefully this will stop some ftb making a costly mistake as house prices will continue to fall.

This must be a first as the BBC apart from radio 5 always trys to spin house prices up.

Radio 5 had a very long discussion this monring on house prices. And to my surprise it was very bearish

Yoshua

Its interesting how many people are now thinking house prices are falling. If the general public think we are going to see house prices lower then it often turns into a self fulfilling prophecy

chucky

Yoshua wrote: »

Its interesting how many people are now thinking house prices are falling. If the general public think we are going to see house prices lower then it often turns into a self fulfilling prophecy

you said this last Summer

Yoshua wrote: »

Summer is sunny and people are happy.

Seems the government men have been successful at decieving people, the amount of people on here think that its over and house prices will actually go up even more.

Wait until its cold and grey and wet AND interestrates are shootingup and people cant pay their mortgages.

Then we will see how much the government can decieve people then.

another year and you're still none the wiser

it's like ground hog day on here

nearlynew

House prices have been falling for quite a while now and are lower than they were this time last year.

The published figures suggesting otherwise are just spin and bullsh1t.


100% guaranteed.

Dan:_4

nearlynew wrote: »

House prices have been falling for quite a while now and are lower than they were this time last year.

The published figures suggesting otherwise are just spin and bullsh1t.


100% guaranteed.

100% bullsh1t, as usual.

FTBFun

To Dr Gloom and brit1234, both in London:

London saw the biggest increases in that time, with values up by 15%

I guess you missed that bit eh.