U.K. House Prices Drop the Most in 16 Months,

Dirk_Rambo

dear sibeley, have you not heard off negative equtiy.
ps. a big MSE welcome going out to sibeley, our most recent HPcrash.co.uk evictee. i hope you enjoy yourself here but not 2 much ok

Generali

StevieJ wrote: »

Wrong! estate agents are about selling houses not keeping prices high, I think getting vendors to lower price expectations might help that along don't you think? So in this case their VI is in falling prices.

I agree FWIW. Surely Estate Agents do better from increased volumes than increased prices.

Dirk_Rambo

doire wrote: »

And as they are involved in selling houses they are the people to ask

thats a good point doire

blueboy43

StevieJ wrote: »

Wrong! estate agents are about selling houses not keeping prices high, I think getting vendors to lower price expectations might help that along don't you think? So in this case their VI is in falling prices.

Hmmmm, it appears that house sale transactions are at their highest when house prices are marching relentlessly upwards.

In the medium term, particularly when you get nominal falls, the housing market just gets very slow.

Estate agents are normally employed by the vendor to get the highest possible price (I appreciate that they don't normally act 100% in the vendors interest).

Dirk_Rambo

good point blueboy

Generali

blueboy43 wrote: »

Hmmmm, it appears that house sale transactions are at their highest when house prices are marching relentlessly upwards.

Is that true? I thought that the period 2005-7 was marked by falling volumes as FTBs were pretty much priced out. I'm not positive.

Dirk_Rambo

excelent point general