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Debate House Prices


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BBC House prices: Surveyors expect property values to fall

neverdespairgirl
neverdespairgirl Posts: 16,501 Forumite
in Debate House Prices & the Economy
A bigger proportion of surveyors are expecting house prices to fall in the coming months than at any time since March last year.

Some 38% more of those asked, in the survey by the Royal Institution of Chartered Surveyors (Rics), expected prices to fall rather than rise in the next three months.

They said that property values fell for the second consecutive month in August.

Scotland was the only part of the UK to buck the downward trend in prices.


http://www.bbc.co.uk/news/business-11288763
...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
«13

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I wonder how they work out what a house is worth ... really. I mean, they walk into a house, it sold 3 years ago for £200k, round the corner one just sold for £175k, but they haven't been in that one. So how do they know if this one's worth £175k, £176k, £150k or what?

    They must just make it up really.
  • smamst
    smamst Posts: 1,545 Forumite
    Has the BBC found a great big bear outfit in it's darkest deepest forgotten corner?

    Bless them.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    According to RICS that -38 figure is consistent with a year-on-year increase in nominal house prices of about 2.5% slightly bizarrely.

    http://www.rics.org/site/download_feed.aspx?fileID=3&fileExtension=PDF

    (Graph 1, page 2)
  • zappahey
    zappahey Posts: 2,254 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    smamst wrote: »
    Has the BBC found a great big bear outfit in it's darkest deepest forgotten corner?

    What? By reporting the results of the research of an independent body?

    Just like the they do every month?
    What goes around - comes around
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    neverdespairgirl wrote: »
    A bigger proportion of surveyors are expecting house prices to fall in the coming months than at any time since March last year.

    Is this really news?
    Many predicted a stagnant 2010.
    We've had rises so far this year and thus need (was predicted) falls in order for the market to stagnate.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    they're a bit late with this one.

    prices have been falling for a while now and continue to do so.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    As I said yesterday, press sensationalise some bad news to boost figures (no doubt falling due to the new ITV program) but the truth is something entirely different.
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    nearlynew wrote: »
    they're a bit late with this one.

    prices have been falling for a while now and continue to do so.

    Only 'round your way'
    Land Registry, Nationwide, Halifax, Academetrics etc etc etc (those that show sold prices) all show an increase on average accross the UK.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • blueboy43
    blueboy43 Posts: 575 Forumite
    IveSeenTheLight wrote: »
    Only 'round your way'
    Land Registry, Nationwide, Halifax, Academetrics etc etc etc (those that show sold prices) all show an increase on average accross the UK.

    Halifax "standardised price" actually shows a small decrease since the end of 2009.
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Blacklight wrote: »
    As I said yesterday, press sensationalise some bad news to boost figures (no doubt falling due to the new ITV program) but the truth is something entirely different.


    :rotfl::rotfl:
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