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RICS Survey September confirms Halifax figure.
Henry_P_Chester
Posts: 451 Forumite
HAMISH_MCTAVISH wrote: »Well that didn't take long.
Supply falling already.
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/8051488/What-next-for-house-prices.html
Sneaky peak at tomorrows release
Sorry Hamish you've been mislead. Supply is increasing at a faster pace than august. Surveyors reporting falling prices plummets to -44%. Demand dropping further.
http://www.citywire.co.uk/money/house-prices-fall-further-surveyors-say/a438899?ref=citywire-money-latest-news-list
House prices have continued to fall, weighed down by an increasing supply of homes on the market, a survey of surveyors shows.
The proportion of surveyors reporting falling house prices grew for the third month in a row, with 44% reporting a fall in September. Just 6% reported a rise and the remainder said that prices had been static.
The Royal Institution of Chartered Surveyors (RICS), which surveys its members each month, found that 22% more chartered surveyors reported a rise rather than a fall in new instructions, up from 12% in August. While there is a lack of buyers, increasing numbers of homeowners are testing the market ahead of further public spending cuts or a possible deterioration in the economy.
Halifax figure confirmed by RICS:
Overall, the survey appears to tally with results from the Halifax which last week reported a!record 3.6% drop in house prices for September. The Halifax report coincided with a!warning from the!International Monetary Fund that UK house prices could be set to drop.
GHOULES_ARE_BACK_IN_TOWN wrote: »Oh dear, crash over.
Again.
Crash gaining momentum!
:beer:
Debt Is Slavery.
0
Comments
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Every cloud..........Not Again0
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They must have read my posts on here.
I've been sayig it for ages."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
Oh noe's
I have a feeling where this is going.
0 -
Hamish was merely reporting RICs own chief economist.
From the latest report it would appear 56% of surveyors did not report any price falls.If I don't reply to your post,
you're probably on my ignore list.0 -
Hamish was merely reporting RICs own chief economist.
From the latest report it would appear 56% of surveyors did not report any price falls.
Nice try columbo.
You and Mctittish and all the other debt-junkies can carry on dreaming.
But HPI is not coming to your rescue."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
Hamish was merely reporting RICs own chief economist.
From the latest report it would appear 56% of surveyors did not report any price falls.
94% said no rise :beer:
Hamish said supply is falling, he was wrong, it's rising even faster! I corrected him. We don't want mis information doing the rounds do we.
No need to thank me...Debt Is Slavery.0 -
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Citywire are naughty. That is embargoed until 12 Oct - See the top of the last one:
http://www.rics.org/site/download_feed.aspx?fileID=7443&fileExtension=PDF
Citywire have also posted it with a time of 00:01 12th October.0 -
44% reporting a fall in September. Just 6% reported a rise and the remainder said that prices had been static.
Excellent news.:beer:
Prices still stable or rising in 56% of the country, despite the Halifax drop.
Just goes to show the Halifax figures do indeed have a northern england bias.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Excellent news.:beer:
Prices still stable or rising in 56% of the country, despite the Halifax drop.
Just goes to show the Halifax figures do indeed have a northern england bias.
just asking, are you not northern? if you are excluded from these stats then why are you so happy ??0
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