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Debate House Prices


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Sellers "slash" asking prices

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Comments

  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    edited 4 November 2010 at 2:09AM
    diable wrote: »
    Was it 1990 or so when prices dropped by 50%?

    According to Nationwide Quarterly "UK" Index, 1973 on, the biggest annual drop in house prices was 16.5% (Q1 2008 to Q1 2009).

    Prior to that, the biggest was 10.7% (Q4 1989 to Q4 1990). Although Yorks/Humberside was hit 20.3%
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    http://www.guardian.co.uk/money/2010/nov/03/home-sellers-slash-asking-prices

    Sellers wising up? Or simply asking too much to begin with?

    Or maybe another VI trying to drum up business :)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    diable wrote: »
    Was it 1990 or so when prices dropped by 50%?

    Must have passed me by, that one :)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    Next leg down is on....and it feels good :D
    i'm that sure that Search function would find a number of times that you've called that Next Leg Down... and also got it very wrong... again and again

    nevermind... chin up
  • julieq
    julieq Posts: 2,603 Forumite
    Graham_Devon wrote: »
    Next leg down is on....and it feels good :D

    Clue may have been in the first sentence which said the market was stagnating. Do you ever read what you post Graham?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    i'm that sure that Search function would find a number of times that you've called that Next Leg Down... and also got it very wrong... again and again

    nevermind... chin up

    So, you don't want to post up the full quote? Wonder why ;)
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    julieq wrote: »
    Clue may have been in the first sentence which said the market was stagnating. Do you ever read what you post Graham?
    please don't be beastily to Graham Julie, he's a sensitve chap and will only have another breakdown especially as it's 3 months since the last time he claimed the housing market was in the 'next leg down' stage...
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    House prices see fastest rise in 18 months

    House prices rose at their fastest rate for 18 months in October after a steep drop during the previous month, figures showed today.

    Martin Ellis, Halifax housing economist, said: "We do not believe that prices are set to fall sharply over a sustained period. Interest rates are likely to remain very low for an extended period, which will continue to support the improved mortgage affordability position for homeowners."

    The start of the next leg down for sure...:rotfl:
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Apparently, the rise wouldn't be celebrated in such style?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Blacklight wrote: »
    The start of the next leg down for sure...:rotfl:
    pmsl... who would be stupid enouigh to say something like that after one months figures...
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