House prices surge the wrong way again

macaque_2

Whoops! This comes from the Royal Institute of Chartered Spin!

The balance for prices in the past three months was -46 (54% saying that prices remained the same and 46% saying that prices fell).

http://www.rics.org/site/scripts/press_article.aspx?pressreleaseID=577

HAMISH_MCTAVISH

Ummm, you do realise that release is for Northern Ireland, right?

The latest release for the UK is as follows:

10% of surveyors report rising prices.

58% of surveyors report stable prices.

32% of surveyors report falling prices.

Two thirds of the market is stable or rising, one third of the market is falling.

macaque_2

HAMISH_MCTAVISH wrote: »

Ummm, you do realise that release is for Northern Ireland, right?
The latest release for the UK is as follows:
10% of surveyors report rising prices.
58% of surveyors report stable prices.
32% of surveyors report falling prices.
Two thirds of the market is stable or rising, one third of the market is falling.

Ummmm yes I do. Second set to the 70% club. New Bulls please.

Loughton_Monkey

macaque wrote: »

Ummmm yes I do. Second set to the 70% club. New Bulls please.

You cannot be SERIOUS!

chris_m

HAMISH_MCTAVISH wrote: »

The latest release for the UK is as follows:

10% of surveyors report rising prices.
58% of surveyors report stable prices.
32% of surveyors report falling prices.
Two thirds of the market is stable or rising, one third of the market is falling.

Alternatively - two-thirds of the market is stable or falling, one third is rising.

Doncha love the way stats can be manipulated to give a desired message :rotfl::rotfl::rotfl:

shortchanged_2

chris_m wrote: »

Alternatively - two-thirds of the market is stable or falling, one third is rising.

Doncha love the way stats can be manipulated to give a desired message :rotfl::rotfl::rotfl:

To correct you even further chris_m you could say;

nine-tenths are saying it is stable or falling and one-tenth is rising.

Pitiful effort really Hamish, isn't it.

Loughton_Monkey

chris_m wrote: »

Alternatively - two-thirds of the market is stable or falling, one third is rising.

Doncha love the way stats can be manipulated to give a desired message

Surely not!

• Only 10% of surveyors are intelligent. It is the unanimous opinion of all intelligent surveyors, that prices will increase.
• Almost 60% of surveyors have yet to realise that house prices are going up.

I am neither a bull nor a bear. I have no axe to grind either way. But one thing I do know, is that surveyors know about as much about house prices as Katie Price knows about particle physics. Their role is restricted simply to confirming that (a) the house exists, and (b) that it seems to be changing hand by mutual agreement at £275,000.

Hence, it is 'worth' £275,000. Or, depending upon the climate at the time, £270,000 to save his buttocks.

So what the hell is the point of asking these muppets what's going to happen in the future?

neverdespairgirl

HAMISH_MCTAVISH wrote: »

The latest release for the UK is as follows:

10% of surveyors report rising prices.

58% of surveyors report stable prices.

32% of surveyors report falling prices.

Two thirds of the market is stable or rising, one third of the market is falling.

Or, 90% think there are either nominal or real drops in price!

MoneySaverLog

HAMISH_MCTAVISH wrote: »

Ummm, you do realise that release is for Northern Ireland, right?

The latest release for the UK is as follows:

10% of surveyors report rising prices.

58% of surveyors report stable prices.

32% of surveyors report falling prices.

Two thirds of the market is stable or rising, one third of the market is falling.

Or to look at it another way only 10% are saying prices are rising and 90% are saying it is either stable or falling. :rotfl:

peakoil_2

good news for those buying soon whichever way you look at the figures.