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House prices fell in October, more houses sold - RICS
Aberdeenangarse
Posts: 1,262 Forumite
The Royal Institution of Chartered Surveyors' seasonally adjusted house price balance declined to -24 percent from -23 percent in September, below analysts' expectations of -23.
...........and there was Dribley saying sellers wouldn't reduce their prices :rotfl:
This could reflect growing realism among sellers, the survey showed, as they now appear to be more willing to take offers in order to secure a sale.
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Comments
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Think you need to change the title. Its wrong. A link would also be nice.0
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Similar to last month.
Around 55% of surveyors are seeing stable prices in their local area.
Around 36% of surveyors are seeing falling prices in their local area.
Around 9% of surveyors are seeing rising prices in their local area.
Only 4 out of 12 UK regions are seeing more than 50% of local areas falling in price.“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 -
Lets remember that price balance is for past 3 months, not just October ~ and they do tend to be a tad conservative.
Importantly activity up, sales up, new buyer enquiries up.
Newly agreed sales balance of +8 best since April 2010. :T
http://www.rics.org/site/scripts/download_info.aspx?downloadID=8048&fileID=10775If I don't reply to your post,
you're probably on my ignore list.0 -
Importantly activity up, sales up, new buyer enquiries up.
Newly agreed sales balance of +8 best since April 2010.
Yes, certainly not indicative of a crashing market.“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 -
The crash was 2009 ... since then it has been climbing.
Sadly, although I could have bought in 2009, I didn't ... believing that prices would fall much further
Bringing Happiness where there is Gloom!0 -
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HAMISH_MCTAVISH wrote: »Similar to last month.
Around 55% of surveyors are seeing stable prices in their local area.
Around 36% of surveyors are seeing falling prices in their local area.
Around 9% of surveyors are seeing rising prices in their local area.
Only 4 out of 12 UK regions are seeing more than 50% of local areas falling in price.
Don't you mean on average Hamish. :rotfl:
Bit more interesting when you zoom in.
Net Balance:-
North -30Yorkshire & Humberside -43North West -18East Midlands -50West Midlands -74East Anglia -58South East -32South West -37Wales -68London 33Scotland -53Northern Ireland -29
Same as last month.:)
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Lets remember that price balance is for past 3 months, not just October ~ and they do tend to be a tad conservative.
Importantly activity up, sales up, new buyer enquiries up.
Newly agreed sales balance of +8 best since April 2010. :T
http://www.rics.org/site/scripts/download_info.aspx?downloadID=8048&fileID=10775
not in Scotland apparently
http://www.bbc.co.uk/news/uk-scotland-scotland-business-156304420 -
bingobob777 wrote: »
So if the rics director said this of Scotland. Which has a net balance of -53.RICS Scotland director Graeme Hartley said: "The Scottish housing market went into early hibernation in October with prices falling and sales dipping.
It does very much look like prices are falling pretty much everywhere else. Excluding london of course.
West Midlands
-74
Wales
-68
East Anglia
-58
Scotland
-53
East Midlands
-50
Yorkshire & Humberside
-43
South East
-32
South West
-37
North
-30North West
-18
London33
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So if the rics director said this of Scotland. Which has a net balance of -53.
The article also said this"This will inevitably leave many people who would like to own a home unable to access the market."
Not so good for aspiring home owners.
When you also take into context another article on the link
http://www.bbc.co.uk/news/business-14136496Private rents still rising, letting agents say
It's not that great news for potential buyers:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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