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Debate House Prices


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House sellers face up to reality...RICS

24

Comments

  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    Hang on Really2, I actually agreed with you. Maybe what I wrote didn't make sense.
    Why are we here?......................because we are not all there.
  • Going4TheDream
    Going4TheDream Posts: 1,258 Forumite
    Part of the Furniture Combo Breaker
    shortchanged wrote: »
    I think the problem lies with the vendors who are telling the EA's what price to market the property and it is the vendors who are the ones that are being unrealistic with the asking and selling prices.

    Totally agree, a house at the end of my road has been up now for a year, first went up at £575k, 12 months on it is now down to £495k, and I believe that they will have to drop it further, most houses of that size in this area have sold recently for £425k tops.

    At the end of the day a house is worth what someone wants to pay for it?
    Dont wait for your boat to come in 'Swim out and meet the bloody thing' ;)
  • The_White_Horse
    The_White_Horse Posts: 3,315 Forumite
    i don't know the price of houses in warwickshire, but 575k seems more like London prices. Even 425k sounds a lot to me.
  • Aberdeenangarse
    Aberdeenangarse Posts: 1,262 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    ....but......but....but Dribley said sellers would never reduce their prices!
  • Going4TheDream
    Going4TheDream Posts: 1,258 Forumite
    Part of the Furniture Combo Breaker
    The_White_Horse wrote: »
    i don't know the price of houses in warwickshire, but 575k seems more like London prices. Even 425k sounds a lot to me.

    Sounds a lot to me to , probably why it hasnt sold yet - it is a 6 bed Edwardian detached house....maybe no demand for larger houses?
    Dont wait for your boat to come in 'Swim out and meet the bloody thing' ;)
  • geneer
    geneer Posts: 4,220 Forumite
    Rinoa wrote: »
    Already done this one.


    Except of course you tried to brush the figures underthe carpet with a bit of determined semantic slight of hand.

    Sadly it seems no one else is accepting your dubious interpretations.

    Instead it appears as if falling prices is resulting in increased sales.
    Shurely shum mishtake.
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    geneer wrote: »
    Instead it appears as if falling prices is resulting in increased sales.
    Shurely shum mishtake.

    There's a difference between the vague perceptions of a limited number of surveyors and the the actual indices of Nationwide and Halifax.

    You'll be aware their latest indices both recorded price increases. ;)
    If I don't reply to your post,
    you're probably on my ignore list.
  • geneer
    geneer Posts: 4,220 Forumite
    Rinoa wrote: »
    There's a difference between the vague perceptions of a limited number of surveyors and the the actual indices of Nationwide and Halifax.

    You'll be aware their latest indices both recorded price increases. ;)

    Right. So it seems RICS is beneath comment then. :rotfl:

    Yet you and Hamish still managed to comment.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    geneer wrote: »
    it appears as if falling prices is resulting in increased sales.
    .

    No it doesn't.

    Sales volume increased from Sept to Oct.

    House Prices increased from Sept to Oct on both the Nationwide and Halifax indices.

    :D
    “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”
  • geneer
    geneer Posts: 4,220 Forumite
    HAMISH_MCTAVISH wrote: »
    No it doesn't.

    Sales volume increased from Sept to Oct.

    House Prices increased from Sept to Oct on both the Nationwide and Halifax indices.

    :D


    no mention of land reg then :D

    Of course RICS says volume increasing and prices falling.
    Can't really pick what we like and leave the rest can we Hamish.
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