house prices DOWN 6.2% in a month!!! (in South East)

simonSE15

asking prices down says Rightmove:
http://www.google.com/hostednews/ukpress/article/ALeqM5hS3KCVIhrTH5j_6SfL5QXMS995Xw?docId=N0514981324167743428A

warehouse

With respect, who gives a ****?

IveSeenTheLight

asking prices is not house prices

RenovationMan

simonSE15 wrote: »

asking prices down says Rightmove:
http://www.google.com/hostednews/ukpress/article/ALeqM5hS3KCVIhrTH5j_6SfL5QXMS995Xw?docId=N0514981324167743428A

I found this interesting,:

"Rightmove said UK house asking prices should rise by two per cent in 2012"

The robustness of the UK housing market continues to astound.

angrypirate

Let me see, this is a thread about asking prices for houses posted on a "Debate house prices and economy" board. I imagine most people reading this board could well be interested. If you dont give a ***** maybe you should try a different board?

angrypirate

IveSeenTheLight wrote: »

asking prices is not house prices

Doesnt it show that sellers are lowering their expectations?

IveSeenTheLight

angrypirate wrote: »

Doesnt it show that sellers are lowering their expectations?

That all depends on the market.

What costs more: -

90% of the £200k asking price?
or
95% of a £195k asking price?

It used to be in Scotland, that properties were marketted under valuation in order to generate sufficient interest to create a competative bid scenario.

You need to understand the local market, to understand what effect asking prices have.

homelessskilledworker

IveSeenTheLight wrote: »

asking prices is not house prices

The very argument that many property bears have been using for a while now. The only thing that was killing the property market were dis illusioned sellers who were seriously in denial. Looks if a significant amount of sellers(maybe forced sellers) are now waking up.

angrypirate

IveSeenTheLight wrote: »

That all depends on the market.

What costs more: -

90% of the £200k asking price?
or
95% of a £195k asking price?

It used to be in Scotland, that properties were marketted under valuation in order to generate sufficient interest to create a competative bid scenario.

You need to understand the local market, to understand what effect asking prices have.

OIC, so you are basically saying that sellers cutting their prices by 6.2% shows that there is an expectation that house prices are going to go up and this is merely a trick to generate interest because houseprices are over valued. Oh, hang on...

Seriously?

Road_Hog

My house price hasn't gone down and it never will. I don't need to sell it, It's my home. But when I do sell, it will be for a lot more money than I bought it for. And that's the same sentiment of most homeowners, not going to sell it until the time is right.

If there were so many house bargains out there, wouldn't people be busy snapping them up, instead of posting on here?

bendix

Is Maidstone in the South East, by any chance?