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House-price crash fear as buyer-seller stand-off leaves the market in limbo
homelessskilledworker
Posts: 1,664 Forumite
Fears that Britain is braced for a house price crash were raised yesterday by another set of gloomy figures from Halifax.
The lender said a stand-off between reluctant sellers and nervous buyers was threatening stagnation for the housing market for the rest of the year.
Its latest figures showed average house prices in the UK fell 0.6 per cent to £161,094 during July and remained completely becalmed over the past quarter.
Some economists fear that worse is to come,
http://www.independent.co.uk/news/business/news/houseprice-crash-fear-as-buyerseller-standoff-leaves-the-market-in-limbo-8010311.html
The lender said a stand-off between reluctant sellers and nervous buyers was threatening stagnation for the housing market for the rest of the year.
Its latest figures showed average house prices in the UK fell 0.6 per cent to £161,094 during July and remained completely becalmed over the past quarter.
Some economists fear that worse is to come,
http://www.independent.co.uk/news/business/news/houseprice-crash-fear-as-buyerseller-standoff-leaves-the-market-in-limbo-8010311.html
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Comments
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Why do you recycle these recycled stories from the Daily Wail several times?0
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I am quite surprised at all the doom and gloom in the press today, wonder what has brought all that on?0
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homelessskilledworker wrote: »I am quite surprised at all the doom and gloom in the press today, wonder what has brought all that on?
No amount of Olympic flag waving covers the fact we are drowning in debt.0 -
warwicktiger wrote: »Why do you recycle these recycled stories from the Daily Wail several times?
A few points...
1. This is a discussion board about property, Duh!!
2. The Daily Mail article has only just come out this morning
3. Whether I take any credance in this article is missing the point, this is what the public are reading this morning(at least Daily Mail readers), 2 million of them, along with all the other very negative press this morning.
Sentiment is everything0 -
warwicktiger wrote: »Why do you recycle these recycled stories from the Daily Wail several times?
Sorry
I also meant say this story is not from the Daily wail, it is from the independant0 -
homelessskilledworker wrote: »Sorry
I also meant say this story is not from the Daily wail, it is from the independant
In which case 100,000 people might read it.
Sentiment is everything.
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