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House Prices stagnating?
mystic_trev
Posts: 5,434 Forumite
It certainly looking that way for newbuilds.
http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article2046827.ece
Average selling prices for a Bovis home rose by less than inflation to £189,000, only £300 higher than the £188,700 price at the halfway stage last year, the firm said. "These figures reflect a recent slowdown in both visitor rates and in reservation rates," Bovis said.
Bovis's property market dampener followers a string of recent surveys, including from Halifax and Nationwide, highlighting that prices have seriously come off the boil over the past three months.
Five successive interest rate rises since August have hit household budgets and made both buyers and sellers more wary.
http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article2046827.ece
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Comments
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Shock!
Fundamentals.I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
That also means I cannot share in any profits from any decisions made!;)0 -
It's pretty obvious stuff really.
You're bound to get a few idiots responding with the likes of 'house prices only ever go up', 'HPI is great' blah, blah, blah.............. The record is stuck and it's getting a bit tiresome now.
I'm personally of the view that a crash is underway, but this subject has been done to death now.0 -
Ghost_Rider wrote: »The STR garbage will be the long-term losers
Oh, right. Thanks for that insight.0 -
Brolly Bum is back in town!0
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Ghost_Rider wrote: »The STR garbage will be the long-term losers
Patrick ???? Would you care to elaborate? Nah, you never do do you :rolleyes:0 -
I tried to compare us with other places and found this:-
http://www.olis.oecd.org/olis/2007doc.nsf/43bb6130e5e86e5fc12569fa005d004c/05eff66ee40a5e29c12572fe004819a8/$FILE/JT03228921.DOC
not too sure if we compare or not because I am not sure what their tax and housing situation is. If anyone can put it into plain English and do the mathematics we might learn something.0
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