'We've reached a tipping point' Signs of house price weakness

HAMISH_MCTAVISH

Haart said the national picture remained robust nonetheless, following an average 8.1% rise in prices across the UK, but the increase in sellers and decline in buyers would moderate price rises and take the heat out of the London and the south east markets

So an increase in prices is drawing more supply into the market, exactly as predicted, and also moderating the rate of price growth as there are only now 10 buyers chasing each property instead of 14.

Seems like a textbook case of supply and demand working exactly as it always does to set prices.

saguk1234

The future is bright the future is crashing!

wotsthat

saguk1234 wrote: »

Instead of living in the past we shall see what the future brings.

Another month of renting and hoping on planet crash?

It's pretty obvious why you don't want to look at the past.

saguk1234

Most definitely yes!! I may not have to wait too long.

:j:j:j:j

Rota

saguk1234 wrote: »

Most definitely yes!! I may not have to wait too long.

Wanna bet? You obviously like to gamble.

Prices set to slow and crashing are 2 very different things.

From the same paper, or did you miss this one? "Its full steam ahead".

http://www.theguardian.com/money/2014/aug/11/june-mortgage-figures-property-market

http://www.bbc.co.uk/news/business-28738343

wotsthat

saguk1234 wrote: »

Most definitely yes!! I may not have to wait too long.

How long have you been waiting so far?

gbsilp

wotsthat wrote: »

Lucky you. Just waiting for a real terms crash of 35% before you buy and not having to pay rent during the wait.

As you will see elsewhere on the forum, I am selling my house and just took a hit on my sale price and immediately passed it up the chain without quibble. I'm already "making" money on reduced stamp duty......

So, are there any incorrect assumptions about me you want to get out of your system?

Rota

padington wrote: »

9.5 buyers chasing every property isn't exactly low demand.

He doesn't read the article. You just read the headline and start posting. :rotfl:

wotsthat

gbsilp wrote: »

As you will see elsewhere on the forum, I am selling my house and just took a hit on my sale price and immediately passed it up the chain without quibble. I'm already "making" money on reduced stamp duty......

So, are there any incorrect assumptions about me you want to get out of your system?

Well if you're selling, not buying until prices fall by 35% (real terms) and you're not renting where are you going to live?

gbsilp

wotsthat wrote: »

Well if you're selling, not buying until prices fall by 35% (real terms) and you're not renting where are you going to live?

Which bit of "passed it up the chain" do you not understand? You need to lose your mental caricature of me as a 40 year old who lives in my parents' box room.....