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

Bubble_and_Squeak

saguk1234 wrote: »

http://www.businessinsider.com/uk-property-prices-largest-decrease-ever-2014-8#comments

juicy, junior, real juicy!
but lets not get too aroused just yet
methinks october will be the defining month

Crashy_Time

http://www.hamhigh.co.uk/home/property/camden_and_haringey_see_significant_drop_in_house_prices_in_august_1_3730722


"This summer has also seen a surge in the number of properties put up for sale, with a 20 per cent rise on the same period in 2013, meaning supply has increased at a time when demand traditionally goes down."

Crashy_Time

Bubble_and_Squeak

Crashy_Time wrote: »

http://www.hamhigh.co.uk/home/property/camden_and_haringey_see_significant_drop_in_house_prices_in_august_1_3730722


"This summer has also seen a surge in the number of properties put up for sale, with a 20 per cent rise on the same period in 2013, meaning supply has increased at a time when demand traditionally goes down."

the old supply and demand gambit

Crashy_Time

Bubble_and_Squeak wrote: »

the old supply and demand gambit

Yep, obviously there are not enough homeless in the UK to boost the demand side of the equation any more.

wrkactjob

Have been monitoring a Bellway/Barratt development for 4 months...things are grinding to a slow halt now....sales enquiries are drying up and a planned second phase release has been delayed.

Must mean something and I'm not falling for the "brick shortage" tale.

Willem-de-Blois

wrkactjob wrote: »

Have been monitoring a Bellway/Barratt development for 4 months...things are grinding to a slow halt now....sales enquiries are drying up and a planned second phase release has been delayed.

Must mean something and I'm not falling for the "brick shortage" tale.

I was speaking to a clerk of works for a housing association who visits various large housebuilder developments every day.

He says that the site managers have been told by their directors to build, build build. He mentioned both a shortage of materials and labour and even more corner cutting than usual.

Crashy_Time

Willem-de-Blois wrote: »

I was speaking to a clerk of works for a housing association who visits various large housebuilder developments every day.

He says that the site managers have been told by their directors to build, build build. He mentioned both a shortage of materials and labour and even more corner cutting than usual.

Is this him?

saguk1234

What no arguements from the HPI nutters? Crashy was right. Its gonna crash and crash bad (with any luck)!!

ukcarper

saguk1234 wrote: »

What no arguements from the HPI nutters? Crashy was right. Its gonna crash and crash bad (with any luck)!!

The jury is still out if you read back through the thread most people are not surprised asking prices are falling back but that's a completely different thing to a full scale crash and even if they fall 50% crashy will till be out of pocket.