Estate agent Haart shows drop of 14% in south-west London in November

chewmylegoff

Crashy_Time wrote: »

So the % of price reductions hasn`t escalated lately?

No idea - have you got any statistics to show that it has or are you just guessing based on a couple of houses you've looked at using property bee?

pwllbwdr

Crashy_Time wrote: »

So the % of price reductions hasn`t escalated lately?

Are you referring to the percentages of houses for sale having price reductions or the percentage of those reductions related to the original asking price? Or some kind of weighted combination?

Do you have figures for this or is it just your overall feel for the market that tells you?

mayonnaise

Joeskeppi wrote: »

Almost feels like an enormous penny has dropped for the resident morons on why asking price reductions don't matter.

You were being exceedingly optimistic there, Joeskeppi.

Crashy_Time wrote: »

Were there asking price reductions a year ago?

Crashy_Time wrote: »

So the % of price reductions hasn`t escalated lately?

Jason74

Joeskeppi wrote: »

Almost feels like an enormous penny has dropped for the resident morons on why asking price reductions don't matter.

To be fair, when used in the right context they do matter. If lots of properties on the market for prices that similar properties have sold for all have to reduce their prices, that is an indication of a struggling market. Likewise, if lots of ambitious prices are being met, that suggests a booming one.

What of course doesn't matter, is when a "kite flyer" fails to acheive their silly price. All drops from prices like that show is that the seller priced wrongly for the local market. There's nothing wrong with looking at what is happening on the ground in a local market to assess the state of that market. The problem starts when someone takes outlying pieces of individual data as "evidence" to support a fixed position, rather than looking at the data as a whole and ajusting their position based on that.

Crashy_Time

pwllbwdr wrote: »

Are you referring to the percentages of houses for sale having price reductions or the percentage of those reductions related to the original asking price? Or some kind of weighted combination?

Do you have figures for this or is it just your overall feel for the market that tells you?

https://forums.moneysavingexpert.com/discussion/5155975




Threads like this make me suspect that sentiment is shifting towards the expectation of lower achievable prices.

wotsthat

Crashy_Time wrote: »

https://forums.moneysavingexpert.com/discussion/5155975

Threads like this make me suspect that sentiment is shifting towards the expectation of lower achievable prices.

The bar you set for such suspicions is so high too.

lisyloo

Threads like this make me suspect that sentiment is shifting

So one young couple make a mistake by buying for the short term and you think that is evidence of a shift????

Buying a house for the short term would be a risk at ANY time.
I don't think you should base your analysis on the expectations of naive people who clearly don't understand the risks.

Is this really what you base your analysis on??

mayonnaise

lisyloo wrote: »

So one young couple make a mistake by buying for the short term and you think that is evidence of a shift????

Barking mad, isn't it?

But funny. :rotfl:

Crashy_Time

lisyloo wrote: »

So one young couple make a mistake by buying for the short term and you think that is evidence of a shift????

Buying a house for the short term would be a risk at ANY time.
I don't think you should base your analysis on the expectations of naive people who clearly don't understand the risks.

Is this really what you base your analysis on??[/QUOTE]


The sentiment of people buying and selling houses? - Yes.


Do you think people considered buying property risky in the run up to `08?

System

It's not hard to quote a post.