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Monday's Rightmove figures show 2.6% fall
BettiePage
Posts: 4,627 Forumite
http://www.rightmove.co.uk/pdf/p/hpi/press/HousePriceIndex17September2007_0471.pdf
Note that this is supposed to be under embargo until Monday. Oops!
With thanks to HPC and GHPC
Rightmove· Average asking prices fall 2.6% (£6,298), as Home Information Pack implementation distorts the market
· Average price drop exacerbated by 41% slump in 4+ bedroom property numbers;the high end of the market
· Lowest September for new sellers since 2004
· Average stocks per estate agent remain static as low listings matched by low buyer demand
Note that this is supposed to be under embargo until Monday. Oops!
With thanks to HPC and GHPC
Illegitimi non carborundum.
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Comments
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I thought they must be struggling a bit, they are advertising on the radio LOADS, and id never heard of them advertising on radio before ( seen TV and billboard/ newspaper ads tho, think they are standard):beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
BettiePage wrote: »http://www.rightmove.co.uk/pdf/p/hpi/press/HousePriceIndex17September2007_0471.pdf
Rightmove
Note that this is supposed to be under embargo until Monday. Oops!
With thanks to HPC and GHPC
You don't want to listen to those nutters. What do they know?
House prices only go UP.
In fact they double in value every 7 years don't you know?
dolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
My local radio is full of ads about Inside Track or buying holiday villa's. :rolleyes:Illegitimi non carborundum.0
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I only listen to Radio Four
*inserts head up own bottom*"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
No, no, no! You've got it all wrong! I was told today that property has never gone down in price before and never will. Well, they have been in the same house for over 30 years.dolce_vita wrote: »This is the beginning of the end. I recognise it from last time around.
And believe me - it isn't different this time.
Even the fact that a family member had saved £20k so far and STILL didn't have enough for a deposit didn't ring any alarm bells for them.
I just kept quiet, I find it best not to antagonise people Illegitimi non carborundum.0 -
BettiePage wrote: »No, no, no! You've got it all wrong! I was told today that property has never gone down in price before and never will. Well, they have been in the same house for over 30 years.
Even the fact that a family member had saved £20k so far and STILL didn't have enough for a deposit didn't ring any alarm bells for them.
I just kept quiet, I find it best not to antagonise people
I work out what mortgage payments they'd need to pay at their houses curent value. Its the only way to open their eyes.
Tends to open their mouths too.................... as their chin hits the floor
I too remember the last house price crash, and whoever up there ^ said it is'nt different this time? well your wrong mate cos it is.
This time we have 1.3 trillion quids worth of debt too 0 -
Ahh...but interest rates are not going to go up any further (despite being at an approximate historical average now) because 'they' won't let it happen. Silly Nelly!I work out what mortgage payments they'd need to pay at their houses curent value. Its the only way to open their eyes.
Tends to open their mouths too.................... as their chin hits the floor
I too remember the last house price crash, and whoever up there ^ said it is'nt different this time? well your wrong mate cos it is.
This time we have 1.3 trillion quids worth of debt too Illegitimi non carborundum.0 -
Ok. I get that fact that a lot of people seem to think there will be a crash. I don't understand why certain people always come across as so smug about it?
Anyway, doesn't that report suggest that the sudden downturn this month is due to HIPS... and doesn't that make sense? Wouldn't people who were going to put their houses on the market, put it on before the HIPs came in? Thus, leaving a lull soon after they did come in???
Just a thought.0 -
BettiePage wrote: »Ahh...but interest rates are not going to go up any further (despite being at an approximate historical average now) because 'they' won't let it happen. Silly Nelly!
FWIW, Big Bank reckons no change in base rates this year and one cut next year.
They also reckon on declining volitility in equity, bond and money markets (but still higher than over the past 2-3 years) and a continuation of the credit crunch despite easing liquidity. They reckon the skeletons need to come out of the closets - a process that'll take a year or more.
As far as I can tell they don't take a view on the UK house market as a rule. There is the odd bit of stand-alone research.0 -
Wouldn't HIPs be a handy thing to blame? Just a thought.MikeLondon wrote: »Ok. I get that fact that a lot of people seem to think there will be a crash. I don't understand why certain people always come across as so smug about it?
Anyway, doesn't that report suggest that the sudden downturn this month is due to HIPS... and doesn't that make sense? Wouldn't people who were going to put their houses on the market, put it on before the HIPs came in? Thus, leaving a lull soon after they did come in???
Just a thought.
As to smugness, have you never met a smug BTLer?Illegitimi non carborundum.0
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