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No Crash Say Barratts

13

Comments

  • adr0ck wrote: »
    so you don't agree with me then that prices are falling?

    Eh? "I can honestly say that prices are falling on houses in Gloucestershire"

    So by that I would say that yes I agree house prices are falling... :confused:
    Keep the right company because life's a limited business.
  • alared
    alared Posts: 4,029 Forumite
    House prices are falling all over the country and it`s time people started to come out of deniel.

    The whole greedy industry from EA,builders,banks,solicitors,the government and uncle tom cobley and all, have had a good run to fleece the public (about seven years)and now the end is nigh.
  • adr0ck
    adr0ck Posts: 2,376 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    boinging wrote: »
    Eh? "I can honestly say that prices are falling on houses in Gloucestershire"

    So by that I would say that yes I agree house prices are falling... :confused:

    boinging

    did you actually read my post on this thread?

    or did you just see my name and jump to the conclusion that my comment had something to do with house prices rising?

    are you really that blinkered?
  • Xeno
    Xeno Posts: 39 Forumite
    On the subject of bargain new builds, here in Cheshire I've had negotiators offer 25k off a 275k property and 30k off a 250k property. This was on the first viewing, before I'd even commented on the house. There is surely a correlation between them getting jittery overa crash and completely pulling their pants down on the price.
  • adr0ck
    adr0ck Posts: 2,376 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    my post was about Barretts being so worried about the market that they have almost halved production

    what does that tell you?
  • adr0ck wrote: »
    my post was about Barretts being so worried about the market that they have almost halved production

    what does that tell you?

    That the whole supply and demand argument is complete rubbish. We have plenty of housing... it's just overpriced.
  • adr0ck
    adr0ck Posts: 2,376 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    That the whole supply and demand argument is complete rubbish. We have plenty of housing... it's just overpriced.

    no don't think it does

    and no we don't have plenty of housing, but yes a lot of what we do have is overpriced
  • adr0ck wrote: »
    no don't think it does

    and no we don't have plenty of housing, but yes a lot of what we do have is overpriced

    Rightmove is brimming over with properties... some have been there for months on end.

    Most people don't wan't affordable 'units' buit. i.e. ugly shoeboxes packed together and marketed as 'modern living for trendy people' or such like. People want houses... homes! So you have to ask yourself why these developers have spent the last few years throwing up the derelict apartment blocks of tomorrow. The demand for such properties was driven solely by rampant HPI and the belief that one could make a quick buck, by buying and selling or purchasing BTL. Once this HPI ends (as it has), what happens to these 'trendy' apartments? The glossy brochures might have appealed to the desperate few, but I wonder what these developments will look like in 5 years, once the developers have long gone and there is no shiny marketing campaign to promote them.
  • adr0ck
    adr0ck Posts: 2,376 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Rightmove is brimming over with properties... some have been there for months on end.

    Most people don't wan't affordable 'units' buit. i.e. ugly shoeboxes packed together and marketed as 'modern living for trendy people' or such like. People want houses... homes! So you have to ask yourself why these developers have spent the last few years throwing up the derelict apartment blocks of tomorrow. The demand for such properties was driven solely by rampant HPI and the belief that one could make a quick buck, by buying and selling or purchasing BTL. Once this HPI ends (as it has), what happens to these 'trendy' apartments? The glossy brochures might have appealed to the desperate few, but I wonder what these developments will look like in 5 years, once the developers have long gone and there is no shiny marketing campaign to promote them.

    and planning law had a part to play

    council planning departments had a lot to do with all the flats being built
  • adr0ck wrote: »
    my post was about Barretts being so worried about the market that they have almost halved production

    what does that tell you?
    It could mean that they don't want to have a large stock of unsold houses losing value in a depreciating market.
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