Estate agents: it's not a crash

[AtW]

Britain’s estate agents are insisting that the property market isn’t about to collapse.

They’re arguing that the 3.2% drop in prices during May and June is a ‘reset’, and that demand will pick up now that the economy is reopening - and house viewings are allowed again.

UK house prices fall as Covid-19 job losses surge - business live | Business | The Guardian

[jamesbrown]

[DealorNoDeal]

BoE economist and estate agents say everything is going to be fine.

Nothing to worry about then.

[AtW]

Boris will build 40 mln detached 6 bedroom US style houses, with front parking for all.

[GigiBronz]

the rich need time to take some of their money out.

For those that have seen "The big short" and the scene with Mark Brown seeing a neighbourhood with the estate agent...

https://www.youtube.com/embed/PgGLgygsqus

[Excursion UK]

I'm hoping that some of us who own country properties may even see demand rise if some of the articles I've been reading about people wanting to get the hell out of the cities are true.

[scooterscot]

the rich need time to take some of their money out.

And they need to wait for the retail to invest their stimulus cheque on bankrupt companies like Hertz.

Bankrupt Hertz targets Robinhood traders in plot to dump $1 billion in stock

Interesting fact, across all income groups ( $40k to $400k annual incomes), ~70% invested their stimulus in Robinhood stocks like Hertz.

There's a reason capitalism continues to thrive. It feeds on the financially uneducated.

[scooterscot]

I'm hoping that some of us who own country properties may even see demand rise if some of the articles I've been reading about people wanting to get the hell out of the cities are true.

Already you can pick up some bargains - not my taste, but o/o £725k for this scale of property in the Scottish borders - cheap cheap. Or a 30m sq kabab shop in the city for the same price.

6 bedroom equestrian facility for sale in Orchard House, Hawick, Roxburghshire, TD9, TD9

[PCTNN]

Already you can pick up some bargains - not my taste, but o/o £725k for this scale of property in the Scottish borders - cheap cheap. Or a 30m sq kabab shop in the city for the same price.

6 bedroom equestrian facility for sale in Orchard House, Hawick, Roxburghshire, TD9, TD9

or a small 2 bedroom basement flat in stockbridge edinburgh. it's insane

[scooterscot]

Mad mental.