Reply to: Oh dear: House prices won't crash

Re: PRC1964

news.bbc.co.uk/1/hi/business/4090860.stm

The number of chartered surveyors reporting falling house prices has reached its highest level for more than 12 years, a survey has said.
The Royal Institution of Chartered Surveyors (Rics) said the balance of surveyors reporting price falls over rises reached minus 49 in May.

Rics added that the number of enquiries from new buyers had dipped recently.

Boom years over

Rics' seasonally-adjusted figure of minus 49 was the lowest balance it had recorded since November 1992.

It said the most noticeable price falls had been seen in the Midlands and Yorkshire & Humberside. Scotland was the only part of the UK to see prices rise.

"The froth has come off the market," said Jeremy Leaf from Rics.

"Choosy buyers can now afford to bide their time as available property has risen by a quarter in the past year.

"Sellers must adapt their behaviour to account for the fact that boom conditions of recent years have come to an end."

Boom or bust then?

Re: PRC1964

Renters are better off in a way because rents are cheap and with a mortgage you end up paying double the cost of the house anyway over 25 years :rollin

The ONLY way to do it is to buy places outright :hat

PRC1964

That’s not what it says here and these are official figures.

www.citywire.co.uk/News/N...onID=74965

Prices went down 0.8% last month

Now what was you saying about renting and losing money because last month the average house lost just under £2k

that'll teach me to read stuff before taking the piss

I can't see what brings you to that conclusion fiddle. Little else has compelled you to be so diligent before offering absurd suggestions!
:rollin

the one thing that could prop property prices up are the combination of low interest rates and high employment levels

Plus Gordon Brown's kind offer to pump billions of pounds of taxpayer's money into shared equity deals for those struggling to get a foot on the housing ladder / Britain's hard-working families *


* delete as applicable, depending on the flavour of the week this week.

I think it'll slump ( crash !? ) anyway but the one thing that could prop property prices up are the combination of low interest rates and high employment levels. Remove either and there will be trouble, it may not come this year, or next year, or the one after that, but eventually it will come and the 30% above trend prices will head back to trend.

Arr, but look at Threaded now after only a few weeks at ladies aerobics and half portions of pork pie.

Nice to see our friend threaded is still an expert on food despite his recent conversion to a healthy lifestyle.

Biriani

"The Prawns are a shrewd and cunning breed. "

That like cocktails, salads, currys :\ Trying to think of other dishes that Prawns go with

bugger

that'll teach me to read stuff before taking the piss

Sister-in-law

The Prawns are a shrewd and cunning breed.

> Your sister is very foolish

Obviously a trait which runs in the Prawn family

Your sister is very foolish on two accounts.

1. For waiting for 5 years
2. For buying now just before a slump! :rollin

Stable interest rates, steady economic growth and underlying confidence in future prospects are expected to limit any price falls, experts say.

Oh. I thought everyone was saying that we're standing on the edge of a precipice