Hutch

Hmmm - not nice reading for those of us thinking of or trying to sell up.

http://news.bbc.co.uk/1/hi/business/4396061.stm

bridiej

I know, trying not to think about it and just hope it's a "hiccup"

gajjitt

Yup a bugger isn't it? Let's just hope it is just a hiccup indeed. Viewings are rolling in, but not an offer yet. :scared:

ahoy

yes, i saw the scare mongerers gloating over this on bbc business news this morning. the bloke on there loves to dis the housing market to get in with his cronies in the city. well that's how i choose to see it. and besides, the 'sharp drop' was a whopping 0.06%. damn i've lost everything. we've all just been saying how quiet the market went over easter so its not that surprising. i refuse to be downhearted and send you all positive vibes.

webgum

a gentle slow down can't be that bad - better that than a full on 1990's style crash. Houses are still selling, just not at a frenetic pace.

Amazulu

Exactly, a friend who is an estate agent say's that the market in our area has picked up over easter. Let's just see what happens.

eatstatic

Estate agents will say whatever saves their parasitic behinds, turkeys don't vote for Christmas!

I believe the property market is now entering a full on crash, with 30% falls within the next year a very likely outcome. When houses treble in 6 years, yet wages only increase by 20%, then the maths do not stack up.

As I have stated before (yet now think it may be too late). If anyone here wishes to sell before mass panic sets in, then slash 20-30% of the stupidly inflated price given to you by unrealistic Estate agents. Otherwise many of you may still be on this board whinging over no buyers in a year or mores time.

A final note, for the sellers now whinging about not getting full asking price, just ask yourselves how much your house has "increased" and why a first time buyer at the bottom of the chain should saddle themselves with a unrealstically high mortgage (usually with parents money for large deposit) for a poxy rabbit hutch, in order to boost your bank balance?

The younger generation of buyers are waking up to the unfair con, tough luck for greedy vendors, the bubbles bursting!

NKSK

Your thoughts may be correct but there's a chance that you may be over-egging the figures.....

Some price predictions: 2005
#
CrystalCML: 4%
# Haart estate agents: 3-5%
# RICS: 3%
# Nationwide: 2%
# FPD Savills: 2% in 2005, 2.7% in 2006, 3.8% 2007
# CEBR: Up 1.3% in 2005, down six per cent in 2006 and down 2.7 per cent in 2007
# Halifax: -2%
# Capital Economics: Down seven per cent this year and by 20 per cent over the next two-and-a-half years.
# Barclays: Down 20% over next two years