I forgot to mention the rightmove survey. This showed an average price fall of 3.2% in December alone. While this was distorted by Hips pushing more smaller properties on the market it shows a sharp move in the market.
January should be better as fewer small properties will be on the market but the trend is turning. Price falls are being widely expected in the market. The question is how far and how fast. At one extreme it is possible the falls will be small.
We currently have an over inflated market. If there is no price correction the overhang could last years. In the 1950s house prices fell for 10 consecutive years.
If the price correction is quick we have a chance to get it over with and come out the other side
1 comment:
hiya and welcome ukpropertyprices.blogspot.com owner discovered your site via yahoo but it was hard to find and I see you could have more visitors because there are not so many comments yet. I have discovered site which offer to dramatically increase traffic to your site http://mass-backlinks.com they claim they managed to get close to 4000 visitors/day using their services you could also get lot more targeted traffic from search engines as you have now. I used their services and got significantly more visitors to my site. Hope this helps :) They offer most cost effective services to increase website traffic at this website http://mass-backlinks.com
Post a Comment