House Price Crash followed by recession... Watch this great video now !


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T

Tom Sacold

Crowley said:
Do you think there will be a house price crash ?
What about a recession ?

Watch this video now for the answers......

http://www.parkerchris.pwp.blueyonder.co.uk/vocationvocationvocation.html
Prices are falling here in the South East. Houses in our nice, quiet,
middle-class, 4-5 bedroomed detached, very desirable part of Essex are now
being priced at the level they were two years ago. The really big increases
of 2003 - 2004 have almost all been reversed.

This is a house price depression not recession.
 
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T

troysteadman

Tom said:
Prices are falling here in the South East. Houses in our nice, quiet,
middle-class, 4-5 bedroomed detached, very desirable part of Essex are now
being priced at the level they were two years ago. The really big increases
of 2003 - 2004 have almost all been reversed.

This is a house price depression not recession.
That's what I thought (we are in SW London) but I've had to reverse my
opinion. House *prices* - those advertised - have slumped but houses
round here never sold at those ridiculous kite-flying prices.

The "For Sale" signs outnumber the "Sold" signs 10:1 but people *still*
aren't selling cheap, they are staying put. The Nationwide calculator:

http://www.nationwide.co.uk/hpi/

....is broadly correct. House prices are climbing quarter by quarter in
Greater London, only two quarters in the last year and a half have seen
falls! If you want to check *your* area you can do it on a street by
street basis here:

http://www.nethouseprices.com/
 

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