Agents say market crash is not over yet...

27 April 2009

2408 Reads
5 Comments

Written by rosalind renshaw

Estate agents expect further price falls over the next three months, a survey of 364 practitioners has revealed.

However, the poll by Propertyfinder also says that agents report transaction levels up 12% from January. They expect them to rise another 9% by June.

The poll also reports that newly marketed properties are currently taking an average of five weeks to attract an offer, down from the seven weeks in January.

Comments

- rich
They probably asked 300 surveyors who are always 12 months behind and have no idea what the market is doing from one day to the next.
- 27 April 2009 15:14 PM
- Paul Forsey
Quite agree - there is a demand and sensibly priced properties can attract buyers. Any upturn in the maket can be attributed to (1) The time of year, as Spring is traditionally when people house hunt, and (2) Properties being offered at a realistic prices, as they have either just come on the market and are priced to allow for this or have been substanially reduced from a previous asking price that did not really take this into account.
- 27 April 2009 15:08 PM
- martyn cox
Spot on David. Simples!"!
- 27 April 2009 14:33 PM
- Jolly Hockey Sticks
Go On David! I'm with you on that, for goodness sake, we've all had enough of statistics, let's just get on with our busier lives now the market's actually getting better.....
- 27 April 2009 13:41 PM
- David Clark
I'm almost sick of statistics! I bet the general public are even more confused. There is activity that wasn't there in late 2008, that has built from January 2009. Properties that are realistically priced are finding buyers. Does it have to be more complicated than that?!
- 27 April 2009 12:29 PM