Boss St Bloke wrote:It's a common misconception that house prices, in general, are dropping. What's dropping is the rate of house price inflation.
beingjdc wrote:As for the newspapers, they're the biggest cheerleaders for 'property ladder' there is. Falling prices don't actually make great copy.
janefs wrote:beingjdc wrote:As for the newspapers, they're the biggest cheerleaders for 'property ladder' there is. Falling prices don't actually make great copy.
Tell that to the editor of The Express. When not fixated on Saint Diana, the prospect of a property crash is their next best standby for a headline.
kmitchell wrote:Um, no Beingjdc. House prices have not been "falling by up to around 1% a month for several months". That is such a vague generalisation as to be worthless.
Quote:All anyone can be reasonably certain of is prices over the longer term always show a rise. That term and the size of the increasse are the only variables.
jeje75014 wrote:I can't see prices in SE1 falling anytime soon. The very central location, the walking distance to the City, the relative inexpensiveness compared to other central postcodes (Clerkenwell, Hoxton, etc.) make SE1 a very desirable place to live in for hords of young city bankers and professionnals. Hence all these fancy new developments and warehouse conversions that pop up like mushrooms after the rain.
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