Home owners rush to sell following abolition of home information packs

It's funny how RICS always made a big thing about the 'sales to stock' ratio as a predictor of future price movements when it was going up - but are strangely silent on the subject now...

Just for the record, it fell from 28 to 27, and has been falling almost continuously (bar one month) since November last year.

Looks like they'll have to slash interest rates....er.....hang on a minute....

Does Tony have a vested interest in house price rises. Just a little investigation would have shown the IHPC say that house prices have dropped on the last 3 consecutive months. This is based mainly on Land Registry information. If you are going to report on house prices please use the least biased index, not the most biased, and certainly don't write up your report using statistical information that is meaningless to the reader. What significance is a rise from 19 to 22 if there is no base to compare it with?

With massive spending cuts and rising unemployment just around the corner I expect the supply of houses and flats on the market to rise significantly and for the prices to fall significantly allowing a much needed correction in the price of real estate in the UK.

This ARTICULE (an ARTIcle worthy of ridiCULE) does the very clever job of conceling the basic truth that an increase in the supply of property necessitates a fall in prices... IF vendors are serious about selling.

The TRUTH is that the mortgage market is still restrained compared to the boom years, wages are static or going down, inflation in every other walk of life is sky-high, and buyers are nervous about the prospect of increasing interest rates (and rightly so!).

It's almost as if (as if!) the vested interests don't want buyers to act wisely or intelligently. Buyers need to hold back for a tick and seeing what will happen over the next few months. No rush to buy here. Also the lenders are bearly lending so this "pent-up demand" that the estate agents desperately waffle on about is nipped off at the bud.

Sellers have had their chance to get out of the market (the last TWO YEARS!) following unprecedented and auspicious government stimulus!

Sellers selling now because they were waiting for "the recovery" will find themselves bitten on the bottom as prices now pursue their inevitable collapse. A SUPPLY-LED COLLAPSE! How ironic, sellers MISS THE BOAT.

The smart money is on buying in 24-48 months time as the market reaches its bottom, next peak on cue for 2007+18 years = 2025. See you there folks!

I agree with Anonymous 2 who has put this well. I am involved with property sales and and I suspect that prices are about to collapse. It takes only about 5% of sellers in any market to be distressed to bring the market down and there will soon be a lot of distressed people around as the much needed economic correction in the UK begins.