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15 Sellers to every Buyer...

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  • 24-06-2008 3:23pm
    #1
    jetski
    Registered Users Posts: 820 ✭✭✭


    The ratio of properties on the market to buyers has doubled to 15-to-one in a year, forcing homeowners to slash prices.

    Only one in every 15 properties on the market were sold last month, according to figures published today (Mon). The oversupply has forced owners to slash nearly £3,000 off the average house price in the last five weeks.

    The average home is now valued at £239,564, a fall of 1.2 per cent. The drop is the first ever recorded fall in house prices in June, which is traditional seen as peak season for

    http://www.telegraph.co.uk/news/2174990/Credit-crunch-15-sellers-to-every-buyer.html


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    #2
    beeno67
    Registered Users Posts: 1,218 ✭✭✭beeno67


    jetski wrote: »
    The ratio of properties on the market to buyers has doubled to 15-to-one in a year, forcing homeowners to slash prices.

    Only one in every 15 properties on the market were sold last month, according to figures published today (Mon). The oversupply has forced owners to slash nearly £3,000 off the average house price in the last five weeks.

    The average home is now valued at £239,564, a fall of 1.2 per cent. The drop is the first ever recorded fall in house prices in June, which is traditional seen as peak season for

    http://www.telegraph.co.uk/news/2174990/Credit-crunch-15-sellers-to-every-buyer.html

    You should clarify by saying this is in UK not Ireland


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    #3
    jetski
    Registered Users Posts: 820 ✭✭✭jetski


    its just struck me as obvious :pac:


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    #4
    beeno67
    Registered Users Posts: 1,218 ✭✭✭beeno67


    jetski wrote: »
    its just struck me as obvious :pac:
    But why post it on an Irish site. It just seemed pointless. How is the South American property market?


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    #5
    DishonestPikey
    Registered Users Posts: 62 ✭✭DishonestPikey


    beeno67 wrote: »
    But why post it on an Irish site. It just seemed pointless. How is the South American property market?

    You can get a small jungle for the price of a 1 bed in clonee.


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    #6
    jetski
    Registered Users Posts: 820 ✭✭✭jetski


    beeno67 wrote: »
    But why post it on an Irish site. It just seemed pointless. How is the South American property market?


    That strikes me as obvious too :p


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    #7
    simon333
    Closed Accounts Posts: 82 ✭✭simon333


    "How is the South American property market" strikes you as obvious? :confused:

    I agree with beeno67.


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    #8
    jetski
    Registered Users Posts: 820 ✭✭✭jetski


    im afraid the uk property market is hugley more relevant to the irish one than is South American...

    Thats strikes me as "obvious too" :o


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    #9
    simon333
    Closed Accounts Posts: 82 ✭✭simon333


    Ok. But why do you say that? There's factors like both being in the EU. But what's the huge link?


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