Walk a Kb or Two in my Moccasins- Nobody 'splained it to me like that!

Simple answers to Complex Questions and Complex Answers to Simple Questions. In real life, I'm a Greater-Toronto (Canada) Realtor with RE/MAX Hallmark Realty Ltd, Brokerage. I first joined RE/MAX in 1983 and was first Registered to Trade in Real Estate in Ontario in 1974. Formerly known as "Two-Finger Ramblings of a Forensic Acuitant turned Community Synthesizer"

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Sunday, October 18, 2009

London Agents ‘Sold Out’ as Home Asking Prices Jump to Record

London Agents ‘Sold Out’ as Home Asking Prices Jump to Record

By Svenja O’Donnell
Oct. 19 (Bloomberg) --

London home sellers raised asking prices to a record high this month and led gains across the U.K. as the shortage of properties for sale intensified, Rightmove Plc said.

snip ...
London asking prices have now surpassed the peak reached in November 2007, Rightmove said. The report shows how the credit squeeze, the construction slump and a shortage of properties have combined to skew the U.K. housing market at time when the recession and rising unemployment have hurt affordability.

Recent house price gains may not last, Shipside said.
“The combination of economic hardship, pending taxation decisions and an imminent general election could stamp out the early stages of a housing market recovery,” he said.

complete article


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