Henry Pryor

“Price is what you ask, value is what you (eventually) get”

“Price is what you ask, value is what you (eventually) get”

There’s been a lot of talk this past week of the third of all homes on the market that have had their asking price reduced at least once. Reading apparently is where this is happening the most and on the big website Zoopla you can see evidence of these reductions displayed for all to see. I maintain that the asking price is usually just an indication […]

Ignore asking prices

Ignore asking prices

I frequently remind people that there are no rules or laws covering what you can ask for a property. I tend to assume that what I see quoted is either an indication of the greed of the owners or a demonstration of the agents enthusiasm to get the job. A guide price isn’t a “if you offer me this then I’ll sell it” figure, it […]

The Leasehold Scandal

The Leasehold Scandal

After much hard work and pressure from the likes of Sebastian o’Kelly and others the scandal of leasehold houses and the abuse of the system has caught the public attention. Speeches by Peter Bottomley in the House of Commons and newspaper articles have all shown the worst excesses and there have been a lot of case studies that have come forward to highlight the issue. […]

Ten years of commentary

Ten years of commentary

It was a slow New Year when the FT filled a valuable space on page 3 with my musings on the state of the market that led to my first interview in January 2007 on the Today program. Through the Credit Crunch, the coalition Government, three General Elections, Autumn Statements, Budgets, changes to tax, the introduction of Help to Buy I’ve been invited to comment […]

RiCS monthly housing survey

RiCS monthly housing survey

Every month we get data from various organisations about the health of the housing market, on asking prices from Rightmove, from the ONS on sale prices, both the Halifax and Nationwide give a lenders perspective and we get data on mortgage advances from the Bank of England and the Council of Mortgage Lenders. We also get what I would describe as a ‘sentiment’ survey from […]

Stamp Duty changes failed to depress the market

Stamp Duty changes failed to depress the market

You may have read headlines warning that the changes to Stamp Duty in England and Wales would knacker the market and that we could expect to see a fall in SDLT revenue to the Exchequer. Headlines last year mirrored comments made on the Today program last December which I challenged at the time. HMRC has now published the latest quarterly statistics and the talk of […]

Half time in the housing market.

Half time in the housing market.

The latest statistics have been published by Rightmove, Land Registry, Hometrack and HMRC but what do they tell us about the state of the market and where next for house prices and for transaction volumes? It’s half time in the 2017 housing market, how have we coped with the Referendum, with the snap Election and what does the future hold?    

Market update – June 2017

Market update – June 2017

Sellers forced to offer discounts.

Sellers forced to offer discounts.

I’ve been warning of a slowing market for some time now but there is growing evidence that it is now harder to sell your existing home than it may be to buy the next one. I was kindly quoted by James Pickford back in May talking about the frustrations than some sellers and their advisors were encountering. As I said to James, “Remember that as a […]

What the papers say..

What the papers say..

Property has been all over the news in the past month and the papers have asked for comment;- As the market hardens so sellers resort to ever more imaginative ways of trying to flog their home. Most simply refuse to accept that their property might be worth less than they had wanted and many of these wacky ideas are actually more complicated than they might […]