House Property Prices - Is the media causing optimistic asking prices?

May's property market looks like we are heading into a more stabilised market for the rest of 2010, so sellers need to sell this summer, or are likely to have to drop prices by September if not sold. Sellers are either pricing their properties fairly from the start and selling within eight weeks, or they are over pricing them and then sitting on the market for weeks on end.

Currently, there is a real danger that media 'stories' suggesting property prices are on the up (which are just verbatum reports from press releases from the likes of Nationwide, Halifax etc) are causing optimistic asking prices by sellers. BE WARNED, sellers that over price will sit on the market for months. In this market, opt for the auction model - price low, get buyers to compete for your property to get the highest price!

READ ON for my latest property market update and analysis.

Property Price News - Are we heading for the dreaded 'double dip'?

April's figures back up our forecast that the second half of 2010 will show house price growth curbed. To date, property price news reports have been comparing 2010 versus a poor performance in 2009, from April 2009, the property market showed signs of recovery. As a result, it's much tougher for the figures to show a growth versus last year as sales, prices and the number of buyers has clearly slowed down.

Does this mean we are heading for the dreaded 'double dip'? READ MORE to find out!