House sales fall worst in 30 years, says RICS

The number of houses changing hands has "collapsed" to the lowest level in 30 years, an influential housing market survey shows today.

RICS UK housing market survey, May 2008 [PDF Format]

The fall in sales far exceeds the depths of the last housing crash in the 1990s and is the lowest since records began in 1978.

	The credit crisis has pushed up the cost of mortgages and first-time buyers need to find deposits of upto 25pc

The average number of houses that estate agents sold in the past three months was 17.4 - almost a third lower than a year ago, says the Royal Institution of Chartered Surveyors (RICS).

Its report also says that gazundering, the controversial practice of buyers dropping their offer price after they have agreed to purchase a property, has returned.

While prices have started to fall in earnest only in the past two months, the report makes clear that the property market is in a dire state.

Buyers are refusing, or unable, to hand over any money to purchase a house.

"The continuing lack of demand in the housing market is reflected in the collapse in transactions," says the report."

All these puerile naive childish media stories are just part of the media game of "build 'em up"then "knock 'em down".Like a child in a nursery builds up a tower of toy bricks then in one sweep joyously knocks it apart.
You could recognise it when the media-with straight face stroked the egos self righteously of the Sunday Times and Observer reading crowd with constant stories about how richer they were getting through house prices.
Yet as they wrote and published these stories which they knew to be very short term it was with tongue in cheek.
"Theyve fallen for it!"you can hear the editors exclaim.
Yous see the newspapers really hate just about everybody.
As the big stupid egos of the middle class became inflated they became unseeing to what lay just ahead.
But the media could see it.
Now its game over and the media heaps on the gloom and doom with sadistic joy.
Putting in the boot with hosue price crash stories to the "mugs"that they "wound up"in the first place.
What a sick game!
Its because media people are mostly themselves neurotic and sick.
Their continual obssessive questioning like an insecure adolescent.
Their pompous egos.
Their silly little attention on air.seeking games.
Their infantile attempts to get "callers"as if to prove that someone is actually listening to them.
Is that why they end up hanging themselves from Stations?
Take Steve Allen for example.He runs a radio show.He affects a lisping non stop chattering effeminate "bitchy"stance.He is rude about everyone.Theres something very psychologically wrong with this guy.
The media always have this sneaking suspiccion that soemwhere someone is having more fun then them sitting in a hot studio reading out depressing garbage all day-this riles them.It adds to their sneaking suspicion that they might be "no bodies"stuck in a "dead end "post as traffic announcer or news reader whos name no one remembers until they reach 60 and are made redundant-oh well it was the closest to being a Hollywood celebrity they got-at least the pay was quite good-I mean 6 million people heard MY VOICE MAN!

I WAS NOTICED!Yeah?
Man your photo isnt even selling on E Bay for 99p.No bids.
Surely UK media jobs are the very definition of compromise nothing ness?

Yes David Icke describes the Media as very naive.They frequently make factual errors in their reporting-mispelling of names,ages got wrong,roads mispelt,dates erroneous.