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Old 26-01-10   #18
wiseman is offline wiseman
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Default Check the volume growth. Then you will know the truth!

Folks,

Quoted prices swing wider than actual sale prices. The only way to be sure that sale prices have not actually firmed up (or have a reason to firm up) is to check registration numbers and see if a rough comparison can be made with for-sale inventory.

This is easily done in the US and other developed countries (which is why they are called developed), but much harder here.

If prices are being talked up despite volumes not going up much, you cn safely assume this is only a (desperate) gamble by builders.

In any case, 2010 is likely to be a hostile year for builders and we will see how they can handle it without bringing down prices!

cheers
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