When the National Association of Estate Agents put out a press release yesterday informing us that softening house prices signaled a more favourable market for buyers, I thought the only striking thing about it was that anyone thought it needed saying in the first place. But the comments, at the bottom of this, did better... picking up on the idea of a "buyers' market", and pointing out how far we've come, and in what a strange direction, when average prices around the £200,000 are a playground for buyers:

Its not a buyers market at the moment, its no-ones market.

How on earth can anybody call this a buyer's market? The only people who can afford to buy are those who have already done very well out of rising prices and have the cash. First time buyers have been frozen out completely because of inability to secure a mortgage.

A Buyers market?
First time buyers are holding out for a price drop, or cant afford the current price levels.
Home movers have to sell existing house..
So who are the buyers who can afford this market?

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