[Rubber Duck]

Originally Posted by touchring

Traffic increase has increased the resistance to sell.

But i would expect that this situation may change towards the end of this year or maybe next year only. With slumping asset prices, flippers might want to buy that house at half price, or one third price, etc. You can't live in a domain...

Well those that buy this year are going to be disappointed if they think property is going to bounce back next year. This cycle is going to take ten years to play out and things are going to be pretty flat for the first five. No you can't live in a domain but you can rent. Also moving up is tough in a recession because it the property at the bottom that just won't sell. There is just so much of it and Sellers cannot drop prices because banks won't let them sell below the value of the debt. At the top end it is mainly cash deals so things are a little more flexible.