There are too many houses on the market

lack of properties was all that was fending off the crash for a couple of years, this could be the start of 25% falls on average.

Prices are not falling. For one month the average prices of houses sold in England have fallen a fraction of a percent after rising back up for most of 2 years.

agreed...the world cup was on and a lot of uncertainty in market

A voice of reason - you should be banned for having a subversive opinion!  The stock market swings every which way with every survey and decision published (and people often interpret the same data differently anyway).  Imho it is only significant if it all points in one direction and there is no obvious reason for that to change which is very rare.  The media have been playing this game with house price surveys for ages, now.  And a fall after months of rises (or vice versa) grabs the headlines.  But it doesn't tell you what next month's data (and headlines) might be.  I like to listen to opinions where I know that the person has something, not nothing, to lose if they are wrong.  So have all you people who are predicting falls invested in the market to fall and have you been doing so for the last 18 months or so whilst prices have been rising?

The media is unbelievable with this Double Dip talk. Central Banks will make it impossible to happen. The UK is implementing the toughest Austerity programme of any country in teh World.

Is it not also ironic that house prices are reported as falling when mortgage approvals are up 18% on preceeding month and up massively on a year earlier?

WHere I am pices are defiantely struggling. Not saying they are falling much, but vendors are being more flexible with their prices, and flats are a nightmare. I reckon they have fallen 5% minimum in the last 3 months in local area

The Market is much more sensitive to local variations in stock levels ..down to much lower volumes versus several years back

What you see happening in your area is what is actually happening ... trends are much more localised than in the 'one direction' mass volume days of the early and mid noughties.

If you reacted to macro trends published by the various bodies in the last 2 years then at best you'be dizzy ..at worst youd be sectionned

dont need to double dip for pain, although i think we will, no growth is as bad as negative growth, as for houses, i have sold 2 in 2 years, south wales, 1st one up for 109,995 went for 85, second one, a flat, much better but asked for 72, got 68, those are still falls tho however you look at it, 1st offer on flat was 64 luckily got a guy who really wanted the place.

The media is unbelievable with this Double Dip talk. Central Banks will make it impossible to happen. The UK is implementing the toughest Austerity programme of any country in teh World.

even though this is the right policy for the longer term it is surely more likely to lead to a double dip recession in the short term as government spending/waste drops out of the gdp figures.

It's a strange sort of austerity where a Government plans to borrow and spend £150billion above its income, in fact public spending is forecast to rise this year!
Where is this AUSTERITY they keep talking about?