UK Landlord Forum / Life

Quote
Property prices are flattening out, but the huge dips have yet to materialise and most people are pretty happy about the market cooling off a little.

There is one less than obvious sign though that perhaps we should be paying a little more attention to. It's squishy and made of leather, and many of us have one or would rather like one. What am I talking about? The leather sofa. It's a key, iconic, piece of furniture and the way it sells could be as good, if not a better, economic indicator than anything else. The worrying thing is that sales are right down. Land of Leather is one of the biggest suppliers of these choice items in the country and orders have plunged 25.5 per cent in just two months. For lots of people the luxurious lick of leather will have to wait.

Full story: http://www.channel4.com/blogs/page/4homes?entry=is_your_lumpy_sofa_a&intcmp=rss_4homes_4homes


It's an interesting theory. But I'm not convinced that it's a "key indictaor"
I don't think the majority of sofa consumers are property investors, but moreso the average person looking to upgrade their current sofa.

I think it definately reflects on the credit crunch issue, perhaps people can 't splash out on sofas right now. But as for indicating anything beyond that, it's a little too, well....wishy washy.