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Lower offer days before Exchange and Completion

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  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    POPPYOSCAR wrote: »
    Taken from the article

    “Prices are still rising, but at a slower pace than inflation, and now that unemployment has reached a record low it’s only a matter of time before interest rates climb back up again. The savvy buyer will act now before prices begin to rise at a faster pace.
    “With nine buyers chasing every instruction across the UK, 15 across London, and as we are seeing almost 100% of asking prices achieved across many of our London branches, it is impossible to deny that the demand to buy is there.”


    So you think house prices will start to climb after an interest rate rise?
  • POPPYOSCAR
    POPPYOSCAR Posts: 14,897 Forumite
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    Crashy_Time wrote: »
    So you think house prices will start to climb after an interest rate rise?

    Never said I did.

    I was quoting from the article you provided a link to.

    Quite Ironic, you posting a link to back up your position when in fact it does exactly the opposite!
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    POPPYOSCAR wrote: »
    Never said I did.

    I was quoting from the article you provided a link to.


    My interest in the article was the 10% drop, not the EA warbling complete nonsense at the end of it, the bit you happened to quote. Why did you quote that sound bite if you don`t think it is factual?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    POPPYOSCAR wrote: »
    Never said I did.

    I was quoting from the article you provided a link to.

    Quite Ironic, you posting a link to back up your position when in fact it does exactly the opposite!


    So a sound bite (of complete nonsense) from an EA cancels out the 10% drop quoted in the article?
  • POPPYOSCAR
    POPPYOSCAR Posts: 14,897 Forumite
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    Crashy_Time wrote: »
    My interest in the article was the 10% drop, not the EA warbling complete nonsense at the end of it, the bit you happened to quote. Why did you quote that sound bite if you don`t think it is factual?

    Hilarious!!!
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    POPPYOSCAR wrote: »
    Hilarious!!!


    It is not a positive article for property prices any way you try to spin it, and most people reading will just laugh at the EA nonsense, and cheer on the time when letting fees get banned, ......but what effect do you think rising interest rates will have on prices?
  • POPPYOSCAR
    POPPYOSCAR Posts: 14,897 Forumite
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    edited 22 September 2017 at 3:24PM
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    Crashy_Time wrote: »
    It is not a positive article for property prices any way you try to spin it, and most people reading will just laugh at the EA nonsense, and cheer on the time when letting fees get banned, ......but what effect do you think rising interest rates will have on prices?

    No most people will read the whole article and take it all in context.

    You should change your username to DoomandGloom.

    Interest rate rises will be a gradual thing the last thing the government could cope with would be a mass of repos although undoubtedly there will be some.

    The demand for property will always be there, people will always need a roof over their head.

    Historically prices have fallen back slightly at times but they have always recovered and grown exponentially.

    Most people in the housing market are in for the long haul anyway.

    But anyway, we are not at that point and it remains a sellers market contrary to what you are saying.
  • PField
    PField Posts: 89 Forumite
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    Far more people take up fixed deals rather than trackers these days. 5 and 10 yrs fixes are now much more common. Easy to insulate yourself from Bank rate rises.
    Rents on the other hand just go up.
  • POPPYOSCAR
    POPPYOSCAR Posts: 14,897 Forumite
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    PField wrote: »
    Far more people take up fixed deals rather than trackers these days. 5 and 10 yrs fixes are now much more common. Easy to insulate yourself from Bank rate rises.
    Rents on the other hand just go up.

    Yes, very true.

    Only yesterday our son was saying that when his 2 year fix comes to an end he will fix for 5 years next time.
  • martinsurrey
    martinsurrey Posts: 3,368 Forumite
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    Crashy_Time wrote: »
    It is not a positive article for property prices any way you try to spin it, and most people reading will just laugh at the EA nonsense, and cheer on the time when letting fees get banned, ......but what effect do you think rising interest rates will have on prices?

    Every single time someone say they have "sold their house" you ask if its completed or just offer accepted as you don't accept offer accepted as sold.

    But now you are hanging your hat on EA asking prices!

    http://www.nationwide.co.uk/about/house-price-index/headlines

    nationwide is still 2.1% up YoY for August.
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