sales are up! why?

lostinrates

annie123.....I wonder if you'll get some last minute ard bargaining from those who've had offers accepted?

annie123

lostinrates wrote: »

annie123.....I wonder if you'll get some last minute ard bargaining from those who've had offers accepted?

I wouldn't be surprised on a couple of them. one owner has already said he will drop another few thousand if needed...did make me wonder if he knew something was going to turn up on survey:rolleyes:

bjm81

mr.broderick wrote: »

Surprised ? I'm not. Did the members here really think houses would continue to tumble and no one buy? The British public just can't help themselves, they've come down a bit so now we'll buy. This time next year we'll be back to peak.

Like I told you before - in the main, house puchases are not falling because people are chosing not to buy; they are falling because the funds available to them have been dramatically reduced. Have you not been following the mortgage approval numbers? Approvals are about half what they were last year. Prices are a direct function of the credit available. Until lending criteria returns to the pre-crunch levels we will not see a return to the 2007 peak prices (in terms of income multiples).

Another factor to consider in assessing your optimistic prediction above is the state of the UK economy, unemployment, GDP, sterling etc etc. Basically UK plc is fcuked. Alistair Darling even said so! And I reckon that when the Chancellor is making predictions as dire as this then things really are going to be rough. House prices have dropped 11.5% from the oct07 peak (nationwide) already. Unemploymnent is just about to kick-off. Sterling has dropped and is still dropping making imports increasingly expensive. Price rises are coming thick and fast. As I asked you in my earlier post - just where do you think folk are going to get the extra money to push prices back up??

You said you would hold me to account on my post a year on. Well we are 3 months down the line and I stand by my predictions. GDP has now ground to a halt.
I suggest you actually try looking at whats happening in the real world regarding the state of this country. No doubt you have a vested interest in the debt fuelled, consumer driven, house flogging branch of the 'economy' and so can not see it.

Let's rendezvous in 9 months time to compare notes!

annie123

just to update on my first post
now 4 sales left, the rest buyers have withdrawn citing newspaper reports, guess it was the lack of media coverage whilst the olympics was on that made some feel safer buying again

pickles110564

mewbie wrote: »

Do you think they are owners or renters who are moving?

:rotfl: How often do renters use moving firms?
They normally skip out of the door in the dead of night with their black bags in tow.

Gangstabird

justpurchased wrote: »

:rotfl: I am sure you all by the FT every day:rotfl:

I am sure you all buy it (sorry being pedantic). My shares have fallen considerably recently.

Gangstabird

ManAtHome wrote: »

Depends how much dosh you have for the deposit...

I haven't read the rest of this but had to comment (me & my big gob);

Seriously if you were buying a house and you had a big deposit, but the surveyor told you it was worth less (and he is doing this every day, several times a day). Would you still go ahead with it?

Unless you are a builder who knows about these things. I wouldn't.

Gangstabird

Ahhh the end of the thread. I am pleased that people are still buying at a lower rate. This madness has ended and it's getting back to normal. The people who need to move will move, you will not have all of the amateur BTLS getting in and pushing the market up. I don't think the market has fallen to it's lowest by any means, but there are people in situations that have to buy/sell.

The big thing that I would be concerned about is can you afford your mortgage if you lose your job (idiot question maybe) but also can you afford to heat it, run your car, pay insurance etc. These are the things that have gone up. What about food etc...........it's the other things at the moment that are making people tighten belts.

mewbie_2

pickles110564 wrote: »

:rotfl: How often do renters use moving firms?
They normally skip out of the door in the dead of night with their black bags in tow.

We have just used a removal firm to help my eldest son move to University, where he (mainly we!) will be renting a place. I assume a lot of people (STR's, wanna be STR's, and simply professional renters) with their own decent furniture would use a removal firm to move between quality unfurnished properties.

But I guess your perception of a rental market is rather more down beat than that.

mr.broderick

bjm81 wrote: »

Like I told you before - in the main, house puchases are not falling because people are chosing not to buy; they are falling because the funds available to them have been dramatically reduced. Have you not been following the mortgage approval numbers? Approvals are about half what they were last year. Prices are a direct function of the credit available. Until lending criteria returns to the pre-crunch levels we will not see a return to the 2007 peak prices (in terms of income multiples).

Another factor to consider in assessing your optimistic prediction above is the state of the UK economy, unemployment, GDP, sterling etc etc. Basically UK plc is fcuked. Alistair Darling even said so! And I reckon that when the Chancellor is making predictions as dire as this then things really are going to be rough. House prices have dropped 11.5% from the oct07 peak (nationwide) already. Unemploymnent is just about to kick-off. Sterling has dropped and is still dropping making imports increasingly expensive. Price rises are coming thick and fast. As I asked you in my earlier post - just where do you think folk are going to get the extra money to push prices back up??

You said you would hold me to account on my post a year on. Well we are 3 months down the line and I stand by my predictions. GDP has now ground to a halt.
I suggest you actually try looking at whats happening in the real world regarding the state of this country. No doubt you have a vested interest in the debt fuelled, consumer driven, house flogging branch of the 'economy' and so can not see it.

Let's rendezvous in 9 months time to compare notes!

Nah no vested interest...why have you?