Mass Hysteria

rumbaba

I realise that some properties have dropped in price but as there seems to be fewer properties on the market; few buyers; and fewer mortgages available how can we have a true picture of the market?

Round my way the falls have been tiny - but the very nice properties are not even going up for sale. And looking at the property pages it seems it's mainly the poorer properties that have dropped considerably; the nice properties are not falling anywhere near as much.

Could all this panic and doubt be causing mass hysteria thus preventing stagnation?

dopester

Go on... tell us your general area please.

mizzbiz

How is it preventing stagnation?

dopester

rumbaba wrote: »

as there seems to be fewer properties on the market

rumbaba wrote: »

Round my way the falls have been tiny - but the very nice properties are not even going up for sale. And looking at the property pages it seems it's mainly the poorer properties that have dropped considerably; the nice properties are not falling anywhere near as much.

I asked for the general area so we could decide whether yours is a fair view - perhaps some people here live in your general area and could offer an alternative view for what you're presenting as fact.

neverdespairgirl

rumbaba wrote: »

I realise that some properties have dropped in price but as there seems to be fewer properties on the market; few buyers; and fewer mortgages available how can we have a true picture of the market?

Depends where you are.

On Rightmove, for example, 12 - 24 months ago there tended to be between 15 and 18 pages of properties for sale. Now there are 23.

ad9898_3

There are quite a few nice properties up in my area for sale, 36 pages on Rightmove, Yet on nethouseprices.com only 35 houses have sold in the last 3 months. Nice.

zappahey

rumbaba wrote: »

I realise that some properties have dropped in price but as there seems to be fewer properties on the market; few buyers; and fewer mortgages available how can we have a true picture of the market?

Those few properties are the market and are as true a picture as you're going to get.

Even if the "nice houses" came on to the market, buyers' expectations on prices will be set by the current market.

Jumping_Bean

I'm pretty much certain rumbaba won't be back to tell us which area he/she is talking about. Wonder why that is?

ad44downey

Yep, another dithering dad nom-de-plume. He must have about 10 identities now

rumbaba

I'm in Banstead - ckose to Reigate, Surrey.

Dithering_Dad

ad44downey wrote: »

Yep, another dithering dad nom-de-plume. He must have about 10 identities now

Bit free with your accusations today ad44downey. What rattled your cage anyway? I don't remember seeing you in in the housing boards before and so certainly don't recall us having any 'rucks'.

So why are you on my back all of a sudden on this and other threads. I hesitate to say you're a 'flag of convenience' because of your high post count and early join date, but I do always wonder when someone I don't know carries out an unprovoked attack - makes me obviously think that while I haven't had a 'ruck' with that particular username, that I may have had one with one of their others?

Is this the case with you? or it just that you've seen other people having a go at me and you want to 'follow the herd', as it were?