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Debate House Prices


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First signs of revival in property market?

2»

Comments

  • carolt
    carolt Posts: 8,531 Forumite
    mean_momma wrote: »
    Where we were looking last weekend, it was converting into offers.

    Details?

    Were you making the offers?
  • carolt
    carolt Posts: 8,531 Forumite
    OP - where's your article from, please?

    Source?

    As a history graduate, I always like to know what my source is - tells you a lot. ;)
  • whathavewedone
    whathavewedone Posts: 902 Forumite
    Yes realistically we won't know until March/April whether the interest has amounted to anything or not. Most transactions take a minimum of 2 months to go from offer to completion. A lot take 3 months and if problems crop up about planning permission for previous works etc it can take longer than that. Then factor in that it can take up to two months for a purchase to be registered post completion (although it shouldn't do at the moment as conveyancers can't be that busy!) and it might be summer before we will really know the true position.
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    We don't want a revival in the property market. If we do get a revival because of low interest rates, then when interest rates rise again we'll be faced with another wave of repossessions of people who can't afford their mortgage repayments.
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • thriftybabe
    thriftybabe Posts: 689 Forumite
    Would love it to be true but not so sure. We have heard that there are a few sales going through on new builds but they are offering ridiculous incentives! All houses that have been up for sale here for the last 6 months are not moving and it is supposed to be a sought after area!
  • Daveyk1975
    Daveyk1975 Posts: 83 Forumite
    carolt wrote: »
    OP - where's your article from, please?

    Source?

    As a history graduate, I always like to know what my source is - tells you a lot. ;)


    The Sheffield Telegraph 30/01/2009
  • hethmar
    hethmar Posts: 10,678 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Car Insurance Carver!
    Have to say, amongs the demi forest of for sale signs in our town, there have been a number with SOLD slapped across them in the last week.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    mean_momma wrote: »
    Where we were looking last weekend, it was converting into offers.
    Yeah, but then they come here and ask us what we think :)
  • mean_momma
    mean_momma Posts: 174 Forumite
    carolt wrote: »
    Details?

    Were you making the offers?

    I was viewing on the outskirts of London with an FTB. He did make a cheeky offer on one, but was outbid. We saw lots of other viewers due to the EA overbooking. Seemingly, there were 8 offers that weekend on various properties within a few small streets. One house was very keenly priced, hence lots of interest. On Monday we enquired about a house that was with a different EA and were told that 2 offers had been received.
  • thepeachyone
    thepeachyone Posts: 94 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    BenL wrote: »
    Sheffield figures will start to get skewed in the coming weeks/months.

    I saw on the news lastnight that there was part of an estate that was old timber framed buildings and was knocked down.

    They built some new houses on the site that and are giving the old residents 1st dibs on the houses and to return to the area.

    £130K starting price with shared ownership schemes. I think the top end was £155K

    The people interviewed were very happy they could get a brand new house, pay part mortgage and part rent.

    http://sccplugins.sheffield.gov.uk/press/news/release.asp?akey=5520

    I cant get the link to work. I am interested though as its my area and Im looking to move. Which estate is it? Is it the one near Birley Golf Course?
    I have autistic spectrum disorder which is a social communication disorder so please be patient with me.
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