Investors Moving In?

StevieJ

RDB wrote: »

You are right Steve thats why its great to have ones like you saying its not so bad the media just makes it sound worse than it really is, things will be back to normal in no time right Steve? Also its good to have ones like Mitchaa on here insisting that his house is imune and will keep going up in value

quote

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What do you mean I don't think it is bad, I think it horrible :eek: Not helped by the ones who walllow in the mire and media who earn their corn by using extreme fear tactics to sell newpapers.

tesuhoha

Why don't you talk about Jade Goody for a change and cheer yourselves up.

beingjdc

Spiv wrote: »

http://www.thisislondon.co.uk/standard/article-23431441-details/Property+slump+House+prices+in+London+just+keep+going+up/article.do


Property slump? House prices in London just keep going up

I suspect you know, but others seem not to have noticed.

This article is from January 2008.

Spiv_2

beingjdc wrote: »

I suspect you know, but others seem not to have noticed.

This article is from January 2008.

Actually, I hadn't. I just seen the date at the top:o. I apologise and I'll delete it. Sorry.:rolleyes:

beingjdc

Spiv wrote: »

Actually, I hadn't. I just seen the date at the top:o. I apologise and I'll delete it. Sorry.:rolleyes:

Actually I think it's informative - it's a useful warning when estate agents next say the market has bottomed to have on hand all their previous similar claims that have been shown to be wrong.

Cleaver

beingjdc wrote: »

I suspect you know, but others seem not to have noticed.

This article is from January 2008.

Oh, damn.

<rings up and cancels the 6 flat BTL empire offered on this morning>

paulmx3

wibble68 wrote: »

Hi,

I've been studying the market in the Didcot area for quite a while now.
Prices have gradually come down over the months and occasionally the more realistically priced houses will sell.

However, in the last week or so there have been an abnornal amount of sales for the current market.

My guess is that investors are starting to move back in to the market.

Any thoughts on this regarding the Didcot (Oxfordshire) area or indeed your own areas.

which estate agents is it you said you worked for.....:rotfl:

spuds_2

I'm a keen watcher of Homes Under the Hammer. Bugs me though how they don't always mention costs, fees etc. when noting how much profit has been made.

There was one this week with a very large bloke and his wife from Devon who bought a burnt out house in Moston, Manchester. They did it up in about 4 weeks with ten blokes working on it. Then he said he spent something like £7k doing it. Unless he was paying his guys £3 an hour I just didn't see how his costs could be so low. Sold for around £10k profit, I think.

I think some landlords will buy now expecting long term growth, but I think they may have a long wait.

poppysarah

Some areas (like Lightbowne in Moston, often featured on HUTH) have had special landlord measures put in place to ensure the real cowboys are run out of town.

I think that BTL still buying because the prices are down are just devaluing their existing portfolio - each house sold for less than peak is lowering prices overall.

I hope no banks are still lending without seeing a proper & sound business plan from BTL landlords.

wibble68_2

paulmx3 wrote: »

which estate agents is it you said you worked for.....:rotfl:

I understand your scepticism.

I'm not an estate agent, just one of many people in this country who have been waiting for a very long time for prices to come down.

My post was purely to gauge opinion on whether people had noticed an increase in sales recently.