House sales jump 40% in March

telfordwhite

gingermingerr wrote: »

Experts predicted that house sales would rise in the Spring of 2009, and they've actually done better than they predicted.





EVERYONE knows houses had to get moving again - we can't build more land can we? People need to move. They need homes. They need to upsize, downsize, move areas. People die, people lose their homes....and those homes get sold. People come into money (I have), they win money, inherit money, retire.......or simply take out a mortgage becasue it's CHEAPER than renting!!

GingerMinger, I think you are suffering with a severe case of premature congratulation, The evidence of increased house sales is at best flimsy, ie l month (march) which is better than the previous disastrous one but still lower than Januarys figures.

I think a combination of some reduced prices and low interest rates are tempting some of the people with decent deposits to take the plunge and buy. It will be interesting to see what happens once these people have disappeared over the horizon.

There may be some improvement in sales due simply because the last few months have been so desperately low but I think some consistent improvements need to be shown before we can say that houses are beginning to sell again.

nembot

chucky wrote: »

what you'll also find is that www.housepricecrash.co.uk selectively posts headlines to suit their big "masterplan".

good advert for the site that contains the most nutters though

Agreed, there are some pretty bearish people on there, but the headlines during the years of the last crash are were written years before the website came online and the nutters registered, so not sure what point you're making here.

Considering lending has slowed considerably with the bigger companies now only offering 3½ X annual salary. Which means average earners can now borrow £101,000 (with a £10,000 deposit).

If an ex council semi located in a crappy area, is your ambition, I suppose the market has really turned around - possibly even the economy!

Think we need to wait about three months and check the land registry report, more people applying for mortgages (which is the only figure here) is no indication of recovery.

There was a jump in 91, which didn't stop the falls for the 4 or so years after.

chucky

my 'nutter' comment was sort of tongue in cheek as there are some very interesting posts on there amongst all the negativity from the majority of posters.

my 'selective data quoting' reference isn't too far from the truth with the 90s data they quote but they don't like to quote anything from the early 80s recession where house prices shot up straight after coming out of recession.

i don't know what the next few months will give us but i wouldn't just draw a parallel with the 90s recession.

pennee1981

Dan: wrote: »

This is the problem.

If your username '1981' refers to the year you were born, then im afraid you will have to start at the bottom end of the market, like I, and many others did, and this may well mean a naff terrace - or a semi if your very lucky.

Um, Dan? Why should I?
I've rented flats. I'm renting an end terrace now. I studied hard, I have been working hard now for a number of years and together with my partner we are saving as much as we can. It seems the more we save, the more we still need. But aside from that - I know I don't want to spend my hard-earned cash on something I won't be happy with. Why not aim for something we can live in for a good few years? You seem to assume that we want to hop houses every couple of years. That seems pretty daft in this climate. Please do not patronise me...ta.:rolleyes:

pennee1981

lostinrates wrote: »

1981...so 28?

Well withing normal ''not young'' childbearing age. In fact isn't there some thing about the decline in the quality of women's 'eggs' starting ..albeit gradually, at 24? It seems at 28, i wouldn't be so unreasonable not to look down on a cuple with 2 children and hope they could afford a modest 2/3 bedroom home.

Um...LIR...what?! :rotfl:
I find it pretty disappointing that people feel it appropriate to comment on my age and even my future plans, and therefore make assumptions about what I 'should' and 'shouldn't' be doing with regards to buying a first home. But I accept that's probably my fault in a way, guess I better go and change my username then!!:rolleyes:

lostinrates

pennee1981 wrote: »

Um...LIR...what?! :rotfl:
I find it pretty disappointing that people feel it appropriate to comment on my age and even my future plans, and therefore make assumptions about what I 'should' and 'shouldn't' be doing with regards to buying a first home. But I accept that's probably my fault in a way, guess I better go and change my username then!!:rolleyes:

I'm not saying what I think you should or shouldn't do. At all. And I'm sorry if it appeared that way. I'm simply saying what I think, in a good world, people should be able to do on average..financially. I'm making no cooment about 'you' whatsoever. I'm saying that its not unreasonable for a 28 year old to aspire to be financially able to support starting a fmily if the so chose, or to hve the equibvalent lifestyle on that sort of income if they don't choose. there was nothing personal intended in my comments at all.

deano72_2

iv not read all the posts as alot of them tend be about this n that & the price of peas,but it cant be rocket science surely..
yep houses are shifting pretty fast in last few wks,i enquired about 2 & theyv been sold in a day...so is it just people who have big deposits ready to the deed!but what i do know is 1000s of people are still loseing there jobs,so surely that will effect the market

Francesanne

My neighbours have just sold their small Victorian terrace house for a very reasonable price and it wasn't on the market very long. I live in North Enfield and plenty of evidence of houses selling AND not for rock bottom prices.

Dan:_4

pennee1981 wrote: »

Um, Dan? Why should I?
I've rented flats. I'm renting an end terrace now. I studied hard, I have been working hard now for a number of years and together with my partner we are saving as much as we can. It seems the more we save, the more we still need. But aside from that - I know I don't want to spend my hard-earned cash on something I won't be happy with. Why not aim for something we can live in for a good few years? You seem to assume that we want to hop houses every couple of years. That seems pretty daft in this climate. Please do not patronise me...ta.:rolleyes:

If you don't want to spend your money on something you won't be happy with, then don't do it. :rolleyes:

If you can't afford what you do want - tough luck.

System

Dan: wrote: »

If you don't want to spend your money on something you won't be happy with, then don't do it. :rolleyes:

If you can't afford what you do want - moan about it and go on a crusade to try to talk the market down on a public forum.

Fixed for you.

I want a Ferrari, why should I have to drive round in my battered old Peugeot?