***House prices up 1.2% in May***

IveSeenTheLight

Graham_Devon wrote: »

.......have now taken it off the market until "it rises next year"........

...........So they are now not selling..........

..........Personally I think this is rife across the country, people holding onto their equity, waiting for prices to go up again...hence lack of properties on the market...............

As they say, market sentiment can be a powerful thing.

StevieJ

Graham_Devon wrote: »

How do you get the cause being shortage of supply looking like the market is being flooded with properties?!

.

Are you serious

Graham_Devon

IveSeenTheLight wrote: »

As they say, market sentiment can be a powerful thing.

Could actually be helping prices rise too.

I know people say the selling price is only worth what people are willing to pay, but less properties = more fighting for them.

We have become a very very selfish society over the last decade, shunning a whole generation the chance to property ownership in search of wealth. I don't know how long that clinging on to equity can last for.

The person I know wants to move to be nearer her side of the family as her mother is ill, yet their main priority is still to cling on to equity and not sell to others without making the biggest profit they can. It's a strange world, but I do believe there are thousands sitting, wanting, but waiting to sell, but will only do so when they believe they are profiting.

StevieJ

IveSeenTheLight wrote: »

To be fair, these percentages mean nothing without know what they are a percentage of.

21% more buyers could actually be less than 2.5% more properties.

True, but we do know the direction at least i.e more not less.

chucky

Graham_Devon wrote: »

People are clinging on at the moment. I know two people who had their hous eon the market and have now taken it off the market until "it rises next year" :rolleyes:

trying to sell your house and then taking it off market isn't really clinging on is it?

Graham_Devon wrote: »

Personally I think this is rife across the country, people holding onto their equity, waiting for prices to go up again...hence lack of properties on the market.

maybe - where i am property is moving to sold reasonable quickly and know of another couple of areas that it is the same so not sure about the 'rife across the country' comment?

Graham_Devon

chucky wrote: »

trying to sell your house and then taking it off market isn't really clinging on is it?



maybe - where i am property is moving to sold reasonable quickly and know of another couple of areas that it is the same so not sure about the 'rife across the country' comment?

Your not sure about any of my comments. Like I said earlier, your like a hawk waiting to take something out of context

But it's just my opinion, based on what I am seeing, hearing, and then looking at figures posted.

As for clinging on...what do you call it then? They put the house for sale, see it's dropping in value, want to move, but take it off the market because it's value is droppiong and wait for them to pick up again.

If that's not clininging on, what is?

chucky

Graham_Devon wrote: »

Your not sure about any of my comments. But it's just my opinion, based on what I am seeing, hearing, and then looking at figures posted.

As for clinging on...what do you call it then? They put the house for sale, see it's dropping in value, want to move, but take it off the market because it's value is droppiong and wait for them to pick up again.

If that's not clininging on, what is?

sorry graham - it wasn't meant to sound as saying what you had said wasn't true. it was more i'm not sure it's happening everywhere, hence my further comments on the areas i know about. there are other areas that are struggling.

they have somewhere to live, they'd like to move but can't until they see the market picking up. i'd say clinging on was close to repossession - just my interpretation.

StevieJ

Hey Chucky those oil shares are holding their own.

wolvoman

Graham_Devon wrote: »

The person I know wants to move to be nearer her side of the family as her mother is ill, yet their main priority is still to cling on to equity and not sell to others without making the biggest profit they can. It's a strange world, but I do believe there are thousands sitting, wanting, but waiting to sell, but will only do so when they believe they are profiting.

How ios that any different from some peopkle here who want to pay as little as they can for a house?

Double standards?

StevieJ

Graham_Devon wrote: »

As for clinging on...what do you call it then? They put the house for sale, see it's dropping in value, want to move, but take it off the market because it's value is droppiong and wait for them to pick up again.

If that's not clinging on, what is?

I would call clinging on, where you could barely afford the mortgage.