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Lack of properties props up house valuations

Comments

michaels Posts: 29,258 Forumite

11 July 2009 at 10:14PM

Looked at a house this morning that was on at 298 last year then withdrawn - agent was hopeful of getting 300 asking price this year within a couple of weeks and no improvements in the 12 months.

Agent also said (I know large pinch of salt) that the local 4 bed semis that earlier this year were hanging around to get 430 were now asking just over 500 and getting 500 the first weekend they came on.

So we are talking up 25% in about 4 months - looking painful for anyone who did str...

I think....
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