Rise in house prices (Rightmove) and sellers numbers up

nearlynew

Dan: wrote: »

Haha - Everyone can see how desperate you are for prices to fall, it’s a shame it’s not working out for you.

Look at that thread you started yesterday – “don’t listen to anyone except nearlynew” – it’s pathetic

What are you on about?

HAMISH_MCTAVISH

Dan: wrote: »

Haha - Everyone can see how desperate you are for prices to fall, it’s a shame it’s not working out for you.

Look at that thread you started yesterday – “don’t listen to anyone except nearlynew” – it’s pathetic

It was pathetic, and as it's dissapeared, I assume the mods deleted it.

I think nearlynew is trying to get himself banned.

Although with prices rising, lending rising, approvals rising, it's not really like he has any credibility left anyway.

There will be a small decrease in prices over winter, a "bear trap" if you like, followed by the proper recovery starting in Q2 next year. But the higher prices go now, the more likely it is that the bottom was already passed back in Feb this year.

bo_drinker

stuartm1 wrote: »

I wonder what an independent valuation of that new build 1 bedroom flat would be? I would guess much less than £240k.

£150,000 tops in the real world. Stocks are low due to(how many times have I said this) the fact you have to spend money to put a house up for sale and unless people need to move they are holding back, especially if the house up the road has had a for sale outside for a year or so. We sold last year and are in temp accom waiting for the right one to come up. Thought we would be here for a few weeks and that was 9 months ago. So the ones that do not have issues are holding their own and the ones that do are sticking, more stock is needed, it's not rocket science. It is false that any values are going up in the real world unless some fools are prepared to pay ott for some places as they obviously are

Yakubu22

Shightmove are desperate for good news. In fact would they ever publish a truthful report if it was all doom and gloom for the housing market? Of course not it's not in their interest to do so.
I think we will have more falls to come and the bottom has not been reached yet.
One thing i do know is that if I want to make guaranteed profit. Then margarine from Tesco is the future.

NOTE: I'm not expecting 60-70% falls but given the state of this country, there has to be further falls.

chucky

Yakubu22 wrote: »

Shightmove are desperate for good news. In fact would they ever publish a truthful report if it was all doom and gloom for the housing market? Of course not it's not in their interest to do so.
I think we will have more falls to come and the bottom has not been reached yet.
One thing i do know is that if I want to make guaranteed profit. Then margarine from Tesco is the future.

NOTE: I'm not expecting 60-70% falls but given the state of this country, there has to be further falls.

i doubt if the data is incorrect or fiddled in any way.

the asking price shows little evidence to prove that house prices may be increasing.

it's more of an indicator of sentiment of what prices people believe they can get in the market.

it is what it is, just another housing market indicator that carries less weight than the others.