If it's all about supply and demand.....

Thrugelmir

Generali wrote: »

If the number of sellers rise, that doesn't necessarily mean that supply will rise: the experience of the past couple of years shows us that people will hang on to their house rather than sell for 'less than it's worth'.

A lot of people have also been struggling along, possibly even letting their property rather than selling. With the recent rise in prices and the growing realisation that the country is in the mire. No seems a good time to bail out if financial circumstances alllow.

doire_2

phil_b wrote: »

Most of the increase in houses on the market can be attributed to the recent improvement in the market and sellers gaining confidence. They are happy to take a punt at selling their house now.

I'll bet you that if average time on the market goes back up, prices start to drop and we get a whiff of the 2008 situation all the recent additions to rightmove etc will say 'sod that' and withdraw again, rather than big price reductions accross the nation.

People just dont want to reduce prices, and surely that will only really happen if forced sales boost up? Not gonna happen with these interest rates.

Then again with the country in mess they might feel now is a good time to sell. Particularly with the uncertainty of whats to come after the election.

IveSeenTheLight

Emy1501 wrote: »

Depends on why people are selling. If people do not need to move then they will only sell if the price is right. I know a couple of sellers though who need to sell by the end of the year for schooling. They put it offer over the last year or so but they will have to move now.

Also people will want to get on with their lives. Therefore if there are signs of the market stalling for time then we may see some falls.

I suspect as much of an issue is whether buyers especially FTB's are putting off buying till after the election or we are starting to run out of them with a large enough deposit.

Will there be enough of these sellers to influence the market?

phil_b_2

doire wrote: »

Then again with the country in mess they might feel now is a good time to sell. Particularly with the uncertainty of whats to come after the election.

I'm not so sure yer average joe on the street knows about that, or even cares. How many will actually be thinking 'ohhh best sell now while I have a chance of a decent price before everything implodes'?

The ones who care enough to take interest in this countries financial and economic affairs (who are home owners AND make the assumption prices will go down to boot) are a pretty tiny minority of the overall population I'd say.

System

If I thought the country was in a mess the last thing I'd want to do is sell the roof over my head and start renting.

Graham_Devon

Joeskeppi wrote: »

If I thought the country was in a mess the last thing I'd want to do is sell the roof over my head and start renting.

Yes, but you may like to sell off your investment holiday home, BTL etc and get the most you think you may achieve.

Or take your chances now and sell that house you bought to do up and make some profit out of (huge numbers did this).

Or sell now in the hope of securing a quicker and easier sale than trying in a years time and possibly facing a long slog.

IveSeenTheLight

Graham_Devon wrote: »

Yes, but you may like to sell off your investment holiday home, BTL etc and get the most you think you may achieve.

Or take your chances now and sell that house you bought to do up and make some profit out of (huge numbers did this).

Or sell now in the hope of securing a quicker and easier sale than trying in a years time and possibly facing a long slog.

Or you could understand that there is not enough property available to keep up with the increasing population and demand and decide to hold on to your investment.

The time to sell investment property (excluding keeping an eye on all the tax issues) is when there are signs of over supply.

Emy1501

IveSeenTheLight wrote: »

Will there be enough of these sellers to influence the market?

Who knows time will tell. Probably not enough to influence the NW figures but probably enough that there will be a few bargins around over the next few months.

chucky

can someone please explain effective demand to the people that don't understand how demand and supply works?

nembot

The only thing supply and demand really did, was influence a lot of posts on here. Easy credit and greed, were the real factors.

Everytime someone attributes house prices to S&D, somewhere in the world, a kitten dies.