Is it just my area, or are there a huge number of new properties on the market?

Really2

Cleaver wrote: »

This forum is starting to make me see house prices and economics with a slant that just doesn't relate to real life and how real people think. I reckon I need to get away!

I am trying.:o

Harry_Powell

Cleaver wrote: »

This forum is starting to make me see house prices and economics with a slant that just doesn't relate to real life and how real people think. I reckon I need to get away!

Nah, I reckon you have a pretty good grip on the reality of the housing market. The ones who talk about 'cashing in' and 'rats leaving the sinking ship' are the ones who need to look up from their HPC projections and Libor graphs and take a walk in the real world!

Emy1501

Harry_Powell wrote: »

How do you know they're chain free? (don't tell me you fall for the EA 'vacant possession on completion' blurb - all houses are vacant possession on completion, unless they have a sitting tenant).

I'd also not believe the 'no chain' scam either. We went to see plenty of houses when we were buying where the estate agent promised that the vendor was going to go into rented accomodation so that they 'had time to choose their next property'. When we asked some of the vendors, they looked very shifty and one even admitted that they didn't know they'd be stuck in an assured tenancy agreement for 6 months B4 they could buy again - they reconsidered that option. Needless to say we didn't buy any of these houses as we wanted a quick purchase.

I tend to know a property is chain free by the fact no one is living in it. There are plenty of empty properties on rightmoves you only have to look at the pictures to see them. I know 2 people selling empty properties at the moment.

Cleaver

Harry_Powell wrote: »

Nah, I reckon you have a pretty good grip on the reality of the housing market. The ones who talk about 'cashing in' and 'rats leaving the sinking ship' are the ones who need to look up from their HPC projections and Libor graphs and take a walk in the real world!

Thanks.

It's not that I think house prices are certainly going to rise, or anything like that. I agree with a Generali post I saw earlier which said how odd it is that the country is f*cked and yet house prices still go up. I can see house price falls over the next year or so, but then who knows? Wouldn't be surprised to see rises either.

It's this absurd, stupid notion that because a couple of posters agonise and obssess over house price reports, interest rates, Greece's economic situation, the next government, the next leg of the crash, distressed sellers, the financial horizon, QE etc. etc. that that is exactly how all other homeowners and potential buyers must behave. This is clearly not the case. They are in the majority, you are in the minority. Which isn't to say they are right and you are wrong, it's to say that majority often rules, not logic or theory.

Looking at a Libor graph, posting and reading HPC / here, looking at economic conditions, looking at the next governement, considering QE are all perfectly sensible things to consider when looking at house prices. But there are so many other factors that should be considered, hence why I get called a fence sitter because I don't claim to be sure of the direction of house prices.

Grrrrrr.

Harry_Powell

Emy1501 wrote: »

I tend to know a property is chain free by the fact no one is living in it. There are plenty of empty properties on rightmoves you only have to look at the pictures to see them. I know 2 people selling empty properties at the moment.

I'm sure that there are indeed several properties out there that are true vacant possession (deaths, reposessions or oweners are rich enough to move before selling their former home), but you have to admit these are very much in the minority and therefore unlikely to influence the general housing market one way or the other.

abaxas

Harry_Powell wrote: »

I'm sure that there are indeed several properties out there that are true vacant possession (deaths, reposessions or oweners are rich enough to move before selling their former home), but you have to admit these are very much in the majority and therefore unlikely to influence the general housing market one way or the other.

Not true.

I cant find the stats but wasnt it that an average family moves 3 times?

Hence I would assume that the death must account for a large %age or the market.

nembot

I concur,

Was driving round north wales not so long back with a good friend of mine. He was showing me which houses would be probably become available in the next 12 months, quite a few in not a very large area.

IveSeenTheLight

abaxas wrote: »

I cant find the stats but wasnt it that an average family moves 3 times?

It would seem however that the average FTBer wants to be able to afford the average price property.
there should be no need nowadays to move three times.

Harry_Powell

abaxas wrote: »

Not true.

I cant find the stats but wasnt it that an average family moves 3 times?

Hence I would assume that the death must account for a large %age or the market.

Not True.

The average is far more than 3 times.

http://www.buyassociation.co.uk/homes/text/moving/buyassociation/why-do-people-move----claire-hose--moveminder.html

"Not so long ago it wasn’t unusual to move only once or twice in your life, but today the average person moves every six years; so what makes people move? Here are the main reasons why people up sticks:

1. More Space – Most people’s first homes are small because that’s all people can afford, especially in times like these. As time passes, and more ‘stuff’ is acquired (including children), people move to accommodate the need to spread out.

2. Upgrade/change – The need might not be there, but sometimes people move simply because they want something bigger/better/newer/nicer.

3. Schools – House prices near good schools are often highly inflated because we want our kids to get the best education possible. If that means moving into a different school catchment area, many parents are prepared to make the move and accept the related sacrifices.

4. “The neighbourhood’s changed” - Neighbourhoods change physically, socially and economically over time, and so do the people who live in them, so moving to a location that better suits their current needs. Noisy neighbours are a common complaint, especially for city dwellers.

5. Job relocation – You just bagged your dream job but it’s located 200 miles away... that’s a killer commute; the easiest option is to move. Some lucky folk are afforded a relocation allowance if their current job dictates that they have to move.

6. Coupling up – Moving in with your current squeeze is an exciting step. It might be one of you moving into the other’s place or both moving into a new abode.

7. Splitting up - If you’ve broken up with your partner, chances are you don’t want to stay living together (unless you’re very forgiving and open minded). This situation can be pretty complicated, especially if you owned a property together.

8. Less space – Once the kids have flown the nest the need for a big house is no longer there. Large houses can feel rather empty with only one or two people in them, so often parents choose to downsize – the prospect of less rooms to clean is also appealing!

9. Retirement – Many retirees opt for a simpler pace of life, but let’s not stereotype; some supergrannies/grandads might want to move nearer to an extreme sports centre with their new found freedom.

10. Health problems – Stairlift companies might prefer it if you adapt your current home, but many people prefer to move to a property that better suits their needs if physical capabilities change.

11. Work required – One person’s ‘do-er upper’ is another person’s nightmare, so some people leave it to those who want to take on the project, and move on to pastures new.

12. A project – Property renovation is more popular than ever, and with plenty of old houses in the country there are plenty to choose from! Similarly, building your dream home from scratch is also quite popular.

13. Family – Grandparents want to be near their grandkids, children want to look after their elderly parents, or you’ve just discovered you have a long lost family member that you want to get to know; all reasons for moving nearer to our loved ones. Conversely, moving away from family might make relations more harmonious.

14. Releasing equity – After saving all your life to pay off your mortgage you suddenly realise that that’s a lot of money tied up in bricks and mortar – where’s the enjoyment in that? Selling up and reaping the rewards is an option.

15. A change in lifestyle – Perhaps you’ve joined a wood/cave dwelling commune and no longer require a house, you’ve decided to emigrate to somewhere sunny or you’re sick of the city and want to live on a farm; all are good reasons to move (except maybe the living in a wood/cave one)."

abaxas

Harry_Powell wrote: »

Not True.

The average is far more than 3 times.

http://www.buyassociation.co.uk/homes/text/moving/buyassociation/why-do-people-move----claire-hose--moveminder.html

"Not so long ago it wasn’t unusual to move only once or twice in your life, but today the average person moves every six years; so what makes people move? Here are the main reasons why people up sticks:

1. More Space – Most people’s first homes are small because that’s all people can afford, especially in times like these. As time passes, and more ‘stuff’ is acquired (including children), people move to accommodate the need to spread out.

2. Upgrade/change – The need might not be there, but sometimes people move simply because they want something bigger/better/newer/nicer.

3. Schools – House prices near good schools are often highly inflated because we want our kids to get the best education possible. If that means moving into a different school catchment area, many parents are prepared to make the move and accept the related sacrifices.

4. “The neighbourhood’s changed” - Neighbourhoods change physically, socially and economically over time, and so do the people who live in them, so moving to a location that better suits their current needs. Noisy neighbours are a common complaint, especially for city dwellers.

5. Job relocation – You just bagged your dream job but it’s located 200 miles away... that’s a killer commute; the easiest option is to move. Some lucky folk are afforded a relocation allowance if their current job dictates that they have to move.

6. Coupling up – Moving in with your current squeeze is an exciting step. It might be one of you moving into the other’s place or both moving into a new abode.

7. Splitting up - If you’ve broken up with your partner, chances are you don’t want to stay living together (unless you’re very forgiving and open minded). This situation can be pretty complicated, especially if you owned a property together.

8. Less space – Once the kids have flown the nest the need for a big house is no longer there. Large houses can feel rather empty with only one or two people in them, so often parents choose to downsize – the prospect of less rooms to clean is also appealing!

9. Retirement – Many retirees opt for a simpler pace of life, but let’s not stereotype; some supergrannies/grandads might want to move nearer to an extreme sports centre with their new found freedom.

10. Health problems – Stairlift companies might prefer it if you adapt your current home, but many people prefer to move to a property that better suits their needs if physical capabilities change.

11. Work required – One person’s ‘do-er upper’ is another person’s nightmare, so some people leave it to those who want to take on the project, and move on to pastures new.

12. A project – Property renovation is more popular than ever, and with plenty of old houses in the country there are plenty to choose from! Similarly, building your dream home from scratch is also quite popular.

13. Family – Grandparents want to be near their grandkids, children want to look after their elderly parents, or you’ve just discovered you have a long lost family member that you want to get to know; all reasons for moving nearer to our loved ones. Conversely, moving away from family might make relations more harmonious.

14. Releasing equity – After saving all your life to pay off your mortgage you suddenly realise that that’s a lot of money tied up in bricks and mortar – where’s the enjoyment in that? Selling up and reaping the rewards is an option.

15. A change in lifestyle – Perhaps you’ve joined a wood/cave dwelling commune and no longer require a house, you’ve decided to emigrate to somewhere sunny or you’re sick of the city and want to live on a farm; all are good reasons to move (except maybe the living in a wood/cave one)."

50% going to university? 2+ moved there

Most people in family groups of 2 or more? divide by 2

As it says above, the average PERSON moves ever 6 years. That doesnt mean they have bought anything at all. Most rent at the start.

Ie above link is buster gonads.