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Debate House Prices
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Surge in houses coming to market
RDB
Posts: 872 Forumite
Not surprising really, HIPS scraped and now rush to sell before have to pay 40% cap gains.
Im not posting a link because there are too many to choose from.
If inflation doesnt get under control interest rates going up sooner than thought.
It all points toward house prices coming back down.
Im not posting a link because there are too many to choose from.
If inflation doesnt get under control interest rates going up sooner than thought.
It all points toward house prices coming back down.
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Anecdotally, a lot of houses have come to the market in my area, at high prices, with very few sales. Time will tell if they sell or prices drop. But at least we no longer have to hear buyers moaning there's no decent property out there.Been away for a while.0
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Running_Horse wrote: »Anecdotally, a lot of houses have come to the market in my area, at high prices, with very few sales. Time will tell if they sell or prices drop. But at least we no longer have to hear buyers moaning there's no decent property out there.
There have been loads coming on in West London. The ones that came on a month ago have been all reducing asking prices.
:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Remember to search smart on RM.
Instead of slowly trawling through every page on Rightmove for any area you're interested in, trying to find the new properties that have come on the market.... click the 'Added To Site' field, with option to see properties added in the last 24 hours, 3 days, ect.
Also it shows properties which have been reduced in price in whatever your 'Added To Site' chosen time parameters were.
I'm hoping Lydia and a few others who said they weren't seeing any increase in properties onto the market in their areas are also set to find an increase of properties on EA's/RM's books.
17th April 2010.Strap yourself in. The crash is here!
Or at least the beginning of some really substantial falls in value to come over this year then next. :rotfl:
I've just been checking out my main locations of interest to buy in... and the number of new properties that have come on recently, is quite astonishing. From houses at lower end in terms of price, right through to the very top end.
http://www.economicvoice.com/rics-claim-homeowners-rushing-to-sell/50087890 -
Not really happening round my way at the moment. Number of properties in my search area has fallen by 5% in last week or so. Fair few properties have been going under offer over last week or so though about half are properties with recent price drops.0
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Not really happening round my way at the moment. .
Nor here.... Nothing beyond the usual spring seasonal increase.
Although HIPS haven't been scrapped in Scotland, so we won't be getting the speculative kite flying activity that is going on in England just now.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Nor here.... Nothing beyond the usual spring seasonal increase.
Although HIPS haven't been scrapped in Scotland, so we won't be getting the speculative kite flying activity that is going on in England just now.[/Q
you must live in a different part of aberdeen from me then ,house appering for sale everywhere and prices becoming fixed and lowered0 -
Not surprising really, HIPS scraped and now rush to sell before have to pay 40% cap gains.
Im not posting a link because there are too many to choose from.
If inflation doesnt get under control interest rates going up sooner than thought.
It all points toward house prices coming back down.
... i think lots of people are beginning to see whats ahead for the housing market and want to get in quick!0 -
you must live in a different part of aberdeen from me then ,house appering for sale everywhere and prices becoming fixed and lowered
You must live on a different planet from the rest of us, with those types of anecdotal fairy tales...... The facts show the exact opposite, so I wonder why you'd make that up?
Ohhhhhh......... The clue is in the name.
According to ASPC, "There are 2547 Homes for Sale " in total (both houses and flats) in Aberdeen and the Shire combined this week.
Versus the following stats from last year......
date..........house.........flat...........total
25/09/08...2233.........1072.........3309
12/01/09...2116 .........828......... 2945
18/02/09...2018 .........714 .........2733
02/03/09...1982 .........692 .........2675
17/03/09...1969 .........682 .........2652
19/05/09...1846 .........603 .........2450
19/06/09...1791 .........569 .........2361
01/07/09...1780 .........563 .........2344
07/07/09...1766 .........583 .........2350
17/07/09...1752 .........586 .........2339
28/07/09...1741 .........593 .........2355
10/08/09...1721 .........597 .........2319
14/08/09...1707 .........579 .........2287
Source: (http://www.housepricecrash.co.uk/forum/index.php?showtopic=48163&st=2010 )
Yet according to the BBA, mortgage approvals are 15% up YoY for the UK.
Supply constant, demand up....... Prices also rising with a +10% latest RoS 28 day flash.
Ooooops. :rotfl:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
But don't forget, the "spring bounce" is an expression that has only recently been resurrected by HPI cheerleaders. It was never used until house prices started to fall.
They have used it to cling to the hope that come the spring (which has passed by the way) house prices will shoot up.
Traditionally, the "spring bounce" only referred to an increase in people looking for a new house; not an increase in prices."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0
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