We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Surge in houses coming to market
Comments
-
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.
What a load of twaddle....
The Spring bounce with regards to prices is so well entrenched over such a long period of time that the house price indices have to use Seasonal Adjustment to compensate for it.“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: »What a load of twaddle....
The Spring bounce with regards to prices is so well entrenched over such a long period of time that the house price indices have to use Seasonal Adjustment to compensate for it.
http://www.snotr.com/video/518:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
0 -
I think this might be the second time I have agreed with you, but yup - you're right on this oneHAMISH_MCTAVISH wrote: »What a load of twaddle....
The Spring bounce with regards to prices is so well entrenched over such a long period of time that the house price indices have to use Seasonal Adjustment to compensate for it.
0 -
It's a funny old world - I am sure the introduction of HIPs helped to drive prices down by killing off housing market activity and yet their abolition is likely to be seen as the point at which the second dip started (in my opinion it is already underway but history will no doubt remember it was the end of the HIP what did it)I think....0
-
HAMISH_MCTAVISH wrote: »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:#3574
Malystryx
Yesterday, 6:14 PM MoneySaving Newbie
Join Date: Mar 2007
Location: Aberdeen
Posts: 7
Thanked 0 Times in 0 Posts
Quote:
Originally Posted by NEH
Our flat for sale is in Aberdeen as well so maybe i can help...
If it was valued at 90K then it hsoulnd't have been put on the market ofr offers over end of...
Our flat was marketed at 90K and we put offers over 85K, you can't expect to get over what the home report says unless there is a bidding war or someone feels the need to go much higher in the closed bid system..
Secondly the market is very slow, our flat has been on since February and sicne then 3 others in the same road have joined us and we have all been on a while, even the all singing, all dancing flat hasn't sold and has been there weeks....
As for advetising it will be on ASPC and everyone checks that, it's just a case of waiting for the right buyer i'm afraid...:(
EA recommended us to put the flat on at that price (offers over 90k) as they were confident that the sale price would be achieved. Besides other flats in the same area and the same type have all been priced at offers over 95k. Our flat has been totally refurbished to a high standard (new bathroom, kitchen, CH, flooring etc) and because we have never sold property before we followed EAs advice.:( The lowest we can afford to go is 82k. Should we change the price again or would it look like we were desperate to sell?Our flat for sale is in Aberdeen as well so maybe i can help...
If it was valued at 90K then it hsoulnd't have been put on the market ofr offers over end of...
Our flat was marketed at 90K and we put offers over 85K, you can't expect to get over what the home report says unless there is a bidding war or someone feels the need to go much higher in the closed bid system..
Secondly the market is very slow, our flat has been on since February and sicne then 3 others in the same road have joined us and we have all been on a while, even the all singing, all dancing flat hasn't sold and has been there weeks....
As for advetising it will be on ASPC and everyone checks that, it's just a case of waiting for the right buyer i'm afraid...:(
The above is from the selling thread. Suggests that all is not great round your way especially in the FTB market. Seems similar to where I am in South London. The FTB market especially for flats is dead round my way. I know at least 2 people struggling to sell flats0 -
Hamish is defiant until the end. When house prices start coming down again about 2% every month he will have some excuse.
No matter what Hamish will always think house prices only ever go up just like he said "gold was heading for a crash 100% guaranteed".0 -
The above is from the selling thread. Suggests that all is not great round your way especially in the FTB market.
And you think that all properties sold in days before 2007?
The houses I was looking at then were typically on the market for a couple of months. Sure, some sold in days or weeks, but most took several months, some far longer.
Aberdeen is a good market, and has fared better than most, but we still have the same mortgage rationing the rest of the country has.
Someone claimed properties were flooding onto the market due to CGT, etc. I noted they are not in Aberdeen, beyond the usual spring seasonal increase, and provided sourced proof of that statement and the latest RoS average sold price showing strong price rises.
But I never claimed every flat sells in days, or that Aberdeen is somehow immune to mortgage rationing for FTB's, so I'm not sure why you think your link to that persons anecdotal is relevant.....“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 is defiant until the end. When house prices start coming down again about 2% every month he will have some excuse.
No matter what Hamish will always think house prices only ever go up just like he said "gold was heading for a crash 100% guaranteed".
Actually I have predicted this year will see several months of falling prices, in the 2010 predictions thread at the start of the year.
And Gold is heading for a crash...... 100% guaranteed. It's in the bubble to end all bubbles.;)“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: »Actually I have predicted this year will see several months of falling prices, in the 2010 predictions thread at the start of the year.
And Gold is heading for a crash...... 100% guaranteed. It's in the bubble to end all bubbles.;)
The gold price never really rose in AUD terms and I think the same is true comparing gold to other strong currencies like the NZD and CAD.
If you look at gold in the USD terms in which it is priced there is a rather frothy look to the market. Gold is a funny investment anyway as there's no yield. If you want a doomsday investment, farmland is much better IMO.
There's the old canard that an ounce of gold would dress a man for a court appearance in Imperial Rome and it will still do so today. Well just compare the output possible from an acre of arable land today vs under the Romans!0 -
Not much new around here (Muswell Hill/Finchley). People are still asking £300k for a pokey 3 bed flat in an ugly council block (and those are the cheapest in my area) :eek:.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards