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Debate House Prices


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An estate agent told me the market is falling.

1235

Comments

  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Yeah, shut it Devon. :mad:
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    ruggedtoast wrote: »
    yeah, shut it devon. :mad:

    pmsl.................
    Official MR B fan club,dont go............................
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    doire wrote: »
    In my case....rent is lower...

    It doesn't matter what the rent costs, it's not going to suddenly stop and therefore people have to keep on working to keep on paying it. As you said before: "Imagine working every hour God sends just to keep a roof over your head." People do, in order to pay the rent, all the time.
    doire wrote: »
    i could buy now so im not sure where you get retirement age from?

    I was referring to the rest of society that pretend to be more than happy renting until they drop.

    In order to make it worth your while watching your savings depreciate in value while you pay out a five figure sum in rent every year I assume you've either recently won the lottery or are fibbing?
  • tawse57
    tawse57 Posts: 551 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I am told that in West Wales now the only offers being put in are 20% below asking price and there is a flood of second home owners from St. Davids to Swansea depserate to sell up.
    This is not financial nor legal nor property advice. Consult a paid professional if in doubt.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    tawse57 wrote: »
    I am told that in West Wales now the only offers being put in are 20% below asking price and there is a flood of second home owners from St. Davids to Swansea depserate to sell up.


    You've been told correct.

    Prices are falling all over wales (and most of the UK for that matter).


    It's great news
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • tawse57
    tawse57 Posts: 551 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    nearlynew wrote: »
    You've been told correct.

    Prices are falling all over wales (and most of the UK for that matter).


    It's great news


    The asking prices are still way over the top though. Seems to be a gap forming between those dropping their asking prices and those who are seemingly refusing to do so.
    This is not financial nor legal nor property advice. Consult a paid professional if in doubt.
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Someone once assured me that an elderly, rotund and slightly drunken gentleman managed to navigate and ascend the well used and very narrow chimney flue in the middle of the night, fully laden with a sack of free gifts to place on the floor, for no real reason, and then disappear without a word.

    Halifax index states prices are rising btw.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    An estate agent once told me a 74 yr lease was "plenty", so I don't really know what to think of this.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    tawse57 wrote: »
    The asking prices are still way over the top though. Seems to be a gap forming between those dropping their asking prices and those who are seemingly refusing to do so.


    Ayone serious about selling will have to lower their price to the new market value.

    If they don't, they won't sell.

    And if they don't care and "sit it out" they weren't really on the market in the first place..
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    nearlynew wrote: »
    Ayone serious about selling will have to lower their price to the new market value.

    If they don't, they won't sell.

    And if they don't care and "sit it out" they weren't really on the market in the first place..
    what's the new market value?
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