Debate House Prices


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House prices are rising.

I have noticed a lot of sellers relisting their houses at increased prices since Christmas.

Up to 10% added to original asking price. I know the bears will dispute this fact but it's happening. There sure as hell isn't going to be any crash.

It's looking like sellers are standing their ground and won't except a penny less than they want. I wonder if these price rises have been added to allow a buyer a 10% discount making both parties happy. :rotfl:

I did tell you bears this would happen.
We love Sarah O Grady
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Comments

  • paddedjohn
    paddedjohn Posts: 7,512 Forumite
    Part of the Furniture
    They can advertise their property's for as much as they want, doesn't mean they're gonna get it. If you think prices arent dropping you must be living in on another planet
    Be Alert..........Britain needs lerts.
  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    They can advertise their property's for as much as they want, doesn't mean they're gonna get it. If you think prices arent dropping you must be living in on another planet

    I don't think prices are dropping that's just it.

    I could show you examples or you could ask your mates over the other side. One of them is up in arms because a house he wanted in Wales has had the price increased from 400k to 440k since Christmas.

    If the bears really want a discount they can have one as long as the asking price covers it.
    We love Sarah O Grady
  • paddedjohn
    paddedjohn Posts: 7,512 Forumite
    Part of the Furniture
    There are exceptions il give you that but on the whole i think its still a buyers market.
    Be Alert..........Britain needs lerts.
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    paddedjohn wrote: »
    There are exceptions il give you that but on the whole i think its still a buyers market.

    I would agree, it is a buyers market, however at a restricted option.

    To use a poor anology, it's like going to a fruit market at the end of the day and finding there are only a dozen apples to choose from instead of 100's
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • I would agree, it is a buyers market, however at a restricted option.

    To use a poor anology, it's like going to a fruit market at the end of the day and finding there are only a dozen apples to choose from instead of 100's

    Proportionally it can't be much different to normal though, can it? I mean less sellers would conversely mean less buyers to my mind.

    I agree that the number of properties on the market is less though, as it will only be people who have worked out that selling for less than purchase price is not a problem, or probate/ those that must sell.
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Proportionally it can't be much different to normal though, can it? I mean less sellers would conversely mean less buyers to my mind.

    I agree that the number of properties on the market is less though, as it will only be people who have worked out that selling for less than purchase price is not a problem, or probate/ those that must sell.

    It's hard to say if it's proportional or not.
    Has the buyers demand been satisfied or simply put on hold?

    If I was a buyer, I'd be wondering if a greater supply would help in producing the house that fits more of my check boxes. A restriction of supply would likely mean less check boxes filled, especially if the properties coming to the market are a greater proportion of probate / those that must sell.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • It's hard to say if it's proportional or not.
    Has the buyers demand been satisfied or simply put on hold?

    If I was a buyer, I'd be wondering if a greater supply would help in producing the house that fits more of my check boxes. A restriction of supply would likely mean less check boxes filled, especially if the properties coming to the market are a greater proportion of probate / those that must sell.

    Using your fruit market analogy though, there would be less people at the market looking to buy those 12 apples :). My guess is that it would pretty much be proportional, since the number of houses in the UK is not fluctuating wildly, and everyone needs a place to live... the number of houses left behind due to death, for example would be replenished by new owners. If anything, it is even better for new buyers.

    However I agree, if there is a lower number of houses on the market, then you might not be able to get the exact type of brick, or number of fireplaces you require.
  • AD9898_2
    AD9898_2 Posts: 527 Forumite
    House prices rising ? But approvals are less than 45% of their 2 decade average so if you want to sell your house you are in for a long wait. And that's the crux of the matter isn't it. Struggling homeowners may be able to sit tight and continue to ask a mythical sum for their house. But the spectre if rate rises must be on the horizon with inflation running at at least 8x base rate.

    Imagine a normal market with 90k approvals and banks willing to lend again. You may as well imagine as there is virtually no chance at current price levels. Hundreds of thousands in arrears, this despite record low rates and many many more dual income families than there were in the last crash.
    Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.
  • doire_2
    doire_2 Posts: 2,275 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Sibley wrote: »
    I have noticed a lot of sellers relisting their houses at increased prices since Christmas.

    Up to 10% added to original asking price. I know the bears will dispute this fact but it's happening. There sure as hell isn't going to be any crash.

    It's looking like sellers are standing their ground and won't except a penny less than they want. I wonder if these price rises have been added to allow a buyer a 10% discount making both parties happy. :rotfl:

    I did tell you bears this would happen.

    Another year and the same old rubbish from sibley
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