Rightmove Feb - Asking prices surge 3.1% as sellers demand higher prices

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HAMISH_MCTAVISH wrote: »

As much as is needed to lend at reasonable LTV's and LTI's.

I'd suggest 350 bn is probably about right though. Not likely to happen as it's £210 billion short at the min, why would that be ?



False. You know nothing of the sort.

The performance of UK mortgage backed securities has been very good. Even Northern Rocks "bad bank", split off to contain the very worst of it's MBS tranches with all the 125% loans, returned a profit last year in excess of £300,000,000. If the securities were so good, why aren't they lending again like there is no tomorrow ? Why do banks want massive deposits and huge fees if the UK mortgage consumer is 'good for it' ?

Honestly I understand that you have a lot riding on house prices not falling but c'mon mate, you're saying one thing and the whole UK banking industry is doing something else.

HAMISH_MCTAVISH

doire wrote: »

Nick Hopkinson, Director of PPR Estates, said:

Nick Hopkinson, director of PPR Estates, a company which buys up distressed properties, said,

Yeah, there's no VI there or anything....

ukcarper

Graham_Devon wrote: »

Well at least asking prices are in favour again.

We need a bounce-o-meter of some sort to show when asking prices are in favour and when they are not, and don't actually mean much to the price paid.

Don't usually agree with you, but I must admit I find it quite funny that when they rise the bulls quote them and the bears denounce them and when they fall it is the other way round.

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HAMISH_MCTAVISH wrote: »

Nick Hopkinson, director of PPR Estates, a company which buys up distressed properties, said,

Yeah, there's no VI there or anything....

That's a fair point, but from what I read, see and hear in the media the VI is about 99% in favour of house price rises, probably because every head of every media outlet is likely to own at least one property if not more.

The bias is quite shocking and both sides of the argument are rarely heard.

Heyman_2

All this talk of sellers doing this and that - I think most people I know who have ever sold a property have followed the usual path i.e. find an estate agent who then 'values' the house and puts it on the market.

Surely in most cases it's the EA who sets the price rather than the seller?

the_flying_pig

Heyman wrote: »

All this talk of sellers doing this and that - I think most people I know who have ever sold a property have followed the usual path i.e. find an estate agent who then 'values' the house and puts it on the market.

Surely in most cases it's the EA who sets the price rather than the seller?

exactly right.

you often hear shipside or whatever his name is whistfully muttering that sellers need to become more realistic or whatever but this ignores the obvious fact that the vast majority of sellers are entirely reliant on the advice of EAs when setting a price for their house. if you half-suspect your house is only worth £100k but a so-called expert suggests that you list it for £125k, it's only human to at least have a go at selling it at the higher price, unless you're the kind of person who's indifferent towards potentially missing out on twenty five grand.

martinbuckley

I've just upgraded to Sky HD and got a new HD box. I've put my old Sky+ box up for sale for £50, even though they generally fetch around £35 on e-bay. I'll probably accept an offer of £35, because thats what 2nd hand Sky+ boxes sell for - I'm just chancing my luck with the asking price.

However, in the interest of fairness, should we have a headline about the asking price of Sky+ boxes rocketing by 50%?

Mallotum_X

martinbuckley wrote: »

I've just upgraded to Sky HD and got a new HD box. I've put my old Sky+ box up for sale for £50, even though they generally fetch around £35 on e-bay. I'll probably accept an offer of £35, because thats what 2nd hand Sky+ boxes sell for - I'm just chancing my luck with the asking price.

However, in the interest of fairness, should we have a headline about the asking price of Sky+ boxes rocketing by 50%?

Dont sell it for less than £50, hang on forever asking £50, that way it never will fall in value and you will be rich, rich rich...

geneer

Sibley wrote: »

Smeagold, Graham Devon, The Fox, Doire, Dr Gloom, Bruce Banner, all of HPC website and all the bears on here.......


You boys have taken a hell of a beating today :rotfl:

I think we all know where the only beatings have been happening today.
You and the rest of the bull trolls could do with some ointment to sooth the chaffing. :rotfl:

geneer

http://www.estateagenttoday.co.uk/news_features/Housing-market-on-brink-of-double-dip-warning#comments

ESTATE AGENT TODAY: Asking prices bounce up amid double dip warnings


Rightmove also made it clear that many properties listed on its site are unlikely to sell in a hurry – at any price.

Rightmove said that last year it marketed 1.3m properties – against only 530,000 mortgages granted. It said that 2011 is set to be same and that there would be more people seeking ‘desperate housing solutions’, including limbo-landlords.



The jump in asking price widens the already yawning gap between what house sellers want and what they end up getting.