RICS - April - Market continues to Improve

Sibley

Oh well.
Get back into the pit of despair all the bears. :j

Jimmy_31

Sibley wrote: »

Oh well.
Get back into the pit of despair all the bears. :j

No despair here, I've saved thousands of pounds by not buying during the boom due to prices falling and all the while my deposit has been increasing so if I bought at today's prices I could probably finish paying my mortgage in 5 to 7 years and save myself even more money by overpaying.

The way things are with house prices at the moment I think I'm better of waiting,

johnwey

So we must just be special.

................ Your special alright

FTBFun

Jimmy_31 wrote: »

No despair here, I've saved thousands of pounds by not buying during the boom due to prices falling and all the while my deposit has been increasing so if I bought at today's prices I could probably finish paying my mortgage in 5 to 7 years and save myself even more money by overpaying.

The way things are with house prices at the moment I think I'm better of waiting,

Sorry this doesn't make sense - property prices haven't fallen to pre-boom levels yet so how have you definitely saved money? OK they've fallen since the peak but that's about it.

Sibley

This news has gone down like a cup of cold sick on certain websites.

Jimmy_31

FTBFun wrote: »

Sorry this doesn't make sense - property prices haven't fallen to pre-boom levels yet so how have you definitely saved money? OK they've fallen since the peak but that's about it.

When I was in a position to buy my first house the boom had already kicked in so I chose not to buy as they were to expensive. So that boom price is my starting price point.
I am now in a position to buy and prices have fell thousands of pounds below my starting price point so through me not paying a boom price I will save thousands.

I wish I had been in a position to buy my first home in my early 20s but as I was still in the early stages of learning my trade and spending thousands of pounds on tools and transport for work and also earning a low wage this was not possible, so the pre boom prices were not available to me so in money saving terms they are not really relevant.

Procrastinator333

New buyer enquiries net balance = 0.

New instructions net balance = + 18

Might be vendors testing the Market again, but the supply side is currently growing faster than the demand side.

geneer

Procrastinator333 wrote: »

New buyer enquiries net balance = 0.

New instructions net balance = + 18

Might be vendors testing the Market again, but the supply side is currently growing faster than the demand side.

Ask the bulls how this will effect prices.
They must know. They're always banging on about supply and demand.

abaxas

geneer wrote: »

Ask the bulls how this will effect prices.
They must know. They're always banging on about supply and demand.

The problem is not the supply of housing.

But the supply of housing that will/can be sold.

IE lots of specu-pricing on property hoping for a bite.

brit1234

I only rad the comments at the bottom and from Scotland to London it is moan moan moan:

"Its the banks fault

Its the bank holidays

Its the good weather (contrast to last years snow moan)

Summers coming

Autumns coming"


My favourite
David Lewis, Stags Estate Agents,
Totnes, South Devon, 01803 865454 -
2011 started well, although the last few
weeks have not seen the traditional
spring rush. There appears to be a
public perception that prices will fall
further which is holding both buyers
and sellers up in their decision making.
Uncertainty for any market is bad.
Hopefully Easter and a bit of sunshine
will improve motivation.