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!
Sellers' gloom over property market inactivity
Aberdeenangarse
Posts: 1,262 Forumite
Fourteen homes were sold per UK estate agent in the three months to August - the lowest total for more than two years, a survey has found.
http://www.bbc.co.uk/news/business-14885963
There is some good news though
"A quiet period over the summer has been followed by a return to previous levels of activity, not busy, but buoyant by comparison with most areas," said Gordon Macdonald of Allied Surveyors in Aberdeen.
http://news.scotsman.com/politics/Housing-demand-sales-and-prices.6835328.jp
0
Comments
-
The Scotch housing market will always be behind the curve, but do not panic OP. things will get better in the end.0
-
For those who want to delve further, here's the actual report.
http://www.rics.org/site/download_feed.aspx?fileID=10407&fileExtension=PDFIf I don't reply to your post,
you're probably on my ignore list.0 -
Virtually unchanged from last month.
11% report rising prices.
53% report stable prices.
35% report falling prices.“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: »Virtually unchanged from last month.
11% report rising prices.
53% report stable prices.
35% report falling prices.
Have 1% given up and had a hissy fit?0 -
The spin cycle has just started.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
-
The report in a further 3 months will be interesting.
There are supposedly more 90% LTV mortgages available, and it now looks very likely that interest rates will remain low for years to come. If transaction levels remain low despite these favourable conditions for the housing market, then it suggests that we may face a price crash as soon as the economic winds change and rate rises become more likely."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
MacMickster wrote: »There are supposedly more 90% LTV mortgages available,
Just 0.9% of mortgages lent in Q2 were at 90% or above.
If you think that is "favourable conditions" you quite frankly need to have your head examined.“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: »Just 0.9% of mortgages lent in Q2 were at 90% or above.
If you think that is "favourable conditions" you quite frankly need to have your head examined.
I'm sure I have been reading posts on this forum over the past year or so, excitedly stating that yet another favourable mortgage deal has been made available. Looks like that excitement was a bit premature.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
The Scotch housing market will always be behind the curve, but do not panic OP. things will get better in the end.
The "Scottish market lags behind the UK" is is a bit of a myth to be honest.
Have a look at these two graphs and please explain the lag correlation you refer to.
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
47thElement wrote: »The fact is we still have easy credit, not as easy as it was but the real credit drought has not yet come. When credit really dries up, then house prices will come down even more.
Will it?
Surely the likelyhood is that if credit dries up further, the market will shift even more toward rental property, pushing the rental market into an even stronger place to position an investment.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall: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
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards