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15% house price rise ??
Comments
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pollyanna wrote:on the seafront just outside newcastle
I doubt very much you would see a 15% rise in necastle & surrounds, after all wages in the area from what I know arnt rising by that much.
If it was in london you MIGHT see it, but I would be exceptionally sceptical in the north east.:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
Most people who make a profession out of BTL (not amateurs) seem to suggest now is a good time to get out. The prices are still high and selling shouldnt be too hard. The future is uncertain and it does seem like there is a chance of significant slowdown. The very last thing you would want is to wait and get caught out in a slowdown.
So it is a game of play it safe and sell and you will do well. Get greedy and wait and ramp up your risk...2 + 2 = 4
except for the general public when it can mean whatever they want it to.0 -
A shrewd investor will sell on the rise and buy on the drops...they won't wait for the absolute peak or absolute rock bottom, unless of course they have some form of inside information that is.
I'd be less concerned about what your letting agent thinks might happen and be more concerned about what's right for you.
If selling up now is what's good, then go for it, if you're in for the long term and the property is a nest egg, then keep it.0 -
advent1122 wrote:Is it in the interest of the management company that you do not sell?
Exactly what I was going to say
Seems to me they don't want to lose the commission they're earning from managing your property - but then again cynicism is not one of my better points... 0 -
I'm with the saint here, and actually if anywhere in the UK will rise 15% Newcastle/Leeds/Hull etc are just the places to do it with low value high yielding anomalous value properties being bought by London landlords bored with tiny yields. Thats me by the way...!0
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The North East has many houses that are well-affordable. If I had to gamble on whether largest rises (if any) were likely to be in London or Newcastle, I'd go for Newcastle.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Oh come on.
This is nothing to do with property prices, the agents don't want to lose their management fees!0 -
advent1122 wrote:Is it in the interest of the management company that you do not sell?
Exactly!
I walked into a Ford garage yesterday and said i'm looking for a new car but fancied a BMW.....the Ford salesman said Ford drivers will be pulling more birds over the next 12 mths......I suppose I should I get a Ford then
If you are going to ask someone for opinion....take into consideration their vested interest0 -
How is the Aussie market?.I was under the impression it had dipped.So maybe its a good time to sell here and buy over there.:beer:In an Acapulco hotel:
The manager has personally passed all the water served here.:rotfl:0 -
btloptingout wrote:Exactly!
I walked into a Ford garage yesterday and said i'm looking for a new car but fancied a BMW.....the Ford salesman said Ford drivers will be pulling more birds over the next 12 mths......I suppose I should I get a Ford then
If you are going to ask someone for opinion....take into consideration their vested interest
Damn, I have a BMW. That's just my luck.0
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