When does the housing market begin to pickup again? New year or the Sping?

moneybunny123

Hertfordshire, shame. If you ever fancy a move "oop north" then let me know. Good luck trying to find somewhere x

myhouse_2

I'm a buyer and I prefer to look over winter - normally less people in competition. Of course recently that's not been an issue any time of year. I am however planning to step up my search from now - I'm quite happy to move on Xmas day if necessary. I have seen a few houses come on this month which is perhaps surprising, but the property market goes on all year. To answer the initial question though, houses start to appear in greater numbers March-June as sellers expect to get better money out of a sale at that time of year. This year though, as with last year, there will be lots of optimism initially which will peter out into continuing low volumes and falling prices.

Gwhiz

G_M wrote: »

Gwhiz hasn't got a clue. Don't listen to him.

It's May 2013.

It's true, I'm clueless. I forgot to take off the number I first thought of and divide by the remainder

Gwhiz

I exchanged last week and an completing Nov 30th. I don't think there is any normal time any more in this market.

callmechar

Thanks everyone...been looking for a while now and nothing has really grabbed me. Good to know its a buyers market and to carry on looking and this is a good time of year after all...

lincroft1710

callmechar wrote: »

Thanks everyone...been looking for a while now and nothing has really grabbed me.

I'll let you into a little secret. Very, very few houses are "special", and most of those that are will be out of your price range. You'll probably end up having to compromise on one or more of your requirements.

Even in the "lean" months houses will still come on to the market.

kk20

It isnt really a buyers market though - the market isnt awash with properties (well in my area at least). People know that houses arent selling so they dont bother putting on the market as the market is low. Only people who HAVE to move are on the market, then its a vicious circle. Only repos are bargains (as per usual) as people still have bottom lines. Then you have the county divides, prices in cumbria have been creeping up slightly at the low an middle end - only the top end declining. Other counties (lanacashire) have been dropping like bricks. Yorkshire anomalies (wombwell and barnsley) have been increasing.

Who knows. When all said and done it makes no difference unless you are in neg equity (or selling an investment for cash) as your house is worth X to someone and likewise the house you buy is worth Y to you - they are probably both increasing and decreasing at the same rate so it is paper money.

After buying a BTL a few months ago I have another AIP for another BTL in place now but I cannot get a sale. Im looking at the very bottom of the market though and looking to shave 10% off the prices - hard bargaining. So obviously noone is THAT desperate yet but then again I am also not desperate to buy, as long as prices drop I am happy to wait.

jojo1964

As the population estimate of 70 million has been brought forward, the green shoots of recovery (in the housing market) could be sooner than anticipated, people have to live somewhere.

googler

Whilst in a normal, healthy market, things would vary between the seasons, some commentators would suggest that things are so depressed at the moment that it'll make next to no difference ....

kk20

jojo1964 wrote: »

As the population estimate of 70 million has been brought forward, the green shoots of recovery (in the housing market) could be sooner than anticipated, people have to live somewhere.

yes. They rent.