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FTB's - Buyer beware
Comments
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Chris,
Try and hold on for a while.
As i said Peterborough is at a standstill so wait for a while and keep an eye on what the local housing market is doing.
We have a good deposit, but are not looking to buy at the minute, we are just looking to rent a slightly bigger house and use the interest from our savings to cover part of the rent.
As i said all the houses we went to view are both for sale and up for rent.now what does that say???
desperation?0 -
Land registry showed Peterborough as 0 rises in december!
Looking back at the data for Peterborough that has only happened once or twice before. I get the impression the market is turning myself as others have posted similar findings on this forum. Personally I'm looking for a 1 bed flat in west London and you can still pick these up at the same price as 4-5 years ago! each area is a market in its own right, but that's not to say the the cult of overvaluation will never end ... maybe it has run its course and we will see more realistic prices as interest rates rise ....0 -
I'm kind of hoping for a crash because it is disgraceful how expensive property is. That said I am in the position where I would lose money if there was a crash but hopefully I'd lose lessthan the difference between my house and the next step on the ladder IYKWIMDebt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.0
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