Everything is selling fast, within hours if priced right.

MrRee_2

No supply and heavy demand is bad enough for silly, fly away house prices ..... add to that government money and mortgage guarantees and it's skywards and upwards through the clouds!

makeyourdaddyproud

The inheritance feeding frenzy from sickly baby boomers is in part responsible for house price growth - I can imagine prices being twice what they are now in 3 years so long as this frenzy continues apace.

Everything that has bricks will sell eventually under this paradox so long as there's money sloshing in banks, the assistance scheme and lending is better than in 2008.

The biggest gainers will be those work from homies in villagey non-commuter belts with pretty houses.

ging84

where is this fire?
http://www.home.co.uk/guides/time_on_market_report.htm?county=hants&lastyear=1

i see a slight reduction in time on market since last year, hardly evidence of properties selling within hours

moneyistooshorttomention

What "inheritance frenzy from baby boomers"?

I would have thought that most baby boomers are safely settled in our Forever Homes by now. I think I'm an exception to the rule in not having mine yet...but will shortly at last (and not from inheritance either..). I would think most of us got our final homes in our 30s or 40s (so have had them for some time by now).

Any time I google for the topic of us moving at our age up comes stuff on downsizing (the presumption being that, at our age, any move will be to downsize).

NB; Chips (on shoulders) are nice with mayonnaise...

ognum

moneyistooshorttomention wrote: »

What "inheritance frenzy from baby boomers"?

I would have thought that most baby boomers are safely settled in our Forever Homes by now. I think I'm an exception to the rule in not having mine yet...but will shortly at last (and not from inheritance either..). I would think most of us got our final homes in our 30s or 40s (so have had them for some time by now).

Any time I google for the topic of us moving at our age up comes stuff on downsizing (the presumption being that, at our age, any move will be to downsize).

NB; Chips (on shoulders) are nice with mayonnaise...

I don't think the poster is talking about forever homes, he is alluding to the BTL empires of some baby bombers who are stocking up on property to pay their pensions as their savings ate making no money.

Hands up, I am one of them but I can't say it's an empire nor were they all bought from inheretence but I do have one house that I did inherit.