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.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. 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!

Are we doing the right thing?

13

Comments

  • MobileSaver
    MobileSaver Posts: 4,372 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    roneik wrote: »
    Facts are in many areas prices are down and property sales numbers are down.

    Just no, that's not a fact and is at best you speculating and at worst just a blatant lie. The FACTS are that UK house prices are up 0.5% month on month and up 5% year on year. The only area down was London at -1% MoM (but still up 2.6% YoY.)

    UK House Price Index for August 2017
    Every generation blames the one before...
    Mike + The Mechanics - The Living Years
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    MobileSaver wrote: »
    Just no, that's not a fact and is at best you speculating and at worst just a blatant lie. The FACTS are that UK house prices are up 0.5% month on month and up 5% year on year. The only area down was London at -1% MoM (but still up 2.6% YoY.)

    UK House Price Index for August 2017


    What are sales volumes doing?
  • jimbog
    jimbog Posts: 2,281 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Check with the council planning website and building control at the council to see if the conversion has been given permission and 'signed off' - then reconsider your best offer (you may want to reduce it further)
    Gather ye rosebuds while ye may
  • Scotbot
    Scotbot Posts: 1,541 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Crashy_Time wrote: »
    What are sales volumes doing?

    Going down, which is precisely why prices are going up. Supply and demand.
  • Scotbot
    Scotbot Posts: 1,541 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    I was shocked to find most single garages wont fit a car in. Even some new builds round here have garages that are less than 2.8m wide. I have a medium sized hatch back and the minimum garage sized required to get it in and for me to get out is 2.9m.

    Garage quickly came off my essential list
  • Mutton_Geoff
    Mutton_Geoff Posts: 4,028 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Has the garage conversion got building regs approval or is it a bodge?
    Signature on holiday for two weeks
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Scotbot wrote: »
    Going down, which is precisely why prices are going up. Supply and demand.


    So less sales and higher asking prices are why the house in the OP has had no offers in two months?...Ah, ok I get it!
  • ceh209
    ceh209 Posts: 877 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Mutton_Geoff wrote: »
    Has the garage conversion got building regs approval or is it a bodge?



    I would investigate to make sure on the building regs but it was done by the original builders before the current owners moved in. It had planning permission as the whole thing is an extension to a listed building, I've already checked that out.


    Overall I'm not going to start arguing with the agent about the value, I've asked them to tell me what the owners would accept but it's not forthcoming. So for now they won't get an increased offer.


    We will look at other houses, but houses we like are few and far between. Fortunately we have just seen one other one that'll we'll go to view, and even better, it's on with the same agent!
    Excuse any mis-spelt replies, there's probably a cat sat on the keyboard
  • nobblyned
    nobblyned Posts: 705 Forumite
    roneik wrote: »
    Facts are in many areas prices are down and property sales numbers are down. Wages are in a downward trajectory ..Retail sales down, landlords hit by new rules bailing out of the market.. Opinions and facts, fact is in most regions prices are heading downwards followed closely by peoples willingness to be holding the baby when the music stops playing. just saying not an opinon this time , just saying:A
    OOH nearly forgot to mention BREXIT fears


    Wages are increasing, 2.1% at last measure
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    nobblyned wrote: »
    Wages are increasing, 2.1% at last measure


    Is that because less people are coming here and applying for jobs though?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture