Estate agents seeing "blood in the water"

Thrugelmir

kinger101 wrote: »

I think "tumbled" is more than a slight exaggeration for a 0.7% annual fall. Their problem of course isn't falling house prices, but reduced volume, and increased competition from online agents.

Purple bricks is more successful overseas than in the UK.

Thrugelmir

shirlgirl2004 wrote: »

Now isn't the time to sell, prices will be on the up before the year is out.

Autumn isn't a good time to market a property.

chucknorris

shirlgirl2004 wrote: »

Now isn't the time to sell, prices will be on the up before the year is out.

Now to me, means sometime in the next few years (not next week). I can't/won't sell this tax year anyway, as I have already sold shares up to my CGT allowance.

shirlgirl2004

Thrugelmir wrote: »

Autumn isn't a good time to market a property.

Didn't suggest selling this year at all.

kinger101

Thrugelmir wrote: »

Purple bricks is more successful overseas than in the UK.

I think you've read a different set of accounts to me.

kabayiri

chucknorris wrote: »

Now to me, means sometime in the next few years (not next week). I can't/won't sell this tax year anyway, as I have already sold shares up to my CGT allowance.

You're not in an exposed position anyway Chuck. I'm pretty sure you were on the right side of timing when it comes to buying property. There will be a lot of people who will see a net gain, even if there is a slight drop.

My only real concern is with late entrants to the London market, particularly those who over extend themselves. This is what hurt people in the early 90s crash.

HPC_Ghuol_Hunter

It saddens me that people like Graham spend their lives googling House Price Crash rather than knuckling down and getting on with life. What a waste of time and money renting just to pay off your landlords mortgage for him. Graham it!!!8217;s high time that you came to your senses, cut your losses, and moved on.

chucknorris

kabayiri wrote: »

You're not in an exposed position anyway Chuck. I'm pretty sure you were on the right side of timing when it comes to buying property. There will be a lot of people who will see a net gain, even if there is a slight drop.

My only real concern is with late entrants to the London market, particularly those who over extend themselves. This is what hurt people in the early 90s crash.

I remember that well, I bought mostly in the early 90's, during that crash. You are correct, I'm not exposed at all, it is just that I've just had enough of investment property after 27 years, and as I near the end, a little impatience is surfacing.

chucknorris

HPC_Ghuol_Hunter wrote: »

It saddens me that people like Graham spend their lives googling House Price Crash rather than knuckling down and getting on with life. What a waste of time and money renting just to pay off your landlords mortgage for him. Graham it!!!8217;s high time that you came to your senses, cut your losses, and moved on.

Unless something has changed, I think Graham bought years ago in a shared ownership scheme.

HPC_Ghuol_Hunter

No that is my mistake. I keep getting Graham and Crashy confused. There is a certain tone of sadness threaded through both their postings.