Buy now or wait till BREXIT

Crashy_Time

MobileSaver wrote: »

When did we have zero rates?

The "massive central bank bailout" was over ten years ago...

Do you really, really believe it is not supply and demand holding prices up?

https://www.telegraph.co.uk/business/2019/01/13/quantitative-easing-reversal-suck-12trillion-global-financial/


https://www.bankofengland.co.uk/monetary-policy/quantitative-easing

Crashy_Time

lisyloo wrote: »

I do.
Supply is contrained and people ar being outbid on properties - you can read about it here everyday.


I am not saying the market is booming (as I know you frequently take things out of context).
Supply is constrained and prices are set at the margins.
In most areas of the country (London excepted) prices are still rising even though we've have rising rates and brexit uncertainty.

Can you quote an example?

Secretagentsssshhhh

Currently selling property at moment. Been on market for 4 days. 1 offer for home report valuation made after less than 48 hours on market. Agent about to set closing date. 4 parties bidding so far. 5 more viewers booked in this week so far. I’m in Edinburgh. Property risen in value over last 4 years and is being sold for correct value not any kind of ‘quick sale’ price.

Secretagentsssshhhh

P.s. my bidders so far are 1 investor, 2 first time buyers and 1 parent buying for their child.

No doubt crashy will be along in a minute to tell everyone why my real life example of supply being less than demand is flawed.

lisyloo

Crashy_Time wrote: »

Can you quote an example?

I could, but Im going to choose to help someone else instead with useful questions to ask EAs.
Happy for others to judge on what they see of your contribution and mine.

letsbetfair

Secretagentsssshhhh wrote: »

Currently selling property at moment. Been on market for 4 days. 1 offer for home report valuation made after less than 48 hours on market. Agent about to set closing date. 4 parties bidding so far. 5 more viewers booked in this week so far. I’m in Edinburgh. Property risen in value over last 4 years and is being sold for correct value not any kind of ‘quick sale’ price.

That's similar to the experience of a friend who sold a 1 bed place in Edinburgh recently. No idea what's going on in Dundee at the moment - more places than usual going to a closing date, and prices also being dropped on more places than usual.

There does seem to be a lot of local variation, and just general uncertainty...

Crashy_Time

lisyloo wrote: »

I could, but Im going to choose to help someone else instead with useful questions to ask EAs.
Happy for others to judge on what they see of your contribution and mine.

:rotfl: But you accused me of making statements without backing them up (even when I posted the links as evidence) now you are making statements (about posters, not stats) and failing to back it up?

Crashy_Time

Secretagentsssshhhh wrote: »

P.s. my bidders so far are 1 investor, 2 first time buyers and 1 parent buying for their child.

No doubt crashy will be along in a minute to tell everyone why my real life example of supply being less than demand is flawed.

Got a link?

lisyloo

Crashy_Time wrote: »

:rotfl: But you accused me of making statements without backing them up (even when I posted the links as evidence) now you are making statements (about posters, not stats) and failing to back it up?

Here’s one

https://forums.moneysavingexpert.com/showthread.php?t=5953884

Post #6 out of context.

Sorry I could back it up during working hours, I’m not here 24/7 but job done now I think.

Context is super important.

lookstraightahead

I'm out small town everyone is being silly with houses priced by over ambitious agents and owners. But nothing is selling. There's a pattern - house overpriced, try to rent it out at overpriced amount, neither works, sold at about 20% less than asking price or taken off market. Rinse and repeat.