Who else is selling and buying during Brexit

lisyloo

Crashy_Time wrote: »

https://citywire.co.uk/funds-insider/news/monday-papers-london-property-transactions-drop-to-decade-low/a1195314?ref=citywire-money-latest-news-list

That link is for London where we know prices are falling but are an exception.

Crashy_Time

lisyloo wrote: »

That link is for London where we know prices are falling but are an exception.

The link is about transactions, prices are also falling because there isn`t the demand for the number of properties available.


http://www.naea.co.uk/lobbying/housing-market-reports.aspx

lisyloo

Seems to say the market is remarkably resilient despite Brexit.


Can you point to where it says prices are falling please? (with the exception of London)

HOUSING MARKET STILL MOVING, DESPITE BREXIT WOES

“This month’s findings prove that despite the current political climate, people still want to move. There is movement in the market with demand from house hunters up 13 per cent year-on-year, and the supply of available properties also rising. Although the number of sales agreed hit a 12-month low, this is something we always see in December, with Christmas festivities typically taking priority over any plans to buy or sell.
“While many are adopting a ‘wait and see’ strategy until there’s further clarity over what Brexit might mean for the market, there is choice for those who want to buy now, and there are people on the market looking for new homes.”

Crashy_Time

lisyloo wrote: »

Seems to say the market is remarkably resilient despite Brexit.


Can you point to where it says prices are falling please? (with the exception of London)

You mentioned prices, my links are about transactions falling as supply increases. Headline price stats from mortgage lenders ceased to be meaningful a long time ago.


"As sellers continued to market their homes in December, the supply of available housing increased by a fifth"

lisyloo

No, you mentioned it in post #43 and I'm asking you to back that up

prices are also falling

Was that a mis-type?

Crashy_Time

lisyloo wrote: »

No, you mentioned it in post #43 and I'm asking you to back that up


Was that a mis-type?

You mentioned prices falling in post 42, and I responded. What are your views on the transaction numbers and the increasing supply of available property for sale?

Crashy_Time

lisyloo wrote: »

That link is for London where we know prices are falling but are an exception.

Yep, sure you mentioned them first

lisyloo

You mentioned prices falling in post 42, and I responded.

So you agree you said they ARE failing in post #43 (in black and white) and refuse to back it up?

lisyloo

What are your views on the transaction numbers and the increasing supply of available property for sale?

A number of people are cautious due to brexit and affordability is hitting the buffer. The market is proving remarkably resilient in the face of brexit which just shows how much people want to buy property and get on with their lives despite the uncertainty.


The increased supply of property does not seem to be translating in price falls at the moment as far as I can tell, but if you have evidence then please present it.


The evidence is that people who try to time the market generally do a lot worse that those who just get on with it and falling prices are not necessarily an issue over the long term. I've experienced them myself and it's not caused an issue, quite the opposite in fact.


Please tell us how old you are and what type of accomodation you live in so that we can judge your personal success. I don't expect an answer from this because I think you either live in a grotty HMO or your parents back bedroom at 50 - feel free to dispute and tell us how you did so well so posters can decide how seriously to take your comments.

Crashy_Time

lisyloo wrote: »

So you agree you said they ARE failing in post #43 (in black and white) and refuse to back it up?

You said they are falling in London and I agreed they are falling BECAUSE supply is outstripping demand (among other things).....so what was your point again? You don`t really believe the stats from mortgage lenders do you? Those stats will be massaged to show price rises until they just can`t anymore, and you know what, it doesn`t matter anymore because people see the bigger picture now and are not taken in by it like they used to be, hence transactions will fall until prices follow.