Week before exchange and thinking of pulling out...

rudigarude

Dean000000 wrote: »

That house looks lovely.... think it’s cold feet

Agreed, that's a really nice house.

Crashy_Time

GDB2222 wrote: »

I don't think the only reason why prices are down is brexit.

Exactly, Brexit is just a side-show really, there are wider global conditions at work to reduce house prices.

Ian_875

bertiewhite wrote: »

Put it this way - as a kid, we used to joke that we'd put Crimewatch on to see if our mates were out playing and unless the place has been flattened, I'd say it's still the same.

It would appear to have been completely redeveloped since then:

https://www.bbc.co.uk/news/uk-england-beds-bucks-herts-46303630

connors07

So if anything with the redevelopment prices may rise as confidence in the neighbouring area improves.

I believe Brexit will see prices rise. In uncertain times people stick rather than twist. Those that are selling now either have to sell or can afford the bump; so they are lowering prices to encourage a sale. Once Brexit has happened and everyone knows where they stand we will still be left with the same issue; More demand than supply. As a homeowner I'd like the prices to come down so that more of my peers can get out of being rent-locked and own their home but its not going to happen.

Crashy_Time

connors07 wrote: »

So if anything with the redevelopment prices may rise as confidence in the neighbouring area improves.

I believe Brexit will see prices rise. In uncertain times people stick rather than twist. Those that are selling now either have to sell or can afford the bump; so they are lowering prices to encourage a sale. Once Brexit has happened and everyone knows where they stand we will still be left with the same issue; More demand than supply. As a homeowner I'd like the prices to come down so that more of my peers can get out of being rent-locked and own their home but its not going to happen.

Transactions have been falling for years, and an end to FOM is hardly likely to increase demand?

robatwork

There are plenty of local factors to take into account that outweigh Brexit.

Luton in particular has "benefitted" from a huge influx of people - from London who can't afford London, from Poland, Romania, elsewhere in Europe and especially Pakistan and Bangladesh.

Although that stress is easing as fewer from E Europe are coming in, and some are returning back there, the others are all still very much factors pressuring prices and demand in Luton and parts of the whole SE of the country.

Crashy_Time

robatwork wrote: »

There are plenty of local factors to take into account that outweigh Brexit.

Luton in particular has "benefitted" from a huge influx of people - from London who can't afford London, from Poland, Romania, elsewhere in Europe and especially Pakistan and Bangladesh.

Although that stress is easing as fewer from E Europe are coming in, and some are returning back there, the others are all still very much factors pressuring prices and demand in Luton and parts of the whole SE of the country.

Prices are being held up by low rates and HTB, not the number of people coming in IMO, and transactions are going nowhere. London will get cheaper as banks start leaving.

markin

AH1509 wrote: »

Vs this one reduced today on the next stree : rightmove.co.uk/property-for-sale/property-79158791.html. Can you even compare or am i being silly?

This is the winner the drive is usable easy to use, the living space is nice and wide not a narrow coffin.

AlexMac

It's ten days since the Original Post said you had to excahnge in a week....

What did you do, AH...?

AH1509

I paid for a home buyers survey. Prayed for guidance viewed another and before the report came back I pulled out on the Monday morning. So glad i did.