Rightmove.. YOY up and sales on the up

triathlon

https://www.thetimes.co.uk/article/buyers-return-to-housing-market-after-prices-slide-f006hsxbg

How many times did I say it and with Brexit only weeks away, a weak £ would only encourage more buyers and I am convinced as sterling drops more it will get better with more foreign buyers taking advantage, not that it needs to fall in value l anymore.

If a miracle happens and Brexit is cancelled property prices will rise even more.

Great stuff:(

edgex

Can't read the rest of the article

Homebuyers have come back into the market, but only after a further fall in house prices this summer.

The average asking price in the past month was down by 1 per cent, or nearly £3,200, to £305,500, according to the latest figures from the property website Rightmove. That comes after a 0.2 per cent fall in the previous month.

That makes no sense. If 'come back into the market' means 'actually buying', well those purchases would have been started at least a month ago, so prior to the asking price fall in the past month. Therefore either asking price falls of such a small % have no impact, or they are dropping asking prices because actual sold prices are dropping, & likely by a greater %.

triathlon

edgex wrote: »

Can't read the rest of the article



That makes no sense. If 'come back into the market' means 'actually buying', well those purchases would have been started at least a month ago, so prior to the asking price fall in the past month. Therefore either asking price falls of such a small % have no impact, or they are dropping asking prices because actual sold prices are dropping, & likely by a greater %.

Bare in mind there is always a fall in August, along with it supposedly being a bad month and with all the negative feelings around Brexit things are looking very good in the property market.
I sold two of my properties this year as a buffer for the huge problems I thought Brexit would cause, I still feel that way on the whole, but not when property is concerned, I regret selling them now, but my logic was sound at the time.

MaxiRobriguez

Brexit isn't really the problem.

The problem is price-to-salary ratios means those with a mortgage looking to move up are struggling to do so.

There's limited upside potential for house price rises in my view. Foreign buyers may offset major declines in concentrated areas like London and Manchester, but not sure there would have been major declines anyway as interest rates are still low and people can choose to sit in the homes and wait for a deal that suits them as they're not forced sellers.

I expect flat market with low activity to persist after Brexit, whatever the Brexit outcome is.

BikingBud

triathlon wrote: »

I regret selling them now, but my logic was sound at the time.

What a bizarre statement.

You gambled as many have done, and continue to do, with house prices but you were able to justify to yourself that it was correct.:T

Wow that must have been an intense discussion.

I hope you are giving yourself an almighty kicking now:rotfl:

triathlon

BikingBud wrote: »

What a bizarre statement.

You gambled as many have done, and continue to do, with house prices but you were able to justify to yourself that it was correct.:T

Wow that must have been an intense discussion.

I hope you are giving yourself an almighty kicking now:rotfl:

I took a lot of profit in case things became tough in the next few years, they still might, and I still have seven other properties, some with far more equity.
Yes life is awful :rotfl:
How is bedsit life and the two decade wait for the "inevitable" property crash

BikingBud

I think you will find its "Bedsit Land"

Dancing laughing
Drinking loving
And now I'm all alone
In bedsit land
My only home.

I'm waiting for something
I'm only passing time

Songwriters: David James Ball / Marc Almond

phillw

BikingBud wrote: »

You gambled as many have done, and continue to do, with house prices but you were able to justify to yourself that it was correct.:T

Yes, if you regret taking gambles that don't pay off as well as you hoped then you end up paralyzed with fear. Which is I guess where you are.

triathlon

phillw wrote: »

Yes, if you regret taking gambles that don't pay off as well as you hoped then you end up paralyzed with fear. Which is I guess where you are.

Exactly

How dumb to wait for that magical day when all of lifes problems just vanish and you without effort just walk into a home stress free. Tell me all the homeowners on here, like me did you find numerous difficulties and sacrifices you had to make in those early years?

edgex

MaxiRobriguez wrote: »

Brexit isn't really the problem.

The problem is price-to-salary ratios means those with a mortgage looking to move up are struggling to do so.

There's limited upside potential for house price rises in my view. Foreign buyers may offset major declines in concentrated areas like London and Manchester, but not sure there would have been major declines anyway as interest rates are still low and people can choose to sit in the homes and wait for a deal that suits them as they're not forced sellers.

I expect flat market with low activity to persist after Brexit, whatever the Brexit outcome is.

Owner occupiers can probably sit it out
However, those that bought up brand new city centre apartments on BTL mortgages...

BikingBud

triathlon wrote: »

Exactly

How dumb to wait for that magical day when all of lifes problems just vanish and you without effort just walk into a home stress free. Tell me all the homeowners on here, like me did you find numerous difficulties and sacrifices you had to make in those early years?

All life's problems will only go away when we pop off this mortal coil and by that stage we are all equal again anyway so nobody really cares.

You sit their making judgments on other people without having the slightest idea about their education, their employment, their wages, their family circumstances, their health, their political persuasion, their location and consider that only you and others that have been lucky on the property market have got things right in their lives.

Stop being a Walt and get a real life mate.