Estate agent - £25k reduction after a month

billy2shots

johnathan45 wrote: »

If the House Price Inflation is 1.0% and CPI is 1.5% ( data released today) then money invested in a property is a loss in real terms. Don't forget that you can get 1.45% in Marcus et al.

Don’t forget that’s up to £100k. Not too many places left in the Uk where £100k will buy you a house.

Alternatively, all regions will be sub £100k soon if we listen to you and Crashy.

justjohn

The market is very slow.


You will get complete numpties viewing. Most EA's no longer weed them out as any viewing is better than no viewings.


Valuations are estimates or gestimates. Soon as a EA give a valuation people think that's what its worth. Its often a top end figure, realistic in a perfect market.

Thrugelmir

billy2shots wrote: »

Don’t forget that’s up to £100k. Not too many places left in the Uk where £100k will buy you a house.

Perhaps not. But you get far more your £ the further you move away from regional centres. Nice areas too.

Crashy_Time

billy2shots wrote: »

I don’t recall the OP stating where in the country their property is maybe I have missed it)
Crashy likes to cherry pick data to fit a flawed argument.
The same as you have by using the SE of England and ignoring the rest.
London is its own microclimate having rocketed up in price in recent times.

Even with those 2 areas it doesn’t take away that the average house price in the Uk increased.
You can wade through old property listings and cherry pick as much as you like, it doesn’t change the fact that Uk house prices have increased in 2019 even with all the doom and gloom.

What happens when Brexit is sorted and sentiment changes? Faster growth?

How have average transactions fared? How does now compare to 5,10,15 years ago?

Crashy_Time

johnathan45 wrote: »

If the House Price Inflation is 1.0% and CPI is 1.5% ( data released today) then money invested in a property is a loss in real terms. Don't forget that you can get 1.45% in Marcus et al.

And money in property is very very illiquid, and sometimes it disappears all together. Marcus etc. seem to always have the money when you need it, at very short notice, but of course most people have been borrowing to blow this property bubble, they never actually had the money in the first place.

getmore4less

billy2shots wrote: »

Don’t forget that’s up to £100k. Not too many places left in the Uk where £100k will buy you a house.

Alternatively, all regions will be sub £100k soon if we listen to you and Crashy.

Excluding flats, 1bed, retirement and schemes and NI)

still pulls in damaged land and park homes.

even found one for offers over £1

diggingdude

The OP doesnt need their thread derailing by the likes of Crashy

fronty

Still no RM link?

AdrianC

fronty wrote: »

Still no RM link?

I suspect the OP is still surrounded by their toys, and won't be back.

GDB2222

AdrianC wrote: »

I suspect the OP is still surrounded by their toys, and won't be back.

In most of these threads, there’s some very confusing and contradictory advice. And it’s never, ever tactful.