RICS - sales expectations up

lisyloo

https://www.bbc.co.uk/news/business-51127329


Personally I think this is generally good news.
Those looking to buy may disagree but they've had a chance to get a bargain during uncertain times which brings up an important point. when everyone is confident you won't get a bargain and if you want a bargain you need to take a risk during uncertain times.

RelievedSheff

We are hoping that buying a house last year during uncertain times is going to have been a wise move!

It would be nice if we had some better luck with the property market with this new house than we had with our last one!!!!

Thrugelmir

Hardly any bargains to be had. Was a dearth of properties for sale around here. Market has already picked up in the past couple of week. Though asking prices are somewhat toppy.

webjaved

I've not come across any bargains, if I did I would be a homeowner by now. I've noticed that house prices have crept up at the start of the year. So it's good times for those sellers that wanted to sell last year but didn't because of uncertainty (Brexit).

PasturesNew

There's been no "chance to get a bargain" ... as so few were for sale.

I have seen some at £360k down to £300k ... but I still didn't want them as they were still overpriced/opportunists.

New year "flooding the market with property for sales" hasn't happened.... just back from a viewing, agent said "nothing is coming onto our books". I was keeping a tally of "everything you could afford/like it or hate it" up to Xmas thinking "see the bounce occur", there used to be 60-70/day appear, now only 40/day this year.... some of which are only appearing as they've dropped in price.

lisyloo

I stand corrected but still goes against the idea of waiting for bad times to get a bargain as they may just not be available.

Skeptical_Saver

I managed to get a bargain just before Christmas. I put that down partly due to not many people buying before Christmas, the fact it was a property company selling after buying it cash for a lower price and then also because nobody knew what the outcome of the election was going to be and things could have looked very differently in regards to brexit deal/another extension and/or a socialist government pouring money into social housing.

movilogo

Anyone with vested interest in house price going up will always report uplift.

Ever asked an insurer whether you need insurance or not?

lisyloo

movilogo wrote: »

Anyone with vested interest in house price going up will always report uplift.

Ever asked an insurer whether you need insurance or not?

Rics certainly do not always report an uplift, although I would agree it’s good to look at a range of indicators.

Anyone with investments will see that things have changed since the election result.

Do you have a sipp or investment isa? What’s happening with that?