House prices 'unchanged in May'

Incisor

sympatex wrote: »

Tradetime, for me its been frustrating because i've been saving for moving out during the 'good times' (3years) and get into a position with deposit, life and desire. Just in time for the peak to be reached and about to slide off into the 'bad times' (for home owners). So now having to wait perhaps 6months, perhaps 12, perhaps 5years?! I'm definitely sitting out for 6months but after that be keeping a beedy eye on an opporutnity to afford a house that i can stay in for along time so that if things continue to get worse at least i can hide!

So, you got yourself near to the top of the pile for moving into owner occupation and now you are peeved that you didn't get the opportunity to leap over the cliffedge at its highest, along with the lemmings.

Don't worry, you are still just as near to the top of the pile, to get a mortgage as you ever were. And when you get to take on a mortgage, the cliff edge will be gone. In other words, if you buy at the bottom, you don't have to take all of the risks of negative equity.

_bankrupted

sympatex,

You must be my neighbour!!

The thing about Frimley Green and the surrounding area is that in general over the last 5 years house prices have increased around 5% annually. If you say that wage inflation over those years has been 4% annually you see that in real terms (relative to wages house prices have been flat). Now a great deal of the rest of the UK has seen prices almost double in that time, equating to around 15% annual increase.

In my opinion the South East is now the cheap part of the UK.

House prices are going to fall in the UK substantially. But not in all areas. I think Frimley green (Guildford) area will fall only marginally.

mr.broderick

neverdespairgirl wrote: »

The land registry is catching up with the times.

Nah figures just unchanged, no spin, no angles, it's just fact...can't argue with facts.

annie123

mr.broderick wrote: »

Nah figures just unchanged, no spin, no angles, it's just fact...can't argue with facts.

The fact is that the land registry figures are sales done December /January which completed in April/May.

I am an EA and prices have gone down every month since October and the only way that I could get sales figures back up is to put '50% off every property or BOGOF' across my window but I cant do that its not my property!!

mr.broderick

annie123 wrote: »

The fact is that the land registry figures are sales done December /January which completed in April/May.

I am an EA and prices have gone down every month since October and the only way that I could get sales figures back up is to put '50% off every property or BOGOF' across my window but I cant do that its not my property!!

Try doing your job, you had the good times, get used to it

annie123

mr.broderick wrote: »

Try doing your job, you had the good times, get used to it

I won't take that comment personally!
I have been in the business since 1982 so I have seen it all before.

ler01kjh

tradetime wrote: »

No we aren't in a recession yet, but you'd be brave to bet against it.

.

I bet against it

mr.broderick

annie123 wrote: »

I won't take that comment personally!
I have been in the business since 1982 so I have seen it all before.

Take it how you want, you help ramp prices up so deal with it.

fc123

mr.broderick wrote: »

Try doing your job, you had the good times, get used to it

I like the idea of BOGOF's for houses. Shame one can't persuade the vendors to play supermarket marketing / pricing tactics.

ler01kjh

mr.broderick wrote: »

Take it how you want, you help ramp prices up so deal with it.

Nasty moneysaver.

Sentiment towards EAs agreed, but we should all be capable of being cordial. Good luck.