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  • FIRST POST
    • Former MSE Helen
    • By Former MSE Helen 20th May 13, 9:31 AM
    • 2,324Posts
    • 971Thanks
    Former MSE Helen
    MSE News: House asking prices reach new high
    • #1
    • 20th May 13, 9:31 AM
    MSE News: House asking prices reach new high 20th May 13 at 9:31 AM
    "Average house asking prices have risen to £249,841 this month, property website Rightmove reports today...."

    Read the full story:

    House asking prices reach new high




    This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.


    Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.

Page 1
  • Caveat Mortgagor
    • #2
    • 20th May 13, 9:39 AM
    • #2
    • 20th May 13, 9:39 AM
    Ive just put my 3 yr old Fiesta up for sale at £254,385.00

    Its a record asking price for a 2009 Ford!
    • NPowerUser
    • By NPowerUser 20th May 13, 11:20 AM
    • 403 Posts
    • 693 Thanks
    NPowerUser
    • #3
    • 20th May 13, 11:20 AM
    • #3
    • 20th May 13, 11:20 AM
    Following the news from Zoopla, which reported last week that the number of sellers who drop their asking prices has fallen to the lowest number in 3 years.

    Probably a sign that the house price crash wannabes will have to carry on renting whilst interest rates stay low and the government help re inflate the bubble with the help to buy scheme.

    Why pay over £700 a month renting when for not much more you can buy? Sacrifice Sky, foreign holidays, posh clothes and trainers, ready meals, eating out all the time and the latest mobile phone. It takes hard work and both of you earning but if you live within your means you can at least aspire to home ownership.

    • Percy1983
    • By Percy1983 20th May 13, 11:43 AM
    • 4,994 Posts
    • 7,824 Thanks
    Percy1983
    • #4
    • 20th May 13, 11:43 AM
    • #4
    • 20th May 13, 11:43 AM
    Will list my house for £5m tomorrow, should bump the local figures up.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
    • Pincher
    • By Pincher 20th May 13, 1:58 PM
    • 6,516 Posts
    • 2,491 Thanks
    Pincher
    • #5
    • 20th May 13, 1:58 PM
    • #5
    • 20th May 13, 1:58 PM
    I wish they would link to a website with some graphs.
    Preferably a national one, and some local ones.

    I thought national average price was something like £170.000.
    • brit1234
    • By brit1234 20th May 13, 2:47 PM
    • 5,191 Posts
    • 11,968 Thanks
    brit1234
    • #6
    • 20th May 13, 2:47 PM
    • #6
    • 20th May 13, 2:47 PM
    Asking prices are irrelevant and the rightmove ones are well known to be distorted as they are initial asking prices.

    People can ask for what they want but with wages frozen and real inflation high people are getting poorer. These rises are little more than the spawn of the mass property propaganda campaign which they label the spring bounce.

    Who actually thinks that these high asking prices will translate into selling prices at the same level?
    Scams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
    • ukcarper
    • By ukcarper 20th May 13, 5:59 PM
    • 14,886 Posts
    • 19,236 Thanks
    ukcarper
    • #7
    • 20th May 13, 5:59 PM
    • #7
    • 20th May 13, 5:59 PM
    Asking prices are irrelevant and the rightmove ones are well known to be distorted as they are initial asking prices.

    People can ask for what they want but with wages frozen and real inflation high people are getting poorer. These rises are little more than the spawn of the mass property propaganda campaign which they label the spring bounce.

    Who actually thinks that these high asking prices will translate into selling prices at the same level?
    Originally posted by brit1234
    Why haven't you altered your sig since Sept
    • Thrugelmir
    • By Thrugelmir 20th May 13, 6:05 PM
    • 64,798 Posts
    • 57,205 Thanks
    Thrugelmir
    • #8
    • 20th May 13, 6:05 PM
    • #8
    • 20th May 13, 6:05 PM
    Ive just put my 3 yr old Fiesta up for sale at £254,385.00

    Its a record asking price for a 2009 Ford!
    Originally posted by Caveat Mortgagor
    Can we come to an agreement regarding fixtures and fittings to avoid the additional stamp duty?

    Any furry dice, sheepskin seat covers, fitted caravan towbar for example.....
    “If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility.”
    ― Niall Ferguson
  • Turnbull2000
    • #9
    • 20th May 13, 6:26 PM
    • #9
    • 20th May 13, 6:26 PM
    Wannabe owners better move quick, because in 2014 Help to Buy will add rocket fuel to the price rises!
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
    • Lizling
    • By Lizling 20th May 13, 7:22 PM
    • 863 Posts
    • 1,675 Thanks
    Lizling
    Wannabe owners better move quick, because in 2014 Help to Buy will add rocket fuel to the price rises!
    Originally posted by Turnbull2000
    This ^^ (if you live in the South East. Don't know about elsewhere.)

    And properties in London zones 1-3 are already often going for above asking price as people get into bidding wars.
    Last edited by Lizling; 20-05-2013 at 7:26 PM.
    Saving for deposit: Finished!
    House buying: Finished!
    Next task: Lots and lots of DIY
  • kBHX
    The housing market in London is crazy!
  • harpoboy

    Why pay over £700 a month renting when for not much more you can buy?
    Originally posted by NPowerUser

    Buying is far cheaper than renting in nearly all of the UK.

    According to the government's official figures the average renter pays £160 per week, while the average mortgage holder pays £143:
    https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/6739/2173283.pdf


    And the added beauty is, that at the end of 25 years, the house is completely your own!
    • Percy1983
    • By Percy1983 21st May 13, 8:55 AM
    • 4,994 Posts
    • 7,824 Thanks
    Percy1983
    I will say renting would be slightly less than my mortgage for where I am, but as it is my mortgage will stay stable while rents will rise, but as you say they fact its done in 25 years is worth it either way.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
    • Pincher
    • By Pincher 21st May 13, 9:12 AM
    • 6,516 Posts
    • 2,491 Thanks
    Pincher
    Reduce the world population, or treat people as over-breeding rats, and pack them ten to a room.
    • NPowerUser
    • By NPowerUser 21st May 13, 9:25 AM
    • 403 Posts
    • 693 Thanks
    NPowerUser
    Regardless of the obvious reasons for buying versus renting, retirement was always a major consideration.

    The thought of paying rent out of my pension in retirement or being moved around social housing due to under occupancy or forced to pay bedroom tax or the latest fad to collect money from the poor is impetus enough.

    With the welfare bill rising year on year, who's to say what help folk will get in the future?

    • gadgetmind
    • By gadgetmind 21st May 13, 9:47 AM
    • 10,951 Posts
    • 8,951 Thanks
    gadgetmind
    the latest fad to collect money from the poor
    Originally posted by NPowerUser
    Collect money? Surely this was just a way to try and make the hand-outs more sustainable to reduce the drain on those who are working hard enough to support themselves?
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
    • Percy1983
    • By Percy1983 21st May 13, 10:21 AM
    • 4,994 Posts
    • 7,824 Thanks
    Percy1983
    Regardless of the obvious reasons for buying versus renting, retirement was always a major consideration.

    The thought of paying rent out of my pension in retirement or being moved around social housing due to under occupancy or forced to pay bedroom tax or the latest fad to collect money from the poor is impetus enough.

    With the welfare bill rising year on year, who's to say what help folk will get in the future?
    Originally posted by NPowerUser
    Still haven't seen them collect this 'bedroom tax' from anybodies earned income... wait a minute maybe it isn't a tax...
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
    • thedalmeny
    • By thedalmeny 22nd May 13, 10:37 AM
    • 235 Posts
    • 163 Thanks
    thedalmeny
    Have to say, i think the likes of Zoopla are well off.

    I've just purchased a new build property, 4 bedroom detached at around 1250 sqft.

    Listed for £192,000 and got it for £182,000 with free carpets, turf, integrated fridge & freezer and stamp duty paid.

    Last one to sell, on the same road and exactly the same house type as mine sold for £189,995 in Jan 2013.

    Zoopla estimate that house is now worth £197,731

    Seems a bit unrealistic... I know i got a good price looking when looking at sold prices in a 3-5 mile radius and currently listed asking prices also.... But..
    Last edited by thedalmeny; 22-05-2013 at 10:43 AM.
    • Carl31
    • By Carl31 22nd May 13, 10:57 AM
    • 2,451 Posts
    • 5,993 Thanks
    Carl31
    Have to say, i think the likes of Zoopla are well off.

    I've just purchased a new build property, 4 bedroom detached at around 1250 sqft.

    Listed for £192,000 and got it for £182,000 with free carpets, turf, integrated fridge & freezer and stamp duty paid.

    Last one to sell, on the same road and exactly the same house type as mine sold for £189,995 in Jan 2013.

    Zoopla estimate that house is now worth £197,731

    Seems a bit unrealistic... I know i got a good price looking when looking at sold prices in a 3-5 mile radius and currently listed asking prices also.... But..
    Originally posted by thedalmeny
    I agree. The last 2 houses sold in our road were listed on zoopla at around £280k, both went for £250k

    Houses round here also seem to take a while to sell, i wonder if sites like that gibe unrealistic expectstions to sellers. One house round the corner has been on the market a year
    • Percy1983
    • By Percy1983 22nd May 13, 11:11 AM
    • 4,994 Posts
    • 7,824 Thanks
    Percy1983
    I do remember a property near mine was up for sale when we bought, it was the same contruction but with lessor gardens and needed more work, it was listed at more than the one we bought and it is still unsold now.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
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