UK property (houses)

[bobk]

Up till about 6 years ago everything was advertised on Rightmove. At that time there were 5000 houses for sale in Pembrokeshire at any one time alone. It's more difficult to estimate stock now, as there's more websites about. The market has been stagnant since 2007.
Way too much property for sale, no matter what you hear in the press.

Maybe no one wants to live there .

 

[7610 super q]

Maybe no one wants to live there .

I concur.

 

[Muddyroads]

Nowt to do with me. Tbh, what surprised me was being told folk are selling houses to rent, to then buy after a down turn. Sounds risky to me but there are those doing it

When I bought a house back in 2002 the banks mortgage advisor told me she was selling her place and moving into rented as she expected house prices to fall. Less than 3 years later I sold it for just under double what I'd paid for it. Often wondered if she ever got back on the ladder!

 

[wasted years]

Waiting list for new houses in Penrith I'm told, soon as built they are in, maybe up north is the place to be, certainly less crowded then the namby pamby south.

 

[glasshouse]

When I bought a house back in 2002 the banks mortgage advisor told me she was selling her place and moving into rented as she expected house prices to fall. Less than 3 years later I sold it for just under double what I'd paid for it. Often wondered if she ever got back on the ladder!

We wrre heading for a recession in 2004, but gordon brown did some stupid stunts to delay it till 2007

 

[Bill the Bass]

property is cheap compared to marque new cars which will be guaranteed to go down in price. Funny old world where people complain that a house has gone down in value by 10% but happily accept the depreciation on a new car.

Property is selling well up here but not at that much more than after 2008 crash and only more if you are lucky. I say crash, it was more of a stagnation.

 

[glasshouse]

property is cheap compared to marque new cars which will be guaranteed to go down in price. Funny old world where people complain that a house has gone down in value by 10% but happily accept the depreciation on a new car.

Property is selling well up here but not at that much more than after 2008 crash and only more if you are lucky. I say crash, it was more of a stagnation.

Its only landlords that "buy marque new cars"

 

[Pivo]

property is cheap compared to marque new cars which will be guaranteed to go down in price. Funny old world where people complain that a house has gone down in value by 10% but happily accept the depreciation on a new car.

Property is selling well up here but not at that much more than after 2008 crash and only more if you are lucky. I say crash, it was more of a stagnation.

Very interesting observation. Generally speaking assets depreciate over useful life of the given asset.

If you have a house built to stand for 100 years and you enhance it, valuation should go up.
If you buy a car, built to last 10 years before major overhaul is required, valuation will decline.
Typically, supply and demand will amplify the rate of change.

 

[graham99]

Your right , it's everything now .

to the banks .
try buying were the banks don't want you buying

 

[michael N123]

More houses than ever around here and plenty of cheap ones

 

[michael N123]

Looks fookin expensive considering it's in the middle of nowhere

https://www.rightmove.co.uk/property-for-sale/find.html?searchType=SALE&locationIdentifier=REGION^25521&insId=1&radius=0.0&minPrice=&maxPrice=&minBedrooms=&maxBedrooms=&displayPropertyType=&maxDaysSinceAdded=&_includeSSTC=on&sortByPriceDescending=&primaryDisplayPropertyType=&secondaryDisplayPropertyType=&oldDisplayPropertyType=&oldPrimaryDisplayPropertyType=&newHome=&auction=false

You could have 15 houses in west Cumbria to rent out for the price of that https://www.auctionhouse.co.uk/auction/search-results?searchType=0

 

[Gordy1]

Leaving money on the table comes to mind

 

[Jackov Altraids]

I wish I could offer some advice.
In this area the prices haven't changed much for a few years. The market for any 'average' house does seem very slow and the hundreds of new builds are over-priced and I believe being sold at quite a discount.
Anything slightly better than average always sells quickly with those moving from the south east finding it relatively cheap to upgrade.
I think a Labour government could have a considerable affect on house prices whereas whatever happens Brexit wise, will not.

 

[ollie989898]

When I bought a house back in 2002 the banks mortgage advisor told me she was selling her place and moving into rented as she expected house prices to fall. Less than 3 years later I sold it for just under double what I'd paid for it. Often wondered if she ever got back on the ladder!

Ha Ha Ha, and we wonder why Britons don't trust bankers, they have no more clue than anyone else.

 

[ollie989898]

property is cheap compared to marque new cars which will be guaranteed to go down in price. Funny old world where people complain that a house has gone down in value by 10% but happily accept the depreciation on a new car.

Property is selling well up here but not at that much more than after 2008 crash and only more if you are lucky. I say crash, it was more of a stagnation.

This.

I don't get it. I really do not.

Complain about house prices: proceed to take out cars on HP for £500 a month.... it's depreciating metal.

 

[Pivo]

So, I hear today on the radio that there is shortage of property for sale in London area, or more precisely, brokers have half the inventory they had last year. In the meantime, papers are full of adds and I read here that the prices are dropping... something doesn’t add.

 

[Old McDonald]

she should maybe grab the offer in hand (poultry as it is!)

I really, really could not resist responding to this given your history of not only attacking me at a personal level, but mainly attacking those whose English grammar is not of as high a standard as your mother invoked. Remember your post about her saying there is no excuse for bad grammar - the fault is not a lack of ability, but a lack of will. You obviously did not have the will.

I suppose you could have said that the offer was "chicken feed".

 

[czechmate]

I really, really could not resist responding to this given your history of not only attacking me at a personal level, but mainly attacking those whose English grammar is not of as high a standard as your mother invoked. Remember your post about her saying there is no excuse for bad grammar - the fault is not a lack of ability, but a lack of will. You obviously did not have the will.

I suppose you could have said that the offer was "chicken feed".

Nice to see you posting Mac, how is your sale going? My daughter decided to take the bird in the hand.

 

[Old McDonald]

Pleased to see you can still accept a joke.

Mine is still in the bush. It took me 5 years to sell in Australia, and I anticipate it could take as long here.

 

[czechmate]

Pleased to see you can still accept a joke.

Mine is still in the bush. It took me 5 years to sell in Australia, and I anticipate it could take as long here.

Well, the best of luck with it