fatscoobfella1

iTrader: (1)

Ah....

So the houses that have been for sale for ages now seem cheap because there at "old" prices..?

Im only messing about of course,but dont believe everything you read.. the powers that be need people to believe that things are ok.. And people will...

Cars are a different thing....Second hand prices are going up because nobody can afford to buy new..

SunnySideUp

2 months on and it looks like the property prices have re-bounded extremely well.

There are, apparently, 5 buyers chasing each marketed house for sale! But statistics can be mis-leading (how do they account for the same person registering with every Estate Agent, for example?).

Interest rates look like staying low, the Economy is emerging from the doldrums - I'm amazed that the prices didn't drop much further than they did.

cookstar

iTrader: (6)

Has anyone else taken the plunge and picked anything else up yet, or are you still waiting?

Funny you mention that about the multiple buyers, I bought a maisonette recently, completed last week, started the stripping out, and a guy turned up looking all confused saying that he was in the process of buying it himself. He didn't see the funny side of it though.

I would have love to had been a fly on the wall watching that conversation he was about to have with his estate agent.

hodgy0_2

my mother in-law exchanged on her (rather pokey) basement 2 bed flat in Notting Hill Gate (as a seller) yesterday

cash buyer -- final sale price £630,000

we are hopefully exchanging on a new property in the next few weeks, complicated finance deal which allows us to hold onto our existing properties--but had our mortgage approved yesterday

I think we are getting a cracking deal -- 5 bed detached (double garage), in an acre of land -- with developable out buildings for £1 under the 4% stamp duty threshold

an hour from london -- and in the catchment area of one of the best state schools in the country, in a villiage with a pub, post office, very good indian resturant, fantastic primary school and on a bus route into Cambridge

bang bang

john banks

Nice deal, even I would buy that hodgy But up here they're trying to charge at least that, and it isn't an hour from London.

stevebt

iTrader: (8)

Persimmon Homes are now selling well and they say their slump is over!

SunnySideUp

Barretts have said that the houses they build now, for sale in the New Year will be selling for 8-10% more than they were a year ago!

Slump is over. Not long before general confidence and spending returns once more.

By the time of the Election we will all be singing!

Gear Head

iTrader: (2)

Only to forget the massive increase in the countries debt!

SunnySideUp

Our shares in the Banks will be sold for a massive profit ..... debt? what debt?

dpb

Still arificially high - would make some sense if ALL these new homes were starter places

hodgy0_2

as long as the numbties in charge hold their nerve -- and don’t sell at the first sign of political expediency

stevebt

iTrader: (8)

they are starter homes as that's what is selling. sites have been redesigned and where say two large houses were to be built they are now building six smaller homes!

njkmrs

Plenty of activity in the building game round where I live .New build Houses selling ,planning permission granted on two new apartment blocks (two semis on the plot at the moment ),so someone else is pretty optimistic as well .
House builders telling us this years stock is sold out !! And looking for new sites .

Good to see this old favourite back on topic

Now ,just waiting for the" Doom Mongers" to re-emerge .!!!!!

Terminator X

iTrader: (7)

Come on, who can afford the 40% deposit neeed to buy these days - not many I'd guess

TX.

cookstar

iTrader: (6)

95% mortgages are finding their way back on the market already, 85/90% are now common.

Terminator X

iTrader: (7)

^^ Aren't they at daft interest rates though ie 6%+ and still not that many around ie count them on one hand?

TX.

SunnySideUp

Yeah, 90% Mortagages are now common .... the drought is over, buckle up for the house price explosion to dwarf all others!

Really, this is scary - since April 2009 everything has sold ...... the markets are responding, household shops are in full swing, buyers are buying sellers are selling.

Come May 2010 we will be wondering what all the fuss was about - Labour, whatever your leaning, will be seen as having rescued the economy .... and they will have!

At every tough choice the Tories have opposed it - they called it wrong at every step of the way ..... unfit to govern is my verdict on that.

But, house prices are on the up and up - I'm just sorry I didn't buy in November 2008 when the real bargains were about .... but, no, I thought more would fall off the price - it didn't and now I am left without another property!

rickya

iTrader: (18)

I think its a bit too soon for a full recovery & probably more like a W shape recovery curve with another slump soon to follow.

fatherpierre

Show me the cheap motgage deals.

Show me a cheap deal that a first time buyer with a small deposit can get.

I hope the Tories understand that markets need to be left to correct. I doubt they will; but your blithering about Labour is laughable. They have ruined this country. and it can't be reversed.

I used to be a Labour voter. Never again will I make that error.

fatherpierre

Feb 09 was the low, BTW.

I used to think you weren't a troll.

But your 'facts' don't add up.

SunnySideUp

I was house hunting from Spring 2008 - Autumn 2009.

The low in the area of my search was November 2008 ... that's what I am saying. Like everyone else, we cannot state the low in every area as each started rising at different times.

You ask me to show you some cheap mortgages? I made no mention of cheap mortgages?

dpb

Theyve pumped our own ( borrowed ) money into the economy and relied on our own obsession with owning our own property ,thats all

Lets be clear

Leslie

You seem to have conveniently forgotten the National Debt which is ever increasing despite the quantative easing which will also come home to roost eventually.

Do you think the GNP will be sufficient to cover the interest charges?

Les

SunnySideUp

Les

The other option to borrowing money to save the economy was to allow banks to go to the wall. I hear some shouting, "Yes! we should have allowed them to fail" and I can understand that knee-jerk reaction, but - we have to remember that savings and investments would have sunk with those Banks!

People would have had their life savings wiped out, not good news if you are retired and your earning capacity has disappeared.

The best way, indeed the only way, was to do what has been done and deal with the debt along the line - the other route (the Tory route incidentally) would have meant that we would now be picking over the bones of a destroyed financial sector, which is not worth thinking of.

House prices need to be high to allow the retired to 'cash in' ... it is what has kept the wolf from the door in old age!

hodgy0_2

EFA

andy97

iTrader: (1)

I'm still getting between 10-15% off my purchases. There are still good bargains to be had!

dpb

So,for our 125 + billion dollar i-owe-you , the whole economys expected growth is based on the housing market and associated trades 'taking off' again ? on houses which were overpriced to start with

john banks

The housing market and the UK economy is still doomed. I just thought hodgy's deal sounded good, but don't be mistaken, I'm still as bearish as Paddington.

Steve vRS

We sold our house in the Summer (completed last month) for asking price.

However, the asking price was what we paid for it in Nov 2005.

We are renting in the hope of buying soon.

My point is though that there is so little on the market that there is nothing suitable and this is driving up prices. I'm hoping for a good cold winter to improve the supply of houses. Some swine flu would help there as well - if you know what I mean...

Steve

hodgy0_2

it is a good deal John (but we need the space tbh)

the problem with all the doomsayers (which I have some sympathy with) is that they will be correct in the end -- 100% certainty the world (and the housing bubble) will end

property doomsayers have been suggesting a catastrophic crash since the 60's though -- like good comedy it's all about timing

nothing i see (look back thru my post's to see why I am not surprised that banking bonuses are top of the agenda so soon we stared into the abyss) changes my mind that we have along way to go yet before it all collapses