[QUOTE=pslewis;9662814]Rightmove have just announced that asking prices have increased by 3.1%

They are staggered, as well as I am!!

Dont be .I told you so did I not !!!!!!

 

[QUOTE=njkmrs;9665066]It just means sellers are unrealistic and estate agents are making BS promises.

The sorts of freak market behavior that happens before a crash.

 

[QUOTE=tony de wonderful;9665087]

 

its the big million plus houses that are being discounted to hell cos people just cant afford them anymore . every time one goes on the market for 300=400k less that before then of course the average prices will drop / houses round our way are still about the same , ive just seen a 3bed house round the corner drop from 219000 to 198000 but only because they wanted a quick sale as parents had both died. most are still over priced its only the priced to sell ones that are selling . the market dreamers will leave their house on the market for ages without a sniff the drop after xmas

 

500,000 public sector jobs about to go on the bonfire according to leaked document.

But house prices can only go up!

 

i wonder if the STREET FOOTBALL SAFETY OFFICERS job in liverpool is one of them lmfao

 

Up up and away! Goes the housing bubble!

 

Up up and away! Goes the housing bubble!

 

If you look really closely you can see njkmrs sitting on the top!

 

We've had a lot of interest in my garage (+ house that goes with it) with 2 offers on the table, at a price that was higher than the max most of the agents thought it would achieve when we did a beauty parade. We have yet to market the house properly.

 

Are the offers procedable?

If not, they mean not a jot.

If so, then I would grab the best one and sit in rented for 24 months

 

£86,000 house valued at £1 !!!!!!!!!!!!!!!!

Hallowe’en came early for one homeowner in Durham this week when Nationwide told him the house he had paid £86,000 in 2007 was worth just £1.

That’s right: £1. For a property his tenants are paying £550 a month to rent – and that he’d just spent £10,000 renovating. Forget Freddy Kreuger horror films, this is every homeowner’s worst nightmare (on any street).

You can see a picture of it here:-

http://i.dailymail.co.uk/i/pix/2010/...35_476x330.jpg

It’s not exactly falling down around his ears, is it?

So what’s the problem? Well, according to the property survey carried out for Nationwide, the property seems to be suffering from damp and rot, and there are concerns about the stability of the roof.

The £1 price tag is apparently a standard valuation applied by Nationwide’s surveyors when a property is unsuitable for the lender to lend on.

While this is clearly an extreme example, it does serve as a useful reminder of just how important it is to do your homework in the today’s post-credit crunch mortgage market.

Source:- www.lovemoney.com

 

Thanks Pete. Another top tip from the property meister!

 

I'm always here to help!!

 

So what difference does that make as you pointed out a page or two back to me that their is no cash in a property So are you now changing your mind cause it suits

 

A friend of mine had one of his small semi houses up for sale.. It started at £129k.. It dropped over a period of time,its now at £95k,and has had an offer of £87k.

He is seriously considering it.

Oh he bought it for £115k 7 years ago.

Things are definately dropping..

 

Another BTL empire crumbling. So sad.

 

The recent borrowing figures show hardly any lending for property.

This is a leading indicator.

I'm expecting a bloodbath on prices - there are many houses coming to the market this time (which makes it different to 2008).

Of course, many will be just testing the market with unrealistic prices .. this due to the end of House Buyers Packs.

 

Sales are faar better now than in 2008, Persimmon already has a good book for sales for the start of 2011. In 2008 sales were very bad but the market has recovered loads since then and there is always constant sales

 

Hmmmmm, the Estate Agents who contact me daily tell a very different story.

 

I read today that Landlords are snapping up 20% of all properties sold at the moment .
I dont think many Landlords will be to worried about short term reduction .They are not that short sighted .

Also, Rents are surging month on month due to a shortage of property for rent .

 

20% of nothing .... is nothing!!

 

As I keep saying the only way is up. GDP figs today prove it and this time next year we'll all be millionaires.

BTW wtf are all the two fingered smilies for? Have I touched a nerve?

 

As I keep saying the only way is up. GDP figs today prove it and this time next year we'll all be millionaires.

BTW wtf are all the two fingered smilies for? Have I touched a nerve?

 

No you have not touched any nerve .Dont take offence by the one finger salutes !!!

In fact, buy to let accounted for nearly 20% of all mortgage broker applications to lenders in the quarter, reveals research by specialist buy to let lender Paragon Mortgages.

The firm's poll of brokers shows 48% of broker business was for experienced landlords looking to expand their portfolio and 33% was for remortgaging.

New landlords accounted for 16% of buy to let business, with portfolio substitution accounting for the remaining 3%.

Nigel Terrington, Paragon Group chief executive, said: "Landlord confidence has been building for some time and, as mortgage availability starts to widen, they are taking the opportunity to expand their portfolios.

Thought I better show the disbeleivers some evidence from the Money Centre .

 

So a firm that specialises in BTL mortgages says the BTL Market is booming? I see.

Well carry on.

 

Please dont wink at me ,as Im strictly not Gay at all .!!!

 

 

http://uk.finance.yahoo.com/echarts?...urce=undefined

I always take seriously the opinions of companies that need a logarithmic y-axis to show their stock price

 

Not being funny but if your mate paid £115k 7 years ago and now it's only worth £87k then he has no idea what he is doing, he is a prize plonker. The property downturn hasn't even started yet and his house has probably halved in value when inflation is take into account.

That's why property investing isn't for everybody