Originally posted by andrew_neil_uk
So keep on buying houses
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I think I am the last bear and I have not bought yet.
So keep on buying houses -
I live in a nice sleepyvillage in North Wales - not far from Chester. Prices around here are going up & up but ................................................
no one is buying !
The house next to us is a nice little bungalow with a fair sized garden, that's been on the market for over a year. The in-laws house is up for sale (8 months & rising)
They are asking the initial valuation price, but in both cases the estate-agents have recently asked them to drop by 20% if they want to sell.Comment
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I dont see this £1000pm increase.
I've been looking for 6 months or so and I can't say houses in my area are £6k higher than they were. Maybe £1-2k but not 6.Comment
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House prices will
1 Stay the same
2 Increase
3 Decrease
Come what may - grey slates will remain grey slatesComment
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Its pretty similar around my way ( okish part of Lancs ) except for one off desirable properties. I just had to pay asking price for one after missing out on the last couple to come up, its not completed yet and my bearish instincts are nagging away but the Mrs won't be happy if we pull out. There are plenty of houses on at silly prices for a year plus without a hope of selling them but they are generally oldies looking to cash in and in no rush to sell.Originally posted by foritismeComment
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Not dissimilar in my area of SW London. Prices have risen to such an extent that they are in excess of what anyone is prepared to pay to lived in a suburb of a big city. People look at what £2.75m (the asking price of the latest house, a detached, to go on sale around the corner) will buy elsewhere and go elsewhere.Comment
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