Window closing on "Bargain Buys"

[DimPrawn]

http://miranda.hemscott.com/static/c...70/3906358.pdf

Rightmove shows house prices rising (actually asking prices rising) in July.

Get out there an bag a bargain. The only way is up.

[JoJoGabor]

*cough* dead cat bounce *cough*

[alreadypacked]

*cough* dead cat bounce *cough*

WSS

[pzz76077]

http://miranda.hemscott.com/static/c...70/3906358.pdf

Rightmove shows house prices rising (actually asking prices rising) in July.

Get out there an bag a bargain. The only way is up.

UK houses are still 20-30% overpriced.

PZZ

[DimPrawn]

UK houses are still 20-30% overpriced.

PZZ

Not in the minds of the sellers obviously, who are raising asking prices.

[rootsnall]

Did you buy anything ?

Must say there are quite a lot of SOLD signs up round my way and sod all on the market in the medium/high end. Must be a few frustrated STR's out there but I'd still sooner be one of them than a mug who bought in 2007

[alreadypacked]

Not in the minds of the sellers obviously, who are raising asking prices.

It will take time to sink in that prices have gone down.

I know people who have property in Dublin valued a couple of years ago at 3 million, current value 300k. They will not sell for less that 3 million, ok they will have to wait a very very long time.

Current people in Ireland are handing in the keys for their property to the banks with about 30k arrears and heading to the airport.

Will not get that bad here but it is not over yet, taxes will go up this year or next.

[pzz76077]

Not in the minds of the sellers obviously, who are raising asking prices.

Its the lack of property to buy/sell that is keeping prices high, noting else.
Many of the properties that arent selling are crap and/or overpriced so no one wants them.

PZZ

[oracleslave]

I'd still sooner be one of them than a mug who bought in 2007

[DimPrawn]

Did you buy anything ?

Must say there are quite a lot of SOLD signs up round my way and sod all on the market in the medium/high end. Must be a few frustrated STR's out there but I'd still sooner be one of them than a mug who bought in 2007

Not bought my mansion yet. Prices do not reflect reality whatsoever.

Property is still selling mind at the £700 - £900K mark like hot cakes. There's obviously cash and credit slushing around from somewhere. That will dry up in time.

I'll stick with money in the bank and property all paid up to live in until then.