There's a house for sale I like the look of, Zoopla shows the two houses on each side both went for £50k less than the asking price in 2005. I thought that was the peak of the boom which makes the price look optimistic - house prices on the slide for a while now and it's up >20%?
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Originally posted by MaryPoppinsOriginally posted by vetran -
Supply and demand? house prices haven't fallen in this area -
I'd say it kept going up until early 2007, we bought in 2000 and it had doubled by 2004.
It sounds like the 2 you mention were just chancing and being overly optimistic on the asking price as was the norm at the time.Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave JohnsonComment
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Fook my ass, just went onto Zoopla and found that a house further went for 114k in 2010 shocked at thatIn Scooter we trust
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Trying to decide if it's overly cheeky to offer 20% below asking... last time we did that it made the seller decide another, slightly higher offer they'd rejected as too low wasn't too low after all!Originally posted by MaryPoppinsOriginally posted by vetranComment
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It's cheeky to a point but still if you don't ask you don't get, plus the market isn't all that great so you could be in with a shotOriginally posted by d000hg View PostIn Scooter we trustComment
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Peak of the boom...kind of means when did the price increase gradient lessen
For virtually all areas I'd imagine that was early 2007.
Peak house prices are totally area dependant and shouldn't just be considered in isolation things like inflation, interest, earnings etc need to be considered but of course you knew that
For example in the areas Oxfordshire, Berkshire I've been looking and for the property types I'm interested in, prices have never fallen, and I mean in real terms, not price paid then vs now. Perhaps a little dip post 2007 but that's quickly been absorbed.
There's bugger all on the market and plenty of people like me who've saved up big deposits and just can't wait any longer, that coupled with 3.x% mortgages is going to do nothing to encourage sellers to lower prices. I just got gazumped on a place in Witney two weeks ago, it ended up going for only 2% less than asking.Comment
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For anywhere south of Brum, they haven't peaked yet.
HTH BIDIComment
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Since I'm north of Brum, it didn'tOriginally posted by DimPrawn View Post
Originally posted by MaryPoppinsOriginally posted by vetranComment
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