allsops auction

[thunderlizard]

Guide prices are being set crazily low to get the punters through the door at present. A recent one that sticks in the mind was a biggish flat in Park Crescent (top of Portland Place W1) - guide price £220k, sold for about £450k

Or have you been tracking for a few years?

[Waldorf]

No.

Houses are still overpriced by the historical trend, and unemployment is now rising faster than a rat up a drainpipe.

Ignore one-off rogue stats - you have a long wait before they "take off" again.

Agree - it is just that some people have not yet come to terms that prices are still over inflated.

[Doggy Styles]

thanks for the useful comments. i've been advising someone looking to return from abroad to wait but this had me worried that they should wait no more.

june 30 is the bottom of the housing market btw according to cramer.

I assume they mean June 30 in 2011.

[BigTime]

thanks for the useful comments. i've been advising someone looking to return from abroad to wait but this had me worried that they should wait no more.

june 30 is the bottom of the housing market btw according to cramer.

[alreadypacked]

reviewing sale vs guide price, house prices look like they're taking off. anyone agree?

If you look at previous results many lots are withdrawn, unsold or sold prior (withdran before the sale) I have been told even 40% - 50% of the "sold" did not go through. I have seen some lots that were posted as "sold", listed in other auctions.

I don't think we will see bottom until next year or the year after. People are not ready for reality yet!

[HairyArsedBloke]

Houses are still overpriced by the historical trend, and unemployment is now rising faster than a rat up a drainpipe.

Ignore one-off rogue stats - you have a long wait before they "take off" again.

Aye, 'fraid so.

[Clippy]

reviewing sale vs guide price, house prices look like they're taking off. anyone agree?

I kinda know what you mean as no one seems to have told people inLondon and the South East there is a credit crunch.

Numpties will learn the hard way.

[Doggy Styles]

reviewing sale vs guide price, house prices look like they're taking off. anyone agree?

No.

Houses are still overpriced by the historical trend, and unemployment is now rising faster than a rat up a drainpipe.

Ignore one-off rogue stats - you have a long wait before they "take off" again.

[BrilloPad]

reviewing sale vs guide price, house prices look like they're taking off. anyone agree?

Where were these houses? Seems to be alot of regional variations (stating the obvious!).

[Pickle2]

house prices look like they're taking off.

What fooking planet are you on then? Its brain dead market ramping morons like your good self that got us in this mess.

[Toffnana]

We were at an auction the other day in manchester and very few lots managed to met the reserve.

I would think a reserve in an auction is going to be very low and would likely be met - hence why it's in an auction.

Can only see the market going down this year.

[Pogle]

Like the new avatar DP - a great improvement on the last one.

[DimPrawn]

Yes, you have to move fast fast fast.

Offer asking price x 2. House prices only ever go up.

Yours,

Kirsty and Phil (bankrupt).

[BigTime]

reviewing sale vs guide price, house prices look like they're taking off. anyone agree?