Reply to: Window closing on "Bargain Buys"

[Clippy]

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

Properties at auction are also selling well.

Strange thing is, there are hardly any repossessions going through the auctions at the moment - where are these properties being offloaded or will they turn up at auction at some point in the future?

[OwlHoot]

Yeap, I suspect inthe next month everything will start to head south again. Stock market, house prices etc.

There's just too many bad fundamentals for things to start rallying again. It feels as though we're in more of a mess than we were 9 months ago

WHS. It feels like a deflationary spiral is well underway.

[BrilloPad]

No. More CUK Bollux.

No comment from SG about the market? You still buying those 2 flats in South London?

[sasguru]

Really?

No. More CUK Bollux.

[d000hg]

I know people who have property in Dublin valued a couple of years ago at 3 million, current value 300k

Really?

[Fred Bloggs]

With base rates at 0.5%, but mortgage offers at ~6 to 7%, salaries being cut or no pay rises imposed, income taxation set to rise, (VAT @ 20%?) and property over priced by ~30% compared to long term averages, where is the next boom coming from please?

[JoJoGabor]

Yeap, I suspect inthe next month everything will start to head south again. Stock market, house prices etc.

There's just too many bad fundamentals for things to start rallying again. It feels as though we're in more of a mess than we were 9 months ago

[BrilloPad]

The way prices are rising at the moment, a few months tops.

IMO more bad news to come yet.

[rootsnall]

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.

I think the economy has headed even further into la la land than before the credit bubble bust, it's being propped up by government instead of private debt for now, but for how long !?

[Lockhouse]

I reckon the market will eventually bottom out towards the end of next year and then there'll be a stagnation for a few years like in the early-mid 90's. We've not seen any interest rate rises yet don't forget....

Dead cat bounce at moment IMHO.

[Green Mango]

The way prices are rising at the moment, a few months tops.

Yeah, well talking to someone in the housing industry at the weekend.

His opinion things are still really tough. These figures are based on very low volumes hence not really representative and MEDIA HYPE...

[DimPrawn]

Wait long enough and you will be okay.

The way prices are rising at the moment, a few months tops.

[BrilloPad]

Wait long enough and you will be okay.

[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.

[oracleslave]

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