Never ending boom

[Doggy Styles]

Colleagues at my client in London who are trying to buy say that there is very little going on the market. People aren't selling, so that will push prices up.

[SuperZ]

Round my way first time buyer properties are just not moving, even when competitively priced. You know what they say about when first time buyers cant get on the ladder.

Jobs, stock market, house prices, I'm bearish on the latter more than either of the other two

I don;t care what the press say, round my way first time buyer properties are still down just under 25-30% from their peak. Given the rises I keep hearing about I would have thought the market was back up to the peak again by now

[Moscow Mule]

It's a trap.

A big bear trap.

I hope it gets sprung by May.

[bobhope]

It's a trap.

A big bear trap.

[Moscow Mule]

It's a bit of a funny time at the moment.

Historically, winter is not a time to be buying houses, yet millions of people are looking (according to the Rightmove stats).

The market is still being controlled by the lack of supply (at least round our way) - whether that will change with the usual "spring rush" of properties on the market is yet to be seen.

[sasguru]

You should see prices in London - rocketing!
Mega-boomed !!!
I'll be a multi-millionaire soon.

[Coalman]

I know - just cashed in myself - BOOMED!!

[DimPrawn]

http://www.telegraph.co.uk/finance/p...stay-away.html

The jump seen during the four weeks to February 6 was the biggest increase in asking prices for homes in England and Wales since April 2007, according to property website Rightmove.



What ******* recession?