London shows signs of house price 'bubble’, experts warn

[d000hg]

We brought in zone 6 last summer, the house had been on the market for about 3 months and we got it for about 5k less than the asking price. This month a smaller house on the same street was on the market for 5k more than we paid for ours and an offer was made in 2 weeks for the asking price.. The market has gone mad!

Wow a whole £5-10k more over 6 months. That's less a bubble and more a:

[AtW]

???

I would rather not move than live in Birmingham.

Where do you live now?

[SueEllen]

I'd advise your client to tell the vendor to fook right off then and move to some place sensible such as Birmingham.

???

I would rather not move than live in Birmingham.

[AtW]

You really don't do you. The first call I had this morning was from one of my clients to tell me that their vendor wants an additional £40,000 or the deal is off.
They were due to exchange this afternoon.

I'd advise your client to tell the vendor to fook right off then and move to some place sensible such as Birmingham - they'll probably SAVE £40k in process.

[sirja]

We brought in zone 6 last summer, the house had been on the market for about 3 months and we got it for about 5k less than the asking price. This month a smaller house on the same street was on the market for 5k more than we paid for ours and an offer was made in 2 weeks for the asking price.. The market has gone mad!

[Martin@AS Financial]

Dude seriously, do you need an expert to say that?


London shows signs of house price 'bubble’, experts warn - Telegraph

You really don't do you. The first call I had this morning was from one of my clients to tell me that their vendor wants an additional £40,000 or the deal is off.

They were due to exchange this afternoon.

[AtW]

We're north of London and finding the market crazy

Is it grim?

[MicrosoftBob]

We're north of London and finding the market crazy

We've got a buyer for our place, had 3 people put offers in and we hadn't even put it on the market officially

Now got to find somewhere to buy/rent where want to live....

[scooterscot]

The bubble is collapsing from the inside:

Inside 'Billionaires Row': London's rotting, derelict mansions worth £350m

[CheeseSlice]

But, but, but....George said:

George Osborne denies suggestions that Help to Buy will lead to London price bubble - Politics - News - London Evening Standard

Osborne Sees No Sign of U.K. Housing Bubble, Pledges Vigilance - Bloomberg

[AtW]

Dude seriously, do you need an expert to say that?


London shows signs of house price 'bubble’, experts warn - Telegraph