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House Price Crash Forum


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Everything posted by paul65

  1. Yep, I thought I should say hello too. It's been a long time.
  2. Similar lurking and posting status to you Weebobby. My patience paid off. Finally completed on a 2,500 sq ft 4 bed 2 reception detached house with detached garage in Coleraine in Jan 2013. I think I hit the timing perfectly. House had gone sale agreed for £340k in 2007 (subsequently fell through) and I picked it up for less than half of that in Jan 2013.
  3. RICS Residential Market Survey - July 2013 Country Tom blames the wrong kind of weather. Surveyor Comments - Sales Aidan Conway MRICS, Andrews Chartered Surveyors, Londonderry, 02871263635 - Increased sales activity mainly from first time buyers. Bronagh Boyd MRICS, Digney Boyd Ltd., Newry, 028 30 833 233 - Improved market conditions with increased numbers of investors and first time buyers. Samuel Dickey MRICS, Samuel Dickey Estate Agents, Belfast, 02890652211 - The good weather creates a feeling of optimism and this is borne out with retail figures increasing. The overall confidence is improving in the property market with more positive news headlines on the recovery. Construction in NI continues to be a challenge. Tom McClelland, McClelland Salter, Lisburn, 02892674121 - Exceptionally good weather in July reduced enquiries, more fun things to do in the sun than look at houses. Surveyor Comments - Lettings Bronagh Boyd MRICS, Digney Boyd Ltd., Newry, 028 30 833 233 - Increased tenant numbers. Samuel Dickey MRICS, Samuel Dickey Estate Agents, Belfast, 02890652211 - The rental market is still strong with deposit affordability continuing to challenge first time buyers. Tom McClelland, McClelland Salter, Lisburn, 02892674121 - Rental demand is steady and tenants are looking for longer term lets. 7 WEB_ JULY 2013 RICS UK Residential Market Survey.pdf 7 WEB_ JULY 2013 RICS UK Residential Market Survey.pdf
  4. Same here. Apparently some machines have an issue according to this Daily Mail article: http://www.dailymail.co.uk/news/article-2294062/500-000-homes-dishwasher-risk-alert-Bosch-appliances-burst-flames.html
  5. Front page news on today's Newsletter http://www.newsletter.co.uk/news/business/houses-at-2003-prices-1-5179559
  6. Sad news indeed. I wonder did a NI solicitors start the closure ball rolling? http://namawinelake.wordpress.com/2013/05/05/how-paul-tweeds-johnsons-solicitors-are-trying-to-muzzle-the-namawinelake-blog/ http://namawinelake.wordpress.com/2013/05/01/neil-adair-clarification-and-apology/
  7. Richard Ramsey has been doing a twitter analysis of the report this morning over at https://twitter.com/Ramseconomics
  8. Congrats Malthus! Welcome to the paying RV -20% club Good to know I'm not the only one here getting a house at a sensible price. Patience certainly pays off.
  9. See https://www.gov.uk/stamp-duty-land-tax-rates Stamp Duty of 1% kicks in at £125,001
  10. From thedetail: Mortgage distress: The deals the banks are quietly settling for
  11. UPDATE: Rateable Value has been included in the Key Information box for each property.
  12. Here's the RICS report for February 2013 [PDF] 2 RICS UK Housing Market Survey - February 2013.pdf 2 RICS UK Housing Market Survey - February 2013.pdf
  13. Yep, if you scroll down through the property listing you come across all the stats you need on price changes, as well as time on market! The RV is gone but an indication of what the rates payment per annum from LPSNI is included. This is contained within the Key Information section and there's a bit in the footer which reads:
  14. We certainly haven't bottomed out. As you've noted yourself there's plenty of unrealistic stuff still on the market. We are gradually getting there though. As a first time buyer I had been waiting patiently to buy since September 2005. Thank God I waited. I finally bought a 4 bed, 3 reception, 2 bathroom detached house with separate garage a couple of months ago. I got it at a value close to 54% below peak bubble price and didn't have to bid against anyone. The value may come down further but I was happy to enter at the price point that I did. My combined mortgage and insurance payments are reasonable too, being just under 20% of my monthly take home pay, leaving enough to live on, covering DIY costs as well as the savings/rainy day fund.
  15. Saturday's Bel Tel carried the auction as it's front page with the rest of the story on page 7 or theseabouts I think. Strangely I can't find the story in the online edition though which is somewhat odd especially seeing as it was front page news on Saturday. You'd think they'd want to put the story online so they can wave the pom poms.
  16. Who me? What did I do At the price point I bought into for the property I purchased there was no way house prices were going up. 21.25% below 2005 Capital Rateable Value speaks for itself.
  17. Thanks Giraffe and 2buyornot2buy - really helpful info. I had a feeling it was a lost cause but thought it worth asking.
  18. Hi all - I moved into my 'first time buyer' house last weekend and I'll soon have the joy! of paying rates The house has a Capital Rateable Value approximately £40k above what I paid for it and I was wondering if anyone here had any experience in having their property revalued by the Land & Property Services folk? I've already submitted an enquiry for revaluation using LPSNI's online form and received the following back from them: I'm just curious in case anyone else has gone through the exact same process and what the outcome was for you?
  19. Just came across these articles in The Detail: The rate of repossessions where you live Court repossessions three times higher in Northern Ireland than the Republic
  20. Doccy, this may warrant a thread all of its own - There will undoubtedly be ramifications from this story which is about to break (tomorrow - Wednesday 9 January 2013) End of an era as McCausland announces dismantling of NIHE
  21. Something strange has happened that's for sure BB. Their website is still there but their Facebook site has disappeared. Nobody is answering their phone either. You could be right yet.
  22. Are you sure about that BB? I heard differently yesterday that they were still open.
  23. A very valid point BB about savvy HPC purchasers driving prices down. Don't underestimated the butterfly effect of my first time buyer domino toppling at a lower than expected sales agreed price as this has instagated a cain reaction of many other lower than expected sales agreed prices to come into being all along that particular sales chain. Lower sales agreed prices means lower value loans = less debt = good for society as a whole.
  24. Congrats to you too Vespasian! All the best in the lead up to completion. Hope you and Mrs V have fun moving into and then living in your new build :
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