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House Price Crash Forum

Potential FTB

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About Potential FTB

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    HPC Newbie
  1. Over the past 4 weeks any new listing in North Somerset has increased in value by between 5 and 10%. The way it's happened has been fairly dramatic, i just can't beleive what i'm seeing. Houses that have been in chains, go off market, and then come back on at 5-10% higher. F**ks me off.
  2. I have recently seen the following scheme run by a leading property developer to attract buyers to a new property development: With our EasyBuy scheme own 100% of your home and pay only 75% of the purchase price now! on selected 2 bedroom apartmentsYou pay only 75% of the purchase price now Your home is 100% yours from day one - this is not shared ownership You pay no interest or rent on the outstanding 25% The deferred interest free amount is paid back as 25% of the property’s open market value at any time up to resale or within 10 years, whichever is sooner This scheme also bene
  3. "LONDON (AFX) - A proposal put forward by the FTSE Group to dump investment trusts from the All Share index is "inconsistent" and would rob it of exposure to some of the most dynamic market sectors, according to Jeremy Tigue, manager of the Foreign & Colonial Investment Trust." I have shares in an Investment trust, and was wondering, does anyone know what would happen to my shares if it was decided to dump investment trusts from the All Share index?
  4. My main consideration when buying a house, would be, can i afford the mortgage repayments, as well as bills, and also have some kind of life. For me, a 2 bed terrace would cost roughly £150k i have £30k deposit, my mortgage repayments would be around £680 a month (5 year repayment mortgage). After pension, bills, council tax, petrol and food, i feel that i would be left with very little left to actually enjoy life!
  5. It looks as though the seller has had the kitchen and possibly bathroom refitted. Chances are that the seller purchased the property at a reduced price (still over priced IMO).
  6. http://www.thisisbristol.com/displayNode.j...tentPK=14006874 First-time buyers desperate to get on the property ladder queued round the block to be first in line for an affordable starter home. Builders have yet to secure planning permission for the 106 new homes and workmen are not even close to beginning laying the foundations. Despite only having blueprints to look at, hundreds of hopeful buyers lined up as Redrow Homes unveiled plans for its new estate at Stoke Gifford. Prices start at £59,995 - almost half the cost of an average first-time property in the city. Deposits were put down
  7. Possibly the Telegraph? http://www.telegraph.co.uk/property/main.j...1/ixptop12.html Only 5% though.
  8. My latest findings from Nailsea, Backwell, Yatton and Clevedon are that the lower end properties (between 120k and 190k) are selling before they've even been advertised, or at least sold stc. These properties are mainly 2-3 bed semis or terrace houses. (These are the houses i'm interested in) Upper end properties 280k + are not selling as easy. I have also noticed a few chains breaking. I'm not sure what conclusions to draw from this. What i am wondering is will the availability of stock at the high end force prices to come down, and therefore force the prices of the lower end properties
  9. I have been monitoring the prices of houses in North Somerset for the past 12 months. In particular, the houses aimed at First time buyers in Nailsea, Portishead and Yatton. I have noticed drops in prices for houses that are marketed above £300k, but anything below this seems to be pretty static. I'm thinking the reason for this could be the following: Shortage of suitable FTB properties Quality Schools Easy access to Bristol and the M4/M5 motorways Just wondered if there is anyone out there with knowledge of North Somerset, and what their thoughts are on the future of house prices in t
  10. I was wondering, from those who might have experience of this, what sort of realistic discount you can negotiate on a new build? There are 2 reasons why i ask this: 1. Looking at ourproperty.co.uk, there appear to be what i would call rogue sale prices for property i.e. 70k on a property which would normally sell for £150k - £180k, at a development in Port Marine. 2. I was recently told by a surveyor that it was possible to negotiate discounts of 25 - 30% off a new build property if you agreed to sign a confidentiality agreement. Any ideas?
  11. I have noticed falls too for 1/2 bed flats, but in my opinion they are still far too pricey for what you actually get. If you venture out of Bristol into the villages of North Somerset i.e. Nailsea, Clevedon, Portishead, the falls are slow in coming. 5k off a 160k house is about as good as it gets Although you may get more if you shop around.
  12. From reading the posts, i get the impression that most of you expect the average house price to fall to 3.5 times the average salary. Personally i don't think this will happen. Is there any evidence to support this theory? from my point of view, i would love it if the average house price came down to 3.5 times the average salary.
  13. My plan is to wait until October to see how the market pans out. If it is still falling significantly, i will stay out until i feel i am getting value for money. If the market is levelling off, i will probably buy even if i don't think i am getting value for money. I any case, i am hoping that houses currently priced at £150k will be down to around £120k by the end of the year. Not sure what the chances of this are though.
  14. I have been browsing the forum for a while looking at arguments for and against a HPC. I have been looking at the housing market for the past 2/3 years hoping that i could save enough of a deposit so i could buy my own place, but as my deposit increased, so did house prices. I believe the next 6 months will give a good indication as to whether we are looking at a sharp fall, soft landing, stagnation or increase, and i am going to hold out until September/October until i decide whether to buy or not (I can't afford the prices to go racing away again) What do you guys think? PS - Prices in N
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