redwing

Thanks for thew chanhges. Signewd A blackberruy useer witrh fat fingers.

Aviva must be pleased as punch to get as many as us + all the Mail readers commenting so much about this article. What a great bit of PR - publish a bit of your market research as a means of getting people worried and then sell them some of you dodgy "investments". This is just more of the financial services sector hoping to bleed more business and commission off the masses. Leeches. The lot of 'em.

Enjoyable article. Definitely worth a 'click through'. Interesting juxtaposition of the different views on what makes housing 'markets' tick. Yet, no matter who looks at it or how, the general consensus seems to be that we're not at the bottom. Not by a long chalk. I'm rerally enjoying the overwhelming sense of bearishness in the press this summmer. Bring it on.

@jimj I shouldn't rely on bus passes continuing. They'll be means testing them at least. On my favourite topic I note from my weekly Rightmove trawl that the total for sale in Cambridge has hit the 500 mark. Bearing in mind that 400 wasn't reacherd till early July and that it was 250 in Feb, we do seem to be on a steady upwardsd trajewctory for inventory.

Just heard it reported on midnight on radio 4. It feels like a proper change in the tide of sentiment. Sweet dreams.

Not unless someoneKs moved Melbourn several miles west.

Yes. Ask the agent. You should be able to get a year, perhaps more, but it works both ways. Also, try to find out as much as poss abput the owner. Are tjey a reluctant landlord - then steer clear. Have they plenty of equity and a portfolio? - then perhaps they are more likely to be able to keep afloat for a longer term. Get tyhe right landlord (not the right house) and you should be OK. If the letting agent is any good s/he'll know who's a goof long term tenant and match you into a place for one of his more serious clients. At least, that's my theory.

News from the SW Cambs sticks. Contact of mine has had offer of 180k accepted on a house. Original asking was 215k in early 2010 since reduced to 200K. Previous owners gave it up in a partex for a new build apparently. Previous sale price was 185K in March 2004. "You do the math" as our US cousins would say. So, prices not quite so sticky out here. Let's hope the trend creeps into Cambridge.

I popped into the agemts who I let from at.lunchtime today. They know I'm looking to buy but told me they think prices are falling. The boss there has lost a lot of weight in the last six months. He's turned from fat slob to nearly presentable. Either he's on a health thing or he can't afford to eat and drink so much. The latter I hope.

Popped into my letting agent's this lunchtime - they do sales too. The boss has definitely lost weight since last Autumn. They said without much prompting that prices are falling and when I suggested the problem is persuading sellers that this is the case he harrumphed in acknowledgement. They know I'm a prospective buyer yet still suggested I'd be best waiting a while. And they're trying to sell houses for godsake! This is out in the sticks you understand.

Added in last 7 days RM for Cambridge breaks 100 barrier. It was C.50 early spring and C.20-30 in winter. Definitely more supply.

I've always wanted to be a omen:) I must admit to getting a bit disheartened since last spring but am feeling a lot more chipper about the prospect of economic armaghedon since the Tories got into power. They managed to engineer the eighties bubble and crash quite nicely.

Long time since I posted. Good to see the old thread's going strong. Bush emailed me a price reduction today. I'm still keeping a weekly tally of RM for sale and it's good to see the volume rising, even if the median price is stuck at over GBP250K + Out here in the SW Cambs sticks the market's still slow. Stuff does eventually sell but I haven't been here long enough to correlate the land reg prices against asking. But there's none of the fierce competetion between buyers you get in town. It does feel as though the tide is turning again. Let's hope it's more sustained this time. My feeling is the Gubmint would like to get a crash over quick. Then they can say in 5 yrs time that prices have been rising for 3. Toodle Pip

Go back to the Off-topic forum. That's where you usually hang out. And judging by your posts aboven it's where you belong.

I'm one of those STR FTBs. Began looking to buy in ;anuary and have had agents nearly biting my hand off. The problem is it seems their clients - the vendors - seem to think the whole correction's over. I don't feel destined to buy just yet. It needs a bit more panic amongst the sellers. It's going to be an interersting spring and summer. I'm lucky and old enough to be able to buy with cash - but I'm not going to throw my dosh around on over-priced dross.

It's all getting interesting. Sounds increasingly like fantasy pricing. Definitely worth hanging back for a while. I've been looking at houses out in the villages. I don't get the feeling that there's lots of buyers about. I put in an offer at 90 per cent.of asking three weeks ago which was rejected. Told the agent to call me if anyone put in a better offer. No news yet. But they were asking very near peak price.

I've had a look at your graph. Nice data. But can I just get clear what they are? The top line is total on the market including SSTC and the lower line those that aren't SSTC? There's no measure of demand in your analysis at all - as far as I can see. Furthermore, you only have data from mid 2009. I've been collecting similar data for my area since 2006 and there is usually an increase in the number of properties for sale through late winter into spring. You need to adjust for seasonality imo. Can you throw more light on your claim as I wish it were true?

Let's hope that's the end of the mini-boom. Almost everything imaginable was done last year to keep house prices up. The steam's run out now imo.

I think everything is in the higher price range :-(

Hi On my weekly RM check for Cambridge there have been 60 added in the last 7 days. The last time there was this many was the middle of October 2009. That's all. (Prices still silly, of course.)

Thanks Terminatrix - much appreciated. It's also really nice to see you on the forum again. It seems such a long time ago that we had the Cambridge pub meets. Drop me a PM and let me know how things are going.

It certainly looks like it from the photos in the link. The furniture's gone so they really do need to turn this house into cash pretty soon. "Offers IEO £250,000" is bonkers considering the stamp duty threshold. If they really want it to sell then get it down to £250,000 - not more.

Two items in last week's Cambridge News 350 jobs to be axed at engineering 300 jobs axed in £88m council [is it me, or is posting links harder now with this new forum software?] Two big reductions in jobs announced at the same time.

You got there before me. I saw the headline in the newsagents this morning. Front Page big splash.

We do seem to have gone very quiet. I'm still keeping my log of RM asking prices for Cambridge and there's not much sign of prices going anywhere much. There's still a shortage of stuff coming onto the market. And this morning I heard briefly on the Today programme that cities such as Brighton and Cambridge are much more likely to bounce back economically than those cities which have had a tough time through the recession. On a personal note, I'm quite enjoying a move to the countryside and am seriously thinking about buying outside of the city.