Rian1988

Edinburgh is crashing? Great, can’t wait to get my hands on a house on the cheap 😁

Glad I stopped speculating on a crash last year and made my purchase. Nothing is stopping HPI now.

HERE WE GO!!! No stopping these falls now 😁

Overall up 4-5% by end of the year. Flats will stagnate and maybe fall in real terms but larger desirable homes with space will bring up the overall average.

Some interesting reading: https://espc.com/news/post/house-price-report-october-2020

This has to be one of my favourites.. https://www.zoopla.co.uk/for-sale/details/54419549?search_identifier=21a4769254d0000169c39a3b68571ca5 3 (2 of which are tiny) bedroom flat. Many similar flats on the same road for around £1.7m. Not sure a £200k drop will be enough!

Office for National Statistics surveys suggest that the share of private sector employees who are on furlough had fallen from around 30 per cent of the private sector workforce in May to around 11 per cent by late August, equivalent to around 3m people https://on.ft.com/33oHKHs

It was quotes in an FT article today, apparently 3m as of end of August.

Does propertylion scan ESPC or just Rightmove? If not ESPC, it’s unlikely to be accurate.

I’m watching quite a few properties on ESPC, and have had many back on the market after going under offer notifications. I suspect the lack of mortgage availability at higher LTVs is the problem.

Is there data available which shows how many are still on furlough? The data on the government website I think it just cumulative claims (9.6m).

https://www.mumsnet.com/Talk/property/4016652-Is-our-estate-agent-useless-or-is-it-the-flat Here we go again... overpriced flat and the usual suspects suggest hanging up a new shower curtain 🤣

https://www.mortgagestrategy.co.uk/news/barclays-lowers-maximum-income-multiple/ Also hearing that NatWest and others due to follow.

Not mumsnet, but another delusional seller https://forums.moneysavingexpert.com/discussion/6185384/early-days-but-why-is-my-house-not-selling-any-suggestions-welcomed/p1

Wow that is complete pie in the sky price, how on earth do they think it’s worth anything near that?