

Rian1988
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About Rian1988
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Edinburgh is crashing? Great, can’t wait to get my hands on a house on the cheap 😁
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5% Mortgage Guarantee Confirmed
Rian1988 replied to rantnrave's topic in House prices and the economy
Glad I stopped speculating on a crash last year and made my purchase. Nothing is stopping HPI 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.
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Some interesting reading: https://espc.com/news/post/house-price-report-october-2020
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Examples of big & multiple drops
Rian1988 replied to Sausage's topic in House prices and the economy
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! -
Furlough ends, Mass unemployment begins?
Rian1988 replied to Warlord's topic in House prices and the economy
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 -
Furlough ends, Mass unemployment begins?
Rian1988 replied to Warlord's topic in House prices and the economy
It was quotes in an FT article today, apparently 3m as of end of August. -
House prices forecast to drop by 14% next year
Rian1988 replied to petetong's topic in House prices and the economy
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.
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Furlough ends, Mass unemployment begins?
Rian1988 replied to Warlord's topic in House prices and the economy
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 🤣
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https://www.mortgagestrategy.co.uk/news/barclays-lowers-maximum-income-multiple/ Also hearing that NatWest and others due to follow.
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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