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House Price Crash Forum


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About Redranger41

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  1. If a property is on two EA’s, I initially made an offer with one. It was rejected and then I made an improved one with the second agent, as I wasn’t happy with how the first one went about proceedings. How does this work in terms of introduction fees for the seller?
  2. 1 bed near Clapham south tube station. It’s about five min walk from the tube/common
  3. How much would prices have to reduce off the asking price for you to consider buying now? Or would you just wait no matter what post general election/Brexit. Seller has reduced 25K off initial price and potentially accepting my offer which is 31K under the asking price. Property initially listed back in 2018 for 75k above what the listed price is now. Not sure whether the price potentially agreed now is a good price or wait for post Brexit etc
  4. Current properties May have factored a no deal scenario slightly, given the drop as well. Properties prices would decrease further but depends if those buying now factor in that they’ll have to ride out the dip until confidence starts to increase again. / if BoE decrease interest rates.
  5. Prices in London fell 20% in the financial crisis. If you plan to be in a property for five years for example then it might not be the worst thing to buy now? Who knows. Prices will obviously decrease. I’ve found a property on my budget, if I wait for post Brexit, when they decrease, flats in the same area may not reduce enough for me to still being able to afford it.
  6. Alternatively, if it’s a no deal, prices dip, but then start to increase up; given the reduction in uncertainty and new trade deals formed. Interest rates are reduced to stimulate spending, causing an increase in people borrowing. Pushing prices up..
  7. Interesting to see what happens to prices when we have a general election in October.
  8. Six days earlier was this story.. https://www.homesandproperty.co.uk/property-news/london-house-prices-average-home-now-worth-less-than-on-the-day-of-the-brexit-referendum-a132751.html Nobody knows what'll happen.
  9. Join the club... This article however is hot air https://www.homesandproperty.co.uk/property-news/house-prices-in-london-asking-prices-see-growth-for-first-time-in-two-years-a132806.html
  10. Yep, I’ve agreed a price on a property, but I’m in two minds, so no idea what to do currently. Meanwhile facing pressure from the seller regarding opening up to viewings again. If some sort of deal is agreed I’m not sure prices will fall dramatically, unless a recession?
  11. https://www.independent.co.uk/news/business/news/uk-house-prices-latest-sales-brexit-rightmove-a9065716.html 'However, the more confident buyers are now abandoning the ‘wait and see’ approach and taking advantage of improved housing affordability as the Brexit deadline nears, Ms Frew said, commenting on Rightmove’s findings'
  12. I’m in this exact situation, agreed offer on one bed in Clapham (not a first time buyer and not needing to sell) Unsure as to whether to progress, given the potential of house prices decreasing further and stamp duty (15K currently)
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