Jump to content
House Price Crash Forum
Sign in to follow this  
schadenfreude

Hefty Rise In Repos

Recommended Posts

Guest uberstuka

"Across Britain, banks and building societies took possession of 4,640 properties, compared with 3,070 in the previous six months, a rise of 51 per cent."

Say no more.

Share this post


Link to post
Share on other sites

Once there is a critical mass of repo property on the market it acts to set the new floor. I remember last time around where the psychology went from 'must get on the ladder' to 'going to get me a repo if I really have to move' over the course of 12-18 months. The chat went from 'how much I've made' to 'how much I've saved'.

When repos are common then no-one in their right mind buys at full market price direct from a vendor.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.