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justanewbie

Buyers And Sellers

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I distinctly remember in summer 2003, watching the "stand off"

between buyers and sellers as it dragged on to autumn, then

winter. It prompted me to take certain action, as I believed the

market would move again in spring 2004, which it did.

The sellers won that battle.

However, in 2005 it hasn't "bounced" and this battle between

buyers and sellers is in its 13th month (or so).

Seems to me, that, finally, sellers are cracking.

I just spoke to an EA.

He is rushed, frantic, desperate.

In my area, several houses are on at 10-15% below the January

price.

The war goes on......

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Is there analysis which correlates market volume with price movements? It is often stated here that the first automatically leads to the second after a period but what is the evidence from previous cycles and other markets? What if volume recovers? Has there even been a case when volume dropped and stayed at the lower level with no price change?

Intuitively it makes sense but can it be demonstrated?

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I distinctly remember in summer 2003, watching the "stand off"

between buyers and sellers as it dragged on to autumn, then

winter. It prompted me to take certain action, as I believed the

market would move again in spring 2004, which it did.

The sellers won that battle.

However, in 2005 it hasn't "bounced" and this battle between

buyers and sellers is in its 13th month (or so).

Seems to me, that, finally, sellers are cracking.

I just spoke to an EA.

He is rushed, frantic, desperate.

In my area, several houses are on at 10-15% below the January

price.

The war goes on......

True, true. A static market suits us though - our asset isn't depreciating in real terms. While interest rates are low, the longer their investment property sits empty, the more nervous the sellers get.

I don't think it's a case of cracking for a lot of buyers - very many of us couldn't buy, even if we wanted to. I would have to move at least 10 miles to find an area ropey enough for me to find even an "affordable" studio. It's not a question of me wanting prices to fall; I need them to fall before I can consider buying.

I think in 2 years I will have th eluxury of deciding whether or not I'd like to buy or rent.

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  • 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%



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