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Housing Market Has A Spring* In Its Step... Thisismoney.co.uk

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"The property market looks to have a spring in its step, but it's still very much a buyer's market, so here is our guide to how to bag a bargain in bricks and mortar.

After several years of going nowhere we are seeing the return of the spring bounce with more property buyers and sellers ready to make a move. According to the National Association of Estate Agents (NAEA) there was a 25% rise in the number of properties for sale last month , compared to February 2010.

The NAEA also said the number of house hunters increased in this period to 268 per branch compared to 252 in January, which is a seven-month-high."

25% increase in supply

6% increase in demand

:rolleyes:

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and here's my guide to how to bag a bargain in bricks and mortar -

WAIT for prices to drop.

Or just wait for the price of one you like to drop.

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Thats one of the funniest press releases i've seen in ages...oh yes the property market has really turned a corner! BUY BUY BUY :rolleyes:

Edited by FIGGY

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"The property market looks to have a spring in its step, but it's still very much a buyer's market, so here is our guide to how to bag a bargain in bricks and mortar.

After several years of going nowhere we are seeing the return of the spring bounce with more property buyers and sellers ready to make a move. According to the National Association of Estate Agents (NAEA) there was a 25% rise in the number of properties for sale last month , compared to February 2010.

The NAEA also said the number of house hunters increased in this period to 268 per branch compared to 252 in January, which is a seven-month-high."

25% increase in supply

6% increase in demand

:rolleyes:

+ as far as I can see,

25% in one month compared to 6% in two. :D

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Alos take into account that most buyers register with more than one agent and suddenly the number of enquirers per branch looks a lot less.

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In the comments section:

9. I wish there were a Spring bounce in Maidstone. My properties dropped by over 20% since peak 2007 prices and I'm in negative Equity struggling to pay my mortgage. Luckily Ting Tong's started working nights to help 'ends meet'

- Sibley, Bangkok

Posted: 29 March 2011, 1:25pm

Own up, who's the joker? :lol:

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There is something wrong here.

25% increase in homes for sale in one month.

6% increase in apparent would be buyers in two months.

So where are all the 25% increased sellers going to live?

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There is something wrong here.

25% increase in homes for sale in one month.

6% increase in apparent would be buyers in two months.

So where are all the 25% increased sellers going to live?

a. They are selling to rent.

b. It is a new build.

c. It is a BTL

d. It is a second home.

e. The owner has died.

f. They are moving abroad.

g. They are moving in with a partner or friends.

h. They are moving back with parents.

i. House converted into flats.

j. Commercial property converted into residential property.

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+ as far as I can see,

25% in one month compared to 6% in two. :D

And if the number of branches has fallen, then the rise in buyers per branch may actually be a fall in overall buyers.

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a. They are selling to rent.

b. It is a new build.

c. It is a BTL

d. It is a second home.

e. The owner has died.

f. They are moving abroad.

g. They are moving in with a partner or friends.

h. They are moving back with parents.

i. House converted into flats.

j. Commercial property converted into residential property.

k. Cardboard box?

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  • 285 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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