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homeowner

Excess Of Property Due To Owners "trying Their Luck"

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It has come to my attention in my area anyway people putting their houses up for sale and not really being that serious about moving.

There attiude is this: if I can get the extortionate price I'm asking for Yeah I'll move, who would'nt, but if I can't sell; so what I'll stay I've lost nothing. I see this more and more with properties going up and even know a few people who have told me this is their plan.

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It has come to my attention in my area anyway people putting their houses up for sale and not really being that serious about moving.

There attiude is this: if I can get the extortionate price I'm asking for Yeah I'll move, who would'nt, but if I can't sell; so what I'll stay I've lost nothing. I see this more and more with properties going up and even know a few people who have told me this is their plan.

yes, and?

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Indeed.

And this affects indices such as Rightmove's without actually making the market any healthier.

This, among other things, is why I suggest interpretation of the indices these days (positive or negative) needs to be taken very cautiously.

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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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