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Norwich Now In A Frenzy

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Damn, I thought I left this sh@t behind me when I left London!

I moved from central London to Norwich a year ago and have started to look for somewhere to buy about a month ago. Trouble is anything I try to view has either gone under offer when I call up the estate agents or I get my viewings cancelled because the seller has found a buyer.

Last week I phoned up about 9 properties to view over the week ( try to organise most for the weekend). Out of the 9 , 3 just had offers accepted in the previous two days. Out of the remaining 6, three were cancelled on the day or day before the viewings due to asking price offers. So I got to view only three ! One of which had an offer accepted the hour before I viewed it...arghhh!

These are all around the sub 200k range. Not sure if this is all due to h2b first timers or people trying to front run them and Christmas time. What's shocking is how quickly and easily these 'offers' are being made like its a game of monopoly.

It seems that the 'wall' of money outside London is coming from cheap credit... As this place doesn't stink of liquid cash and wealth of the central London that I left.

On the plus side, 200k here will buy you a lovely detached house in a decent area here... In St. John's wood London I was looking at 250k starters for a frigging studio.

The madness is back and or it's still live and kicking.....

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Damn, I thought I left this sh@t behind me when I left London!

I moved from central London to Norwich a year ago and have started to look for somewhere to buy about a month ago. Trouble is anything I try to view has either gone under offer when I call up the estate agents or I get my viewings cancelled because the seller has found a buyer.

Last week I phoned up about 9 properties to view over the week ( try to organise most for the weekend). Out of the 9 , 3 just had offers accepted in the previous two days. Out of the remaining 6, three were cancelled on the day or day before the viewings due to asking price offers. So I got to view only three ! One of which had an offer accepted the hour before I viewed it...arghhh!

These are all around the sub 200k range. Not sure if this is all due to h2b first timers or people trying to front run them and Christmas time. What's shocking is how quickly and easily these 'offers' are being made like its a game of monopoly.

It seems that the 'wall' of money outside London is coming from cheap credit... As this place doesn't stink of liquid cash and wealth of the central London that I left.

On the plus side, 200k here will buy you a lovely detached house in a decent area here... In St. John's wood London I was looking at 250k starters for a frigging studio.

The madness is back and or it's still live and kicking.....

All the action is in the sub £250k homes. The rest of the market remains slow or very slow above £500k.

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Damn, I thought I left this sh@t behind me when I left London!

I moved from central London to Norwich a year ago and have started to look for somewhere to buy about a month ago. Trouble is anything I try to view has either gone under offer when I call up the estate agents or I get my viewings cancelled because the seller has found a buyer.

Last week I phoned up about 9 properties to view over the week ( try to organise most for the weekend). Out of the 9 , 3 just had offers accepted in the previous two days. Out of the remaining 6, three were cancelled on the day or day before the viewings due to asking price offers. So I got to view only three ! One of which had an offer accepted the hour before I viewed it...arghhh!

These are all around the sub 200k range. Not sure if this is all due to h2b first timers or people trying to front run them and Christmas time. What's shocking is how quickly and easily these 'offers' are being made like its a game of monopoly.

It seems that the 'wall' of money outside London is coming from cheap credit... As this place doesn't stink of liquid cash and wealth of the central London that I left.

On the plus side, 200k here will buy you a lovely detached house in a decent area here... In St. John's wood London I was looking at 250k starters for a frigging studio.

The madness is back and or it's still live and kicking.....

How many will actually complete ? http://www.housepricecrash.co.uk/forum/index.php?showtopic=194800

If the above turns out to be correct after all the ramping over the last few months only 1k being aproved HTB2 could be dead on the start line

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I thought 2007 was insane and you could see lunacy of the housing market and the imminent collapse.

The market is even worse now and is going to topple as soon as the london bubble pops.

Buy now...not a hope in hell.

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As this place doesn't stink of liquid cash and wealth of the central London that I left.

As a Norwich Citizen, it certainly does not! :D

A lot of people driving around in pricey German 'prestige' cars and 4x4s though, like London. Mostly bought on credit I assume.

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My Mum is downsizing to a house in one of the posh leafy small towns near Reading. It's been frantic there for at least the last 6 months. Any half decent house below £400K that comes onto the market will go SSTC at close to asking price within a few days.

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