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BananaMan

Prices In Hampshire Are Booming

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Last week i was thinking i will bite the bullet and buy at 2013s overinflated prices, but im looking at whats coming on the market and asking prices have gone up by around 20% or more from recent selling prices.

Gidiots created a monster with "Help to Buy" as surely these sellers are looking at asking prices and will have to get close to be able to move.

I was offered work in Libya this morning, the thought of risking my life to earn enough to buy one of these slave boxes means i won't be going, good luck to people playing the benefits system!

After a splash of paint and a cheap carpet and kitchen/bathroom its Sold STC for 199K

http://www.rightmove.co.uk/property-for-sale/property-43515416.html

It sold in June 2013 for 145K

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43515416&sale=49350887&country=england

...........................................................

This one has come on today for 190K

http://www.rightmove.co.uk/property-for-sale/property-42749191.html

When this identical one sold for £156,750 in March 2013

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=39951719&sale=49137287&country=england

...........................................................

This one is up for 190K

http://www.rightmove.co.uk/property-for-sale/property-43512749.html

It sold for 165K in 2011

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=43512749&sale=46048910&country=england

...........................................................

Asking 180K

http://www.rightmove.co.uk/property-for-sale/property-29159112.html

Sold for 158K in 2013

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=27846023&sale=48522671&country=england

...........................................................

Recently Sold STC 199K (approx) 2 bedroom

http://www.rightmove.co.uk/property-for-sale/property-44332124.html

A 3 bedroom on the same street sold for 170K in November 2013

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=27709307&sale=50243795&country=england

There are many more

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Wonder whether bears in the Midlands and north where prices haven't budged an inch since 2005 will heed your warning and still be waiting for the house price crash that has already happened with property halving in real terms in these areas.

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Wonder whether bears in the Midlands and north where prices haven't budged an inch since 2005 will heed your warning and still be waiting for the house price crash that has already happened with property halving in real terms in these areas.

Depends where you are up North im currently in Beverley and prices are similar to 2005 but wages havent doubled.

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Wonder whether bears in the Midlands and north where prices haven't budged an inch since 2005 will heed your warning and still be waiting for the house price crash that has already happened with property halving in real terms in these areas.

The pre-existing housing bubble is being pumped up by career politicians seeking re-election. There has been no crash yet, that is still to come.

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The pre-existing housing bubble is being pumped up by career politicians seeking re-election. There has been no crash yet, that is still to come.

Next decision in the pipeline is to see whether H2B gets halted in September when its due for review by Carney... ive a feeling they may just wind it in to properties up to 300K keeping the artificial bubble going for in this range..

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Depends where you are up North im currently in Beverley and prices are similar to 2005 but wages havent doubled.

Quite a fortuitous place (East Yorkshire) to live if you are looking to buy. Bears have been in the box seat for a decade and prices are well down on 2007 and about the same as 2004/5, just hope they aren't about to throw it all way. The same could have been said about Hampshire until a couple of years ago.

Edited by crashmonitor

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I'm in the North East - Northumberland, and we had a bit of a correction, 20% or so, but since the turn of the year asking prices are right back up there at peak 2007. Loads of stuff that failed to sell over the last few years is back on at higher prices.

Very disheartening, but I have no idea who is buying, wages are cr@p and it's 7, 8, 9 times local earnings for a 2 bed terrace.

We are right back to the old ways and I'm sure the end result will be the same, another banking crisis.

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Quite a fortuitous place (East Yorkshire) to live if you are looking to buy. Bears have been in the box seat for a decade, just hope they aren't about to throw it all way. The same could have been said about Hampshire until a couple of years ago.

Im only here on a temporary basis yes i could buy something nice for 170-180K, the same in somewhere just about average like Chandlers Ford would be 250-300K.

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True story from Hampshire.

Hubby and Wifey buy 2007 for £222k.

Wifey goes bankrupt 2012. Couple splits up. Mortgage down to £145k, arrears paid up.

Bankruptcy trustee waits a while then demands sale of property. EA values at £215k minimum.

Three offers in 2013, all rejected by Hubbie because "they don't reflect the market price": £170k, £180k, £195k.

In 2014 trustee loses patience, gets court sale on the latest offer. Hubbie hit with £3k legal costs.

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True story from Hampshire.

Hubby and Wifey buy 2007 for £222k.

Wifey goes bankrupt 2012. Couple splits up. Mortgage down to £145k, arrears paid up.

Bankruptcy trustee waits a while then demands sale of property. EA values at £215k minimum.

Three offers in 2013, all rejected by Hubbie because "they don't reflect the market price": £170k, £180k, £195k.

In 2014 trustee loses patience, gets court sale on the latest offer. Hubbie hit with £3k legal costs.

Even in Hampshire I guess we are only back to nominal peak. Seven years, 22% inflation in retail prices, massive mortgage servicing costs, the block paving, the new kitchen, the new bathroom, the garage extension, the complete redecoration and all for a fat zero or bankruptcy if you are profligate. Previous generations enjoyed a tripling in prices every decade and then it all hit the buffers.

Unless you are in London, property owning has been one financial disaster these past 7 years.

Edited by crashmonitor

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I'm in the North East - Northumberland, and we had a bit of a correction, 20% or so, but since the turn of the year asking prices are right back up there at peak 2007. Loads of stuff that failed to sell over the last few years is back on at higher prices.

Very disheartening, but I have no idea who is buying, wages are cr@p and it's 7, 8, 9 times local earnings for a 2 bed terrace.

We are right back to the old ways and I'm sure the end result will be the same, another banking crisis.

nobody?

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Even in Hampshire I guess we are only back to nominal peak. Seven years, 22% inflation in retail prices, massive mortgage servicing costs, the block paving, the new kitchen, the new bathroom, the garage extension, the complete redecoration and all for a fat zero or bankruptcy if you are profligate. Previous generations enjoyed a tripling in prices every decade and then it all hit the buffers.

Unless you are in London, property owning has been one financial disaster these past 7 years.

I havent had a 22% pay rise, my wages are the same and from what i see so is every other working proles. (most my friends work in building and car trades)

Petrol prices have gone up from 87.3p in Jan 07 to 136p in Jan 14

http://www.petrolprices.com/the-price-of-fuel.html

Food has gone up a similar amount so we've less spare cash to inflate house prices.

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Wonder whether bears in the Midlands and north where prices haven't budged an inch since 2005 will heed your warning and still be waiting for the house price crash that has already happened with property halving in real terms in these areas.

2004.

sales from 4 months ago reappearing.

the recivery is b.s.

tge last boat has sailed for anyone wanting to sell their 2007 dead weight

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Even in Hampshire I guess we are only back to nominal peak. Seven years, 22% inflation in retail prices, massive mortgage servicing costs, the block paving, the new kitchen, the new bathroom, the garage extension, the complete redecoration and all for a fat zero or bankruptcy if you are profligate. Previous generations enjoyed a tripling in prices every decade and then it all hit the buffers.

Unless you are in London, property owning has been one financial disaster these past 7 years.

I reckon bank bailouts & QE have done a good job masking the problem, but they haven't fixed anything.

I suppose the flip side of pumping liquidity is to drain the pool of forced sales. You could argue in the example I gave that HPC in nominal terms should be judged by the second offer - a crash of £42k - 19%. That's the figure I consistently come across for voluntary sales of flats (not houses) since 2009.

It's a weird market.

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tge last boat has sailed for anyone wanting to sell their 2007 dead weight

But the boat for people wanting to profit from 2008-2013 prices seems to be at the shore with many a sucker getting on in the areas ive shown.

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But the boat for people wanting to profit from 2008-2013 prices seems to be at the shore with many a sucker getting on in the areas ive shown.

duh!

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Well selling prices are rising from 2008 prices.

wot is it?...asking prices or selling prices...make your mind up.

And where are these people moving to?...or are people generally dying off in your area?

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wot is it?...asking prices or selling prices...make your mind up.

And where are these people moving to?...or are people generally dying off in your area?

If you look at the links i have shown asking and selling prices rising.

Yes people are dying in my area, do they live forever in yours?

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If you look at the links i have shown asking and selling prices rising.

Yes people are dying in my area, do they live forever in yours?

I mean, are all the sales out of chains?...if not, the very same sellers all appear to be happy to take their now average £175K mortgages, up 30K in 2 years.

And I dont know how you find info about actual prices paid recently.

When I was buying houses, I NEVER paid the asking price...even in the 80s boom...and neither did the people I sold to...and I still dont pay asking rents.

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1391263422[/url]' post='1102459372']

Well selling prices are rising from 2008 prices.

When the e.a. Leeches and btl scum bags are on here telling us how the market is booming...you know they are terrified and the whole boom has just exploded in their faces.

If he's not a e.a. He must be very weak willed to have bought into the government media hype from last year...buy now or miss out....on a life time of debt.

Go away you horrible little man

Edited by TheCountOfNowhere

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Last week i was thinking i will bite the bullet and buy at 2013s overinflated prices,........

After a splash of paint and a cheap carpet and kitchen/bathroom its Sold STC for 199K

http://www.rightmove.co.uk/property-for-sale/property-43515416.html

...........................................................

Recently Sold STC 199K (approx) 2 bedroom

http://www.rightmove.co.uk/property-for-sale/property-44332124.html

A 3 bedroom on the same street sold for 170K in November 2013

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=27709307&sale=50243795&country=england

There are many more

But how many "Sold Stc's" fall through ?

It used to be 1 in 3 a few yrs ago, I would guess it is more now.

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