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julieannboo

Alot Of Property Coming On To The Market In London

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On zoopla and rightmove.

The property market is usually dead this time of year.

Reckon these sellers know that london is peaking or has peaked?

Trying to cash in.....missed the boat.

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Trying to cash in.....missed the boat.

Yep, most buyers can't afford to buy these price levels (not with the bank throwing money at them) or, like most of us, just don't want to get into the debt level required to pay these prices.

Edited by renting til I die

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Yep. I've been looking to buy a house in London for the past year, have £300k cash deposit in addition to equity in my current property which barely has a mortgage, but I simply don't want to pay the current prices.

I have a good income so I think I'm better off getting a bigger deposit and not paying all that mortgage interest as I don't believe property can keep rising and am happy in my apartment. Once interest rates are higher and people can't pay the ridiculous prices sellers want, I should then be in a stronger position.

I find it hard to understand how people are affording to buy at these prices - it's gotta be mum & dad supporting them!

If I found the "dream home" then I would still go for it as I'd be there for 10 years or more, but I'm not looking at it as such an investment. Certainly not in the short term, anyway.

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I'm not seeing a lot of extra property coming up in any of my existing searches in Central and North London 2 beds and over.

Where are you seeing these properties Julieannbo?

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