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TheCountOfNowhere

Bbc Says, Again, Prices Going Up, Due To No Supply

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it must be true, the BBC says estate agents says prices going up due to lack of supply.

I read as, market dead due to insane prices,collapse to follow.

You'd need to be some kind of lunatic to buy a house now.

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Tallies with my own RM searches here. Supply dropped by 20% at the end of last year and has yet to regain that. Election uncertainty could be one factor, BTL activity reducing the churn of supply perhaps, the sheer cost of moving is a huge obstacle. Obscene asking prices still evident - more noticeable drops since Spring started. If this is an EAs busiest time of year, they're going to be in dire straits when the summer lull hits.

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no shortage in Yorkshire lots of for sale signs and its rare one sells.

I really despise the BBC

and your right count you would have to be smoking crack to think buying now was a good idea

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Shortage of properties for sale is caused by artificial demand from speculators expecting price increases.

It's the same in every rising market. The opposite happens when prices are falling.

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it must be true, the BBC says estate agents says prices going up due to lack of supply.

I read as, market dead due to insane prices,collapse to follow.

You'd need to be some kind of lunatic to buy a house now.

Yep like my wife..but that ok shes foreign.

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There is no accounting for the " lure of the ladder"

Some of the desperation to own a home comes from the misery of renting!

I say this as a long-term renter (and true HPC believer) -- there is still little worse than the dreadful annual worry-go-round of rent-gouging and vulturesque EAs trying to pick the bones. Pony up, or go hire a van and move your entire life one more time. Also expect to lose about 2 months of your free time to stressful house-hunting, not to mention being continually distracted at work.

I've done 7 moves in 15 years - wouldn't wish it on my worst enemy (maybe a lettings agent though!).

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Guest

No supply? What about the 70 new build flats in London - appearing on Rightmove EVERY DAY!!!

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No supply? What about the 70 new build flats in London - appearing on Rightmove EVERY DAY!!!

I've just checked and I can't see anything of the sort???

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I've just checked and I can't see anything of the sort???

Nw1 +10miles. Nearly 800 newbuilds in last 2 weeks. Mostly flats but not all.

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Nw1 +10miles. Nearly 800 newbuilds in last 2 weeks. Mostly flats but not all.

Unfortunately the majority of them seem to be £400k plus!

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I assume all this 'supply' doesn't include all the tat that has been on the market for years at fantasy prices?

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