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ItalianV6

Received This Email From An Estate Agent

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Sounds like they have had a few questions since yesterdays Brexit and looking to 'reassure'.

"After the patient wait, we now know Britain’s choice on its EU membership. Many of our purchaser and sellers alike have quizzed us on the aftermath of this morning news’ impact to the property market.

The decision of this unrelated public vote does not alter the circumstances that remain: the lack of available homes for the British public. We will continue to have an imbalance of supply and demand, which has in the past driven property prices in only one trajectory.

I remember back in 2010 when we had the same level of “uncertainty” which generated one of our most successful periods at mile… UK house prices out performed stocks and shares and will continue to do so given the aforementioned.

Majority of homes in the UK have been purchased via borrowing from the banks. Given the reforms that await us it would be economic suicide to suggest interest rates would increase. Therefore it remains plausible sense that the banks will continue lending at a practical rate while the strength of the Pound Sterling will only improve. Positively, compared to the last drama that challenged the property market, banks are now government owned.

In all, London remains a sought after destination, and we do not suspect demand to fall. We transact in a vibrant area that is not dictated by central markets. With pre-planned investments on the horizon such as the improvement of Harlesden and the installation of the Crossrail/HS2 this will continue to positively influence prices and outperform adjacent areas.

Why “fear” the unknown? We will all continue to require a roof above our heads."

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Sounds like they have had a few questions since yesterdays Brexit and looking to 'reassure'.

"After the patient wait, we now know Britain’s choice on its EU membership. Many of our purchaser and sellers alike have quizzed us on the aftermath of this morning news’ impact to the property market.

The decision of this unrelated public vote does not alter the circumstances that remain: the lack of available homes for the British public. We will continue to have an imbalance of supply and demand, which has in the past driven property prices in only one trajectory.

I remember back in 2010 when we had the same level of “uncertainty” which generated one of our most successful periods at mile… UK house prices out performed stocks and shares and will continue to do so given the aforementioned.

Majority of homes in the UK have been purchased via borrowing from the banks. Given the reforms that await us it would be economic suicide to suggest interest rates would increase. Therefore it remains plausible sense that the banks will continue lending at a practical rate while the strength of the Pound Sterling will only improve. Positively, compared to the last drama that challenged the property market, banks are now government owned.

In all, London remains a sought after destination, and we do not suspect demand to fall. We transact in a vibrant area that is not dictated by central markets. With pre-planned investments on the horizon such as the improvement of Harlesden and the installation of the Crossrail/HS2 this will continue to positively influence prices and outperform adjacent areas.

Why “fear” the unknown? We will all continue to require a roof above our heads."

Desperation

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The decision of this unrelated public vote does not alter the circumstances that remain: the lack of available homes for the British public. We will continue to have an imbalance of supply and demand, which has in the past driven property prices in only one trajectory.

I remember back in 2010 when we had the same level of “uncertainty” which generated one of our most successful periods at mile… UK house prices out performed stocks and shares and will continue to do so given the aforementioned.

...Why “fear” the unknown? We will all continue to require a roof above our heads."

'Roof over our heads' a secondary function to the priority for mad-gainz seeking, for many market participants, it seems to me. Mad gainz mad gainz, seek the mad gainz.

London Upsizer: That's the trouble; this isn't as clear cut as some of you like to think. The victims in an HPC won't just be wealthy baby boomers and usurious banks. Personally, what I view as morally repugnant is that we, as a nation, are failing to provide adequate housing to all our citizens. That's not the same as thinking everyone should have the right to own their very own financial asset. How did we ever end up, as a country, believing it is?

If you want to be seen as 'a big boy' you should probably hold off from implying that you should be thought of as some kind of 'victim'.

And everyone else dealing with that reality right now, who have no hope for a home of their own without a HPC, despite also working hard and making sacrifices?

Everyone should have a right to a home of their own. Shelter and security are basic human needs. Land is a natural resource, not a made thing that can rightly be monopolised by the select few who created it.

The fact that you choose to describe that primarily as owning a "financial asset" is exactly what's wrong with this country.

There seems to be a certain subset of existing homeowners who are intent on trying to convince younger generations that they're horribly entitled if they think they should have the same opportunities at homeownership as their elders did. This is incredibly distasteful to say the least.

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Therefore it remains plausible sense that the banks will continue lending at a practical rate while the strength of the Pound Sterling will only improve. Positively, compared to the last drama that challenged the property market, banks are now government owned.

?

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Selling snake oil

Well all those lapping up the HPI forever mad gainz sales pitch, at these prices of the last few years (let alone Bubble 1.0 2001-07), makes their own decisions, in a market, where they're outbidding those who refuse to pay such houses. I look at housing as homes, not mad-gainz forever HPI lubbly jubbly financial assets.

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Not so busy that he cannot dash out an email telling everyone who busy they'll be eh?

End of the day, housing transaction have been on their ar5se since 2002ish. My northern home area is turing over houses at 10% of what you'd expect.

The last 10-15 years have seen BTLers take over the role of FTB. OO transaction have collapsed.

The majority of BTL purchases since RR ascension has gone to EE.

The majority (80%) of EE do not earn enough to stay in the UK without a sub - HB or TCs. That sub will stop.

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Here's one I had at 8.06am on Friday

"The results are in. The British public has voted to leave the European Union by a 52% majority. It’s been a closely run contest, but finally, after months of speculation, we know where we stand.

In the lead up to June 23, both the ‘remain’ and ‘leave’ camps bandied around alarming statistics and made extraordinary claims about the fate of the UK property market. But you can ignore the scaremongering, as the UK property market is a lot more resilient than you think. House prices are up 2,000% since we entered the European Union in 1973, with London being at the centre of this growth and this isn’t likely to dramatically change anytime soon – EU or no EU. The scarcity of quality homes on the market will ensure that demand continues to outstrip supply.

The truth is, before any large event that could dramatically affect the economy, there is always a period of uncertainty in the property market. We saw this last year with the General Election and of course post the 2008 financial crisis. But we also saw how quickly the London market picked up again, which it no doubt will, once the dust has settled.

We may be in uncharted territory, but that’s not a bad thing as it presents our country with plenty of opportunity.

If you’re looking to sell or rent your home, it’s always been important to be realistic about its value; as price, along with position and presentation are top priorities for buyers and tenants. At Aspire, we can help you find the right buyer or tenant at the best possible price, and answer any questions you have about your property in the wake of the leave vote."

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If they're up to this BS then the **** has clearly fallen clean out of the market! SDLT + Referendum... can't wait to see the next few months transaction levels!

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Sending out an email telling people not to panic when they weren't panicking will surely create panic.

Or sending out an email telling the public not to panic, clearly demonstrating that the agent is panicking :blink:

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Sounds like they have had a few questions since yesterdays Brexit and looking to 'reassure'.

"After the patient wait, we now know Britain’s choice on its EU membership. Many of our purchaser and sellers alike have quizzed us on the aftermath of this morning news’ impact to the property market.

The decision of this unrelated public vote does not alter the circumstances that remain: the lack of available homes for the British public. We will continue to have an imbalance of supply and demand, which has in the past driven property prices in only one trajectory.

I remember back in 2010 when we had the same level of “uncertainty” which generated one of our most successful periods at mile… UK house prices out performed stocks and shares and will continue to do so given the aforementioned.

Majority of homes in the UK have been purchased via borrowing from the banks. Given the reforms that await us it would be economic suicide to suggest interest rates would increase. Therefore it remains plausible sense that the banks will continue lending at a practical rate while the strength of the Pound Sterling will only improve. Positively, compared to the last drama that challenged the property market, banks are now government owned.

In all, London remains a sought after destination, and we do not suspect demand to fall. We transact in a vibrant area that is not dictated by central markets. With pre-planned investments on the horizon such as the improvement of Harlesden and the installation of the Crossrail/HS2 this will continue to positively influence prices and outperform adjacent areas.

Why “fear” the unknown? We will all continue to require a roof above our heads."

Where is that agent based?

'continue lending at a practical rate while the strength of the point will only improve' - I assume then that this agent has staked everything on a currency move upwards then?

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Where is that agent based?

'continue lending at a practical rate while the strength of the point will only improve' - I assume then that this agent has staked everything on a currency move upwards then?

Just wait for the pound to go back up, is the new just rent it out, innit.

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Where is that agent based?

'continue lending at a practical rate while the strength of the point will only improve' - I assume then that this agent has staked everything on a currency move upwards then?

West/North London

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  • The Prime Minister stated that there were three Brexit options available to the UK:   31 members have voted

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