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Frank Cannon the Fat Detective

It Has Now Become A Sellers Market As People Are Rushing To Buy Property

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House prices are set to move higher in the early part of the year. Agents throughout the country say stock levels fell to two-year lows just before the holiday break, thanks to an unseasonal increase in buyers in December.

“We got rid of a lot of our old dogs — properties that had been hanging around — in the weeks leading up to Christmas,” says Richard Gaynor, head of Savills’ country homes department. “As a result we’re facing the first weeks of the new year with a shortage. That means only one thing for prices.”

Giles Soutry of Hamptons International, another estate agency dealing mainly in rural properties, says many areas such as Surrey and Kent will see a 5% price surge in the next few weeks. He reports a 39% increase in would-be buyers registering in the run-up to Christmas but a 20% fall in the number of homes on sale compared to late 2004. The result is what he calls “a clear swing” to a sellers’ market.

The story is the same in London and other big cities. “Stock has been gradually declining over the year and we now have 18% less for sale than in late 2004. Buyers are getting serious as they realise we’re now in a sellers’ market with competition high with few properties on sale,” says Ivor Dickinson of Douglas & Gordon, an agency with offices in Battersea, Chelsea and Kensington.

“Any house price falls will be prevented by the stability of the economy,” says Miles Shipside of Rightmove, a property website.

He says average values will rise by just 4% this year, which means that the typical asking price of a home on sale in the UK will move above £200,000 by the spring.

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House prices are set to move higher in the early part of the year. Agents throughout the country say stock levels fell to two-year lows just before the holiday break, thanks to an unseasonal increase in buyers in December.

“We got rid of a lot of our old dogs — properties that had been hanging around — in the weeks leading up to Christmas,” says Richard Gaynor, head of Savills’ country homes department. “As a result we’re facing the first weeks of the new year with a shortage. That means only one thing for prices.”

Giles Soutry of Hamptons International, another estate agency dealing mainly in rural properties, says many areas such as Surrey and Kent will see a 5% price surge in the next few weeks. He reports a 39% increase in would-be buyers registering in the run-up to Christmas but a 20% fall in the number of homes on sale compared to late 2004. The result is what he calls “a clear swing” to a sellers’ market.

The story is the same in London and other big cities. “Stock has been gradually declining over the year and we now have 18% less for sale than in late 2004. Buyers are getting serious as they realise we’re now in a sellers’ market with competition high with few properties on sale,” says Ivor Dickinson of Douglas & Gordon, an agency with offices in Battersea, Chelsea and Kensington.

“Any house price falls will be prevented by the stability of the economy,” says Miles Shipside of Rightmove, a property website.

He says average values will rise by just 4% this year, which means that the typical asking price of a home on sale in the UK will move above £200,000 by the spring.

When it happens, I might JUST MIGHT get a little worried. Until then ......SPIN SPIN SPIN SPIN SPIN!

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Edited by Young Goat

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Err...why? He posted a bullish article without comment. Okay, it was his first post, but that doesn't make him a troll. Why don't we give the guy a chance and see if he wants to enter into meaningful debate over the points raised in his post. If he doesn't then I will gladly call AWOOGA!

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Err...why? He posted a bullish article without comment. Okay, it was his first post, but that doesn't make him a troll. Why don't we give the guy a chance and see if he wants to enter into meaningful debate over the points raised in his post. If he doesn't then I will gladly call AWOOGA!

Sorry, but this one is so obviously a troll that he doesn't deserve a chance.

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Those people claiming that a property crash is coming are very mistaken and every day that goes by without even the slightest indication of a prospect of a crash in house prices only undermines their case. Many predicted that a crash would happen years ago but house prices have only continued to surge to the dizzying heights that prevail today and anybody taking the scaremongers advice will have certainly lost out on some specular rises in house prices.

A property crash is unlikely because in order for a crash to occur there will need to be a dramatic change in the economic fundamentals but this is just not going to happen.

The idea that somehow there will be a property crash soon was always pure claptrap that was argued by STR speculators who have misjudged the market and got greedy and sold their properties too early only to realise that the value of the properties they sold have shot up in value since they sold them and cannot bear to watch the values of the properties they sold to continue go on rising.

Many STR speculators thought they were being clever when they sold their properties thinking that a property crash was just around the corner so that they can buy back their homes for a fraction of the price they sold them for, but things have not quite worked out that way and instead of a crash occurring property prices have continued to rise strongly, much to the annoyance and irritation of the STR speculators.

Some STR speculators have given up their jobs to speculate full time on the housing market but are finding that the housing market is not as predictable as they thought and many are just sitting and waiting for a property crash to happen but since a crash is looking less and less likely they are having to resort to coming to websites like this and talking the market down by persuading people who are niave and gullible away from the property market.

Even if house prices were to fall the Bank of England has plenty of ammunition to cut interest rates to prevent a market crash. A fall in house prices will encourage the buy-to-let landlords into the property market and to snap up properties causing house prices to rise. There is alot of pent up demand from FTBs and STRs who have been unable to afford the high property prices and have been waiting patiently on the sidelines and a fall in house prices will cause these people to rush to the estate agent to snap up properties causing house prices to rise back up.

The scaremongers who having predicting a crash have constantly been proved wrong and are starting to look ridiculous and foolish. Despite the high house prices property remains affordable because of the sharp rise in people's incomes and the proliferation of low-interest fixed-rate mortgage deals that are on offer from a variety of lenders.

Edited by Frank Cannon the Fat Detective

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House prices are set to move higher in the early part of the year. Agents throughout the country say stock levels fell to two-year lows just before the holiday break, thanks to an unseasonal increase in buyers in December.

“We got rid of a lot of our old dogs — properties that had been hanging around — in the weeks leading up to Christmas,” says Richard Gaynor, head of Savills’ country homes department. “As a result we’re facing the first weeks of the new year with a shortage. That means only one thing for prices.”

Giles Soutry of Hamptons International, another estate agency dealing mainly in rural properties, says many areas such as Surrey and Kent will see a 5% price surge in the next few weeks. He reports a 39% increase in would-be buyers registering in the run-up to Christmas but a 20% fall in the number of homes on sale compared to late 2004. The result is what he calls “a clear swing” to a sellers’ market.

The story is the same in London and other big cities. “Stock has been gradually declining over the year and we now have 18% less for sale than in late 2004. Buyers are getting serious as they realise we’re now in a sellers’ market with competition high with few properties on sale,” says Ivor Dickinson of Douglas & Gordon, an agency with offices in Battersea, Chelsea and Kensington.

“Any house price falls will be prevented by the stability of the economy,” says Miles Shipside of Rightmove, a property website.

He says average values will rise by just 4% this year, which means that the typical asking price of a home on sale in the UK will move above £200,000 by the spring.

I must be very very lucky because I live in an area where there are lots of charitable people.

Despite the increase in house prices that are predicted the nice vendors in my area are dropping their prices to help all the buyers.

What a thoughtful lot they are.

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Sorry, but this one is so obviously a troll that he doesn't deserve a chance.

Give me some reasons and I'll maybe agree with you. A link to the article would have been nice. Okay, it goes against the prevailing ethos of this site, but it may make for an interesting discussion.

YG: I apologise, I've just read the other thread he has started, you were right. AWOOGA!

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I've got to agree with Phaedrus on this one, I'd not seen this article, and definately want to stay updated on the Bullish news as well as the Bearish.

Just branding everyone a Troll with a slightly different stance is going to lead to a very boring forum, OK so it was their first post, but I'd rather have read that article than not.

Things are obviously moveing downwards now, but it's great to see the last gasps of the EA's

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I've got to agree with Phaedrus on this one, I'd not seen this article, and definately want to stay updated on the Bullish news as well as the Bearish.

Just branding everyone a Troll with a slightly different stance is going to lead to a very boring forum, OK so it was their first post, but I'd rather have read that article than not.

Things are obviously moveing downwards now, but it's great to see the last gasps of the EA's

Sorry but I am always going to be suspicious of new registrations starting bullish new topics. I just don't believe that people genuinely new to the site tend to want to start new topics, instinct is to reply to existing ones first.

Of course there are exceptions but they are just that.

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OK.

Has Frank Cannon (pornstar name if ever I saw one!) responded to any questions or tried to substantiate any of his claims?

No?

Then what was his intention for these 2 new threads? To encourage active debate or just wind people up and fill the forum with cr@p?

The answer seems pretty clear to me.....

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Guest The_Oldie

I hit the wrong button and merged the two threads started in quick succession, instead of the intended move. Just thought I'd better explain in case anyone is confused, there were indeed two threads.

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its wise to read the bearish articles, just to keep up with arguments really.

The bit i disagree with is the mention of "sharp wage rises". Sorry, but i know no one who has got a sharp wage rise in quite a while, im in the public sector and our annual wage "rise" which works out to only about £30-£50 extra a month after tax,is hardly a sharp rise. Likewise xmas bonuses are a one off, so they dont count.

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Guest Bart of Darkness

It Has Now Become A Sellers Market As People Are Rushing To Buy Property.

Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha!

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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