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The Masked Tulip

Sellers Face Wait Of 12 Months To Shift City Homes

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Swansea's housing market downturn means some properties are taking a year or more to sell. The days of houses being snapped up within hours of being put up for sale are gone for now at least, say experts.

Three to six months is now closer to the norm. But some properties are hanging around for considerably longer. And sellers are being warned it could be another year or so before the market surges again.

SELLERS FACE WAIT OF 12 MONTHS TO SHIFT CITY HOMES

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There's a house I walk past on the way to school and its been for sale for over a year and half.

3 Bedroom Semi

Reduced £ 129,950

The terrace up for sale the week before xmas

2 Bedroom End Terrace

£ 84,950

SSTC

They're not far apart but odd how quick the cheaper one has been picked up (Will keep an eye on it to see if the sale goes through of course)

Seen another in the area

3 Bedroom End Terrace

Reduced £ 154,950 SSTC !

Can't wait to see how much that one actually goes for! :)

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If they are finally admitting to a 12 month average wait to sell then, IMPO, it is actually much longer. This is my own anecdotal experience anyhow of watching the Swansea market and still seeing houses on the market from 2- 3 years ago now.

There has been a lot of negative house market news since the start of the year. I see the VIs are trying to fight back today. Bottom line, HPs in the UK are now at ridiculous and unaffordable levels. A big crash is coming IMPO.

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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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