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House Price Crash Forum

Newport has gone nuts


over50needhep
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I'd just got to the point where I'd got enough of deposit to buy a nice three bed house in a not too bad area, and suddenly someone anounced the bridge tolls were coming down.

Now every decent house I go for I'm being out bidded by people from Bristol.

EA valuers see this as their ideal opportunity to put what previously were only a 3 months ago £115k properties on the market for £135-£140k.

Seems that Bristol people are aware of Newport now and I've been in several bidding wars on properties that are barely worth £115k but am being told that Bristol people have offered 20% more than guide price.

Anyone else out there since this?  I've pulled out now having offered guide price because otherwise it'll inflate the market still further but it is clear that things are flying off the shelves.

 

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