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Oliver Sutton

RICS -28% "UK house price growth weakest since 2011 "

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Worse than expected.

-22% last month

 

Residential_market_survey-Feb_2019-graph

UK house price growth weakest since 2011 as Brexit nears - RICS

The Royal Institution for Chartered Surveyors (RICS) said its monthly house price balance sank to -28 in February, the lowest since May 2011, from -22 in January.

 

https://uk.reuters.com/article/uk-britain-houseprices-rics/uk-house-price-growth-weakest-since-2011-as-brexit-nears-rics-idUKKCN1QV003?il=0

Edited by Oliver Sutton

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Are surveyors the guys who break make/break DEBTjunkie dreams?

 

”it ain’t worth taking on that much DEBT for pal”

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7 hours ago, Oliver Sutton said:

Worse than expected.

-22% last month

 

Residential_market_survey-Feb_2019-graph

UK house price growth weakest since 2011 as Brexit nears - RICS

The Royal Institution for Chartered Surveyors (RICS) said its monthly house price balance sank to -28 in February, the lowest since May 2011, from -22 in January.

 

https://uk.reuters.com/article/uk-britain-houseprices-rics/uk-house-price-growth-weakest-since-2011-as-brexit-nears-rics-idUKKCN1QV003?il=0

Errr mate, didn’t you hear house prices went up 5.9% last month. The fastest rate of growth in recorded history I’ll have you know!

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So logically the overpriced dregs which have been going sstc around here have a very good chance of falling through (some have been sstc since last summer) come mortgage time.

Additionally normal older people who are asset rich - cash poor are going to be more limited when MEWing for their children's homes.

 

Edited by Fromage Frais

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Asking prices still too high.......therefore the supply is not there......wait for the person that does not need a certain figure to buy at a certain figure......someone who will reduce their price to get something new at a reduced price....simples.;)

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30 minutes ago, winkie said:

Asking prices still too high.......therefore the supply is not there......wait for the person that does not need a certain figure to buy at a certain figure......someone who will reduce their price to get something new at a reduced price....simples.;)

I agree it however incredibly boring.

Crap - falling slowly

flats - falling slowly

Estate houses with inventory for sale - falling slowly

mansions - falling slowly

nice family houses 300k - 600k - hardly anything for sale and the dregs being bought for what seems crazy prices.

 

 

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3 hours ago, Fromage Frais said:

I agree it however incredibly boring.

Crap - falling slowly

flats - falling slowly

Estate houses with inventory for sale - falling slowly

mansions - falling slowly

nice family houses 300k - 600k - hardly anything for sale and the dregs being bought for what seems crazy prices.

 

 

Sure there can only be so many houses in a nice road, many of them have been extended to fit a family, people that are happy living in a certain home and have invested in that home and area tend to stick long-term.....

Many roads that used to be nice are no longer nice, many not so nice are nicer......all nice houses are nice it is the area that fixes the price......move to a nice home in a not so nice area that may one day become nicer or not so nice......like life, right place, right time.....nothing to do with job or education......luck.;)

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5 hours ago, winkie said:

Sure there can only be so many houses in a nice road, many of them have been extended to fit a family, people that are happy living in a certain home and have invested in that home and area tend to stick long-term.....

Many roads that used to be nice are no longer nice, many not so nice are nicer......all nice houses are nice it is the area that fixes the price......move to a nice home in a not so nice area that may one day become nicer or not so nice......like life, right place, right time.....nothing to do with job or education......luck.;)

Luck surely pays a part but do what we did and review the local development plans for some towns in your area. There's a lot of new development in many places atm and that includes high street regenerations, rail links and new roads. 

We bought a house on a busy cut through road in a market town voted constantly in the top 10 places to live in uk. Crossrail is 5 miles away (when it eventually owns lol) And our road becomes a no through road in a couple of years. 

Someone else i know bought a new build next to the land that the new relief road is to be built on. Poor *******. 

Most on this forum are savvy enough to play the game. All it takes is some research. 

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This guy is savvy from tiny garage to planning for 8 flats.  i only wish i had 1 or 2 million cash to play with i see lots of opportunity all over the place. 

once you have the funds you can make your own luck quite easily. 😉

http://emaps.elmbridge.gov.uk/ebc_planning.aspx?requesttype=parseTemplate&template=PlanningDetailsTab.tmplt&Filter=^APPLICATION_NUMBER^='2017/2484'&appno:PARAM=2017/2484&address:PARAM=Esher Tyre And Exhaust, The Broadway, Thames Ditton, Surrey, KT7 0LU&northing:PARAM=166375&easting:PARAM=515090

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On 14/03/2019 at 22:31, adarmo said:

Luck surely pays a part but do what we did and review the local development plans for some towns in your area. There's a lot of new development in many places atm and that includes high street regenerations, rail links and new roads. 

We bought a house on a busy cut through road in a market town voted constantly in the top 10 places to live in uk. Crossrail is 5 miles away (when it eventually owns lol) And our road becomes a no through road in a couple of years. 

Someone else i know bought a new build next to the land that the new relief road is to be built on. Poor *******. 

Most on this forum are savvy enough to play the game. All it takes is some research. 

How fortunate or lucky someone is, is not always dependent on how many people want to live in their house or how much their house increases compared to other houses.

Some might say luck is having the freedom and choice to live where they want to be, around the people that they feel safe and at home with....not all would wish to be is living 5 miles away from crossrail.;)

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  • 297 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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