HovelinHove Posted January 28, 2020 Share Posted January 28, 2020 (edited) I’m seeing everything decent round here (West Sussex) selling very quickly now, and I think prices are going up. Nothing under half a million worth looking at. I don’t see this ending any time soon unless there is a serious Black Swan. We have an offer on a house since November, but I’m nervous we may get gazumped as it is starting to look like a bargain. Edited January 28, 2020 by HovelinHove Quote Link to comment Share on other sites More sharing options...
Trump Invective Posted January 28, 2020 Share Posted January 28, 2020 Kite flying here in Sheffield. Got a view? Stick 50k on top of your asking price. Just fitted a kitchen? There's another 50k. Absolute madness. Quote Link to comment Share on other sites More sharing options...
longgone Posted January 28, 2020 Share Posted January 28, 2020 Yep new build krap sat for over a year 1st week after the election all sold. Nuts. Quote Link to comment Share on other sites More sharing options...
msi Posted January 28, 2020 Share Posted January 28, 2020 10 minutes ago, HovelinHove said: We have an offer on a house since November, You've answered your own question on speed of buying. I'm not seeing any movement along the Sussex / Surrey border. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 28, 2020 Share Posted January 28, 2020 Looking at the, recently revised, Zoopla price estimate, yes. Otherwise no. Zoopla revised their "Price estimate" upward by about 20% a month ago. Quote Link to comment Share on other sites More sharing options...
dougless Posted January 28, 2020 Share Posted January 28, 2020 Its all looking good in South Oxfordshire as it seems flatter than a flat thing. Lots of properties around me that have been on the market for over a year without a sniff apparently. Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 28, 2020 Share Posted January 28, 2020 I think in Leeds there was a belt bounce from 2016 onwards and now we're seeing a few reductions, removal from market, and kite flyers. Wiley Coyote. Quote Link to comment Share on other sites More sharing options...
warrior88 Posted January 28, 2020 Share Posted January 28, 2020 London seems stagnanat for now Quote Link to comment Share on other sites More sharing options...
spyguy Posted January 28, 2020 Share Posted January 28, 2020 No. Very few sales. Quote Link to comment Share on other sites More sharing options...
Flopsy Posted January 28, 2020 Share Posted January 28, 2020 My various Bucks and Beds searches are not showing many houses selling. 3 I saw going under offer before Xmas have become available again. In one small area there are more 3 BR houses on the market than I have ever seen before. Another area is stagnant with little coming on and little selling. The exception(s) would be houses close to rail stations which still seem to be going to people leaving London and detached homes with garages in some areas. The hotspots aren't here - at least in my price range. Quote Link to comment Share on other sites More sharing options...
shavedchimp Posted January 29, 2020 Share Posted January 29, 2020 4 I have been watching in Oxford all went STC suddenly today. So possibly yes... Quote Link to comment Share on other sites More sharing options...
RomfordDon Posted January 29, 2020 Share Posted January 29, 2020 Looking around Romford I have noticed houses come on the market and stay there for months or sell with in a few weeks. Not seeing any kind of bounce at the moment. Quote Link to comment Share on other sites More sharing options...
spyguy Posted January 29, 2020 Share Posted January 29, 2020 8 hours ago, Flopsy said: My various Bucks and Beds searches are not showing many houses selling. 3 I saw going under offer before Xmas have become available again. In one small area there are more 3 BR houses on the market than I have ever seen before. Another area is stagnant with little coming on and little selling. The exception(s) would be houses close to rail stations which still seem to be going to people leaving London and detached homes with garages in some areas. The hotspots aren't here - at least in my price range. Under offer. If you look again in a few months time youll find the sales have fallen thru. Dont look at asking prices, looking at the number of mortgages being sold. UK housing is hot when 90k/month mortgages are sold. Average 70k/month. I think thers about 40k/m Quote Link to comment Share on other sites More sharing options...
winkie Posted January 29, 2020 Share Posted January 29, 2020 No money, not enough money = no sale......as already stated, how the market reacts is all down to the availability of money or easy debt........those that could buy don't want or need to buy, they have enough bedrooms to clean as it is......got better things to do with it......others do not want to load themselves up with more debt just at a time when they might soon become debt free.....just to get a better kitchen or another spare bedroom.? Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 29, 2020 Share Posted January 29, 2020 56 minutes ago, spyguy said: Under offer. If you look again in a few months time youll find the sales have fallen thru. Dont look at asking prices, looking at the number of mortgages being sold. UK housing is hot when 90k/month mortgages are sold. Average 70k/month. I think thers about 40k/m I think that's happening in Leeds basically. And then price reduced a month or so later. Quote Link to comment Share on other sites More sharing options...
HovelinHove Posted January 29, 2020 Author Share Posted January 29, 2020 Glad to hear not everyone is seeing what I think I’m seeing. I’m wondering if it just the “pent up demand” thing, but once that has gone through the system the reality of a potential hard Brexit, no deal with the US and a worsening global outlook will calm things down again...remind me why I’m buying now? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 29, 2020 Share Posted January 29, 2020 On the surface, things seem busier my way. Put in the context of a very stagnant Q4 due to political uncertainty, then at the moment there's little more than kiteflying sellers' wild optimism... Quote Link to comment Share on other sites More sharing options...
winkie Posted January 29, 2020 Share Posted January 29, 2020 3 minutes ago, rantnrave said: On the surface, things seem busier my way. Put in the context of a very stagnant Q4 due to political uncertainty, then at the moment there's little more than kiteflying sellers' wild optimism... These kiteflyers only think the HPI is what it has been, will always do what it has done.....they workout what improvements they have done if any and add it to 2% per month increase to the price they paid for however long they have lived there......that is their new price.? Quote Link to comment Share on other sites More sharing options...
ebull Posted January 29, 2020 Share Posted January 29, 2020 I'm also buying, just over a month in. Simply because I want [to live in] the place I'm buying. I believe what we're seeing now is a post-election/end-of-Brexit-act1 bounce and will be over by May. Constant media shit about how terrible the Brexit-act2-negotiations are going after we've had this sunny interval period will drive all markets down after that for a while. Green shoots of a new pickup in early summer 2021 [assuming Boris keeps his word and we're properly out and able to rebuild in December]. Of course Brexit-haters will hate that rosy picture of the future. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 29, 2020 Share Posted January 29, 2020 Nothing selling round here. Asking prices falling esp at the bottom. Looking good for some big falls this year. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 29, 2020 Share Posted January 29, 2020 11 hours ago, HovelinHove said: I’m seeing everything decent round here (West Sussex) selling very quickly now, and I think prices are going up. Nothing under half a million worth looking at. I don’t see this ending any time soon unless there is a serious Black Swan. We have an offer on a house since November, but I’m nervous we may get gazumped as it is starting to look like a bargain. Maybe the big falls in asking prices have convinced the last remaining idiots to jump in. Quote Link to comment Share on other sites More sharing options...
hotblack42 Posted January 29, 2020 Share Posted January 29, 2020 10 hours ago, HovelinHove said: I’m seeing everything decent round here (West Sussex) selling very quickly now, and I think prices are going up. Nothing under half a million worth looking at. I don’t see this ending any time soon unless there is a serious Black Swan. We have an offer on a house since November, but I’m nervous we may get gazumped as it is starting to look like a bargain. We're looking in West Sussex. Of 10 houses and bungalows we've looked at seriously over 18 months, ONE has exchanged, the rest are still for sale, some having enjoyed their first anniversary (we're thinking of putting cards through the letterbox). These are places around £300k that were over £200k 10 years ago. Prices are too high, but much lower than elevated sections of the coast and easing very slowly. This is the area with the projected effect of a 3m rise in sea level. Large parts of it are prone to temporary flooding and a lot of it will be permanently flooded at some point in the next 100 years or so. We've priced the risk into our offers, but so far the vendors are not playing ball. If you want value and can wait you need to start looking at parts of West Sussex with a flooding risk. Quote Link to comment Share on other sites More sharing options...
ebull Posted January 29, 2020 Share Posted January 29, 2020 I just checked the areas I monitor/save counts of houses on RM that are marked available [not sstc]. Very very low stock/supply. My guess is time of year / the pent up supply has not yet arrived. Some of the pent up demand whose need is inevitably more urgent has taken up stock that was there. Quote Link to comment Share on other sites More sharing options...
cbathpc Posted January 29, 2020 Share Posted January 29, 2020 South Manchester - Sale specifically. Low amounts of stock, houses are on for absolutely stupid money - obviously aren't shifting. Anything that comes on reflecting a 'realistic' price is snapped up instantly..but very few do Quote Link to comment Share on other sites More sharing options...
lostinessex Posted January 29, 2020 Share Posted January 29, 2020 Mid-Essex - in the fairly low-end section of the market I'm following I'm not seeing much selling - in fact a couple of properties I was tracking reduced their prices this month. There was an open house on one I viewed at the weekend and I was told only one other person was booked in to view it. Might be different at the higher end of the market - I have seen a lot of nicer family homes going SSTC but down in the dregs I can afford things seem stagnant. Quote Link to comment Share on other sites More sharing options...
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