Kyouken Posted November 4, 2023 Author Share Posted November 4, 2023 3 hours ago, staintunerider said: In 1989 the market turned from boom to decline....this continued through the next few years, decline, decline decline. ... I was too young to really know what was going on then and just was aware things were bad for some reason. Where we are in the scheme of things in comparison is what I wonder. If feels like this is taking a lot longer than back then, but then I don't have a good sense of back then to properly get a good feel. Anyway back to the numbers for the week. They kept dropping this week no ups and downs during just down everyday down to 1406. Only up on the Friday. Numbers are for today. Could have been worse I guess. It isn't looking good for my hope of 1500 by the end of the year. 1412 available 2765 inc sstc. 7 day 160, 166 14 day 310, 331 Quote Link to comment Share on other sites More sharing options...
staintunerider Posted November 5, 2023 Share Posted November 5, 2023 (edited) 14 hours ago, Kyouken said: I was too young to really know what was going on then and just was aware things were bad for some reason. Where we are in the scheme of things in comparison is what I wonder. If feels like this is taking a lot longer than back then, but then I don't have a good sense of back then to properly get a good feel. Anyway back to the numbers for the week. They kept dropping this week no ups and downs during just down everyday down to 1406. Only up on the Friday. Numbers are for today. Could have been worse I guess. It isn't looking good for my hope of 1500 by the end of the year. 1412 available 2765 inc sstc. 7 day 160, 166 14 day 310, 331 Like with most investments you make your money early on by buying correctly before the price soars.... Real Estate in the Uk has been such a rigged game the last 20 years, rigged doesn;t really cover it....it's been madness way worse than the late 80's... So lots of folk think its still a winner because they have never seen it correct.....most folk in real estate made their money by buying at good buying points along the way....late 90's...early noughties...08-12......some look like they have after that but they will be run over like someone tied to the railway track when it corrects and rolls back. I've said if it doesn't happen inside the next 2- 3years...well 1) I'll be surprised 2) Why rush ? Because you have a clear window to see how this plays out....don;t think i've ever seen so much bear food and a clear window that says if x doesn;t happen well for some inexplicable reason if all the forces against real estate in the Uk don;t make it happen now ...how could it possibly ? Because buying into this ponzi at near peak will be the worst thing someone can do...it's better to wait...because if someone makes this mistake and leverages to the max.....they will be screwed.....as i saw in the 90's you just can't get out of it....prices dropping ...credit getting harder and expensive.....once in negative equity(very easy if you buy near peak) then you really are *******! And all for what ? If you have a mortgage and big loan to equity ratio....you are only kidding yourself if you think you're a homeowner anyway....there's already tales of folk trapped with the tower blocks and cladding....then the new build leaseholds with a mortgage and HTB....just a mountain of debt and service charges to boot....to falsely claim the title of homeowner ? Bonkers! Stay Away folk, she's going DOWN! A lot of folk with regard to Uk property are like Ismay in this scene at 0.50 "this ship can't sink" "She's made of iron Sir I assure you she can" "and She will, it's a mathematical certainty" Andrews And that's what I think we are faced with now in real estate in the UK, it's a mathematical certainty! Edited November 5, 2023 by staintunerider Quote Link to comment Share on other sites More sharing options...
Kyouken Posted November 11, 2023 Author Share Posted November 11, 2023 Down again. Okay it's winter but I had been hoping that distress would be pushing it higher. Hopefully it is people taking them off for winter and there will be a nice new year increase as they all pile back in. I have a feeling that is wishful thinking. For weeks now the number of reductions has decreased a lot. 1399 available 2760 inc sstc. 7 day 172, 173 14 day 302, 324 Quote Link to comment Share on other sites More sharing options...
staintunerider Posted November 11, 2023 Share Posted November 11, 2023 10 hours ago, Kyouken said: Down again. Okay it's winter but I had been hoping that distress would be pushing it higher. Hopefully it is people taking them off for winter and there will be a nice new year increase as they all pile back in. I have a feeling that is wishful thinking. For weeks now the number of reductions has decreased a lot. 1399 available 2760 inc sstc. 7 day 172, 173 14 day 302, 324 Quote Link to comment Share on other sites More sharing options...
Kyouken Posted November 17, 2023 Author Share Posted November 17, 2023 1381 available 2752 inc sstc. 7 day 141, 145 14 day 297, 314 At this rate it will be back under 1300 by Christmas. Quote Link to comment Share on other sites More sharing options...
Kyouken Posted November 25, 2023 Author Share Posted November 25, 2023 1350 available 2741 inc sstc. 7 day 179, 248 14 day 303, 381 sizeable drop though compared to Thursday not too bad, where it dropped suddenly to 1316. Today there were 120 postings which is the most I have seen by a long way in a very long time. Though more than half were sold, all listed by the same agent. Quote Link to comment Share on other sites More sharing options...
Flopsy Posted November 29, 2023 Share Posted November 29, 2023 Thank you for keeping this going. In my Bucks/Beds search very few 3 BR houses are coming onto the market now. Very few of any of the houses listed go "under offer" or "STTC". One particular large 4BR house I saw "SSTC" which is located close to me has disappeared now off Rightmove. The Sold sign has been removed by it hasn't hit Land Registry and there has been no removal van outside plus the car parked in the drive is still the same. Another 4 bedder is "under offer now". It was rented out long term and I know last time the LL found it hard to rent it out at the price they wanted. Be interesting to see the price if it ever sells. This may be a price discovery for a 4 BR house in the area. Quote Link to comment Share on other sites More sharing options...
Kyouken Posted December 2, 2023 Author Share Posted December 2, 2023 Down, down, down we go. 1285 available 2650 inc sstc. 7 day 107, 109 14 day 272, 351 Quite the drop this week, I can't see the next few weeks being any better. If it is people taking them off for winter I wonder when they will be back on next year Quote Link to comment Share on other sites More sharing options...
Kyouken Posted December 9, 2023 Author Share Posted December 9, 2023 1253 available 2528 inc sstc. 7 day 87, 88 14 day 176, 192 Not falling as fast as least? ... I suppose the total including sstc is falling just as hard so hopefully that it is just priory taken off the market. I will have to look closer at previous winter drops. Quote Link to comment Share on other sites More sharing options...
Kyouken Posted December 15, 2023 Author Share Posted December 15, 2023 1178 available 2453 inc sstc. 7 day 47, 49 14 day 125, 134 Quote Link to comment Share on other sites More sharing options...
Kyouken Posted December 23, 2023 Author Share Posted December 23, 2023 1123 available 2323 inc sstc. 7 day 29, 35 14 day 75, 86 Down again significantly, although on Tuesday there was a strange blip down to 1100. Last years numbers on the 23rd of December I have pasted below. So we are still up on the number of available by more than 10% in comparison. 945 available 2223 inc sstc. 7 day 41, 43 14 day 87, 97 According to what I put last year, 156 got added on boxing day last time. I'm going to be optimistic and hope for 300 plus this boxing day although that would still only put it back to the peak. Quote Link to comment Share on other sites More sharing options...
Kyouken Posted December 26, 2023 Author Share Posted December 26, 2023 Boxing day 1228 available, 2423 SSTC 24hr 131, 132 Up 100 it seems, with about 30 reduced based on the the total increase and 24hr difference. It doesn't really suggest a mad rush for the door. Quote Link to comment Share on other sites More sharing options...
Kyouken Posted December 30, 2023 Author Share Posted December 30, 2023 For the Friday, 1249 available, 2429 Inc SSTC 7 day 175, 177 14 day 204, 211 Quote Link to comment Share on other sites More sharing options...
Flopsy Posted December 30, 2023 Share Posted December 30, 2023 Thank you. Still trying to follow 'SSTC' in my area. No sign of anyone moving out. One went SSTC in September but same car in the drive and no packing boxes to see. The 4BR house that I started following last year has no sign of a new owner. The sign disappeared. The other 4BR still has tenants there. Sold sign outside. I am guessing that their 2 months notice runs out late January. Nothing else is happening in the other houses SSTC and most just not getting that far. Quote Link to comment Share on other sites More sharing options...
Kyouken Posted January 7 Author Share Posted January 7 On 30/12/2023 at 19:42, Flopsy said: Thank you. Still trying to follow 'SSTC' in my area. No sign of anyone moving out. One went SSTC in September but same car in the drive and no packing boxes to see. It basically is impossible to know isn't it. I do don't get why the land registry takes so long. They should at least have preliminary info a month after completion and just mark it as preliminary. Some of the places I have been keeping an eye on have suddenly sold recently. Hopefully that isn't a sign that things are on the up again. The number of houses that have come on since new year although good isn't anything it off the ordinary. I guess the next couple of weeks will show. Quote Link to comment Share on other sites More sharing options...
Kyouken Posted January 7 Author Share Posted January 7 1274 available, 2435 SSTC 7 day 127, 133 14 day 296, 306 numbers taken from Friday night/Saturday morning. no new year big increase. Quote Link to comment Share on other sites More sharing options...
Kyouken Posted January 13 Author Share Posted January 13 Disappointing week, looks like sales are up. I read the premium bond rate is dropping for march. So looks like interest rate is going down. 1278 available 2461 7 day 169, 177 14 day 272, 301 Quote Link to comment Share on other sites More sharing options...
Flopsy Posted January 13 Share Posted January 13 No sign of any increased sales on my Bucks/Bed search. The 4 bedders in my immediate area are not going SSTC on Rightmove any longer. However one detached 3 BR with garage went 'under offer' when the price was reduced on RM. I will be watching to see if this ever goes through. The majority of homes being listed are still at peak prices and are not selling. Quote Link to comment Share on other sites More sharing options...
Kyouken Posted January 19 Author Share Posted January 19 I have become more slack at looking around for the last few months, but today looked at the expensive area where there are million plus places and noticed there are a lot more for sale than their used to be. Looking at the poor area out doesn't seem to be much different. Up this week a small but decent amount. The cold probably didn't help with new listings or sales so the next couple of weeks could be interesting. 1298 available 2464 7 day 143, 156 14 day 288, 326 Quote Link to comment Share on other sites More sharing options...
Kyouken Posted January 26 Author Share Posted January 26 1305 available 2495 7 day 170, 175 14 day 296, 326 Only a small rise this week. However, there was a sudden drop to 1240 a few days ago on the available that seems to sporadically happen. So probably the number that have come on this week is the same as it has been recently. New build ads running out? I can never tell. Quote Link to comment Share on other sites More sharing options...
Kyouken Posted February 3 Author Share Posted February 3 Nice jump this week. Still feels like more are coming on in the top end. Reductions seem minimal though 1337 available 2534 7 day 181, 187 14 day 330, 350 Quote Link to comment Share on other sites More sharing options...
Kyouken Posted February 10 Author Share Posted February 10 Stalled this week. 1336 available 2552 7 day 165, 170 14 day 314, 344 Quote Link to comment Share on other sites More sharing options...
Kyouken Posted February 17 Author Share Posted February 17 Numbers from yesterday evening. Big drop from last week. Unfortunately doesn't seem to have been a sudden drop in one day from a clean up that seems to happen now and again. It was falling everyday of the week making me think there was a sudden uptick in sales. It got to about low 70's before Friday. Today down again to 1271. What has come on seems mostly over 400k again. 1283 available 2524 7 day 147, 150 14 day 288, 315 Quote Link to comment Share on other sites More sharing options...
Kyouken Posted February 23 Author Share Posted February 23 Another significant drop. Was another 10 to 15 lower a child of days ago. Prices seem to be all over the place lots of 4 bed detached 500-600 coming on that I would say are nearly 50-100k over from just last year. Others hitting 350k. 1265 available 2508 7 day 177, 185 14 day 308, 333 Quote Link to comment Share on other sites More sharing options...
Kyouken Posted March 1 Author Share Posted March 1 Better up than down I guess. Have seen a couple of 3 bed places down to 275k suddenly in an area I keep a close eye in. 1 reduced and 1 new on. Previously none have been under 300k 1270 available 2534 7 day 178, 183 14 day 327, 354 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.