TheCountOfNowhere Posted July 6, 2021 Share Posted July 6, 2021 (edited) Given we have see the same house price mania in several countries, I guess we'll see the same end to it. Anyway, U.K. demand is falling. it looks eratic at best. Worth noting about the demand before CV19 took off...it was falling. In the UK, prices were about to go -ve. Coincidence.... Edited July 6, 2021 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
spyguy Posted July 6, 2021 Share Posted July 6, 2021 Let me reword that. Load of over excited buyers, after spending a few months doing open houses and dreaming have gone to the bank and had a nasty surprise. Woman down the road from me, after 20 years of rolling over debt, has just been turned down - too old, too little earnings. Quote Link to comment Share on other sites More sharing options...
msi Posted July 6, 2021 Share Posted July 6, 2021 What about all those magic 'cash buyers' just waiting to snap up your house for 20% over asking? Quote Link to comment Share on other sites More sharing options...
GregBowman Posted July 6, 2021 Share Posted July 6, 2021 1 hour ago, msi said: What about all those magic 'cash buyers' just waiting to snap up your house for 20% over asking? Cash buyers don't do that that's why they are cash buyers 😉 Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted July 6, 2021 Share Posted July 6, 2021 2 hours ago, TheCountOfNowhere said: Given we have see the same house price mania in several countries, I guess we'll see the same end to it. Anyway, U.K. demand is falling. it looks eratic at best. Worth noting about the demand before CV19 took off...it was falling. In the UK, prices were about to go -ve. Coincidence.... After most WFH and making great savings during the lockdown it looks like a race for space since March 2020. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted July 6, 2021 Share Posted July 6, 2021 2 hours ago, spyguy said: Woman down the road from me, after 20 years of rolling over debt, has just been turned down - too old, too little earnings. Strange. Do you know her personally? Quote Link to comment Share on other sites More sharing options...
spyguy Posted July 6, 2021 Share Posted July 6, 2021 11 minutes ago, MonsieurCopperCrutch said: Strange. Do you know her personally? Yes.. Quote Link to comment Share on other sites More sharing options...
Si1 Posted July 6, 2021 Share Posted July 6, 2021 (edited) 20 minutes ago, MonsieurCopperCrutch said: After most WFH and making great savings during the lockdown it looks like a race for space since March 2020. I think that's a very important factor. I've got a theory that a nice or big garden really helps sell a house right now, more so than pre covid. Edited July 6, 2021 by Si1 Quote Link to comment Share on other sites More sharing options...
spyguy Posted July 6, 2021 Share Posted July 6, 2021 2 hours ago, msi said: What about all those magic 'cash buyers' just waiting to snap up your house for 20% over asking? The house needs to be sold before they have the cash. At least, in 74% of cases Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted July 6, 2021 Share Posted July 6, 2021 2 hours ago, Si1 said: I think that's a very important factor. I've got a theory that a nice or big garden really helps sell a house right now, more so than pre covid. Any kind of garden is nice. I love to sit out in the sun of an evening, with some cold beer (as I did during last Summer). I can't imagine being holed up in a boxy house/apartment in a densely populated urban area with probably just a small concrete yard, or maybe not even that. Will this make things like crappy little 'executive apartments' less desirable to buy? Hard to say - people will see investment opportunities as for sure people will continue to rent them for proximity to work. But I think people genuinely interesting in buying a place to live in will look for larger places with gardens, even if not ideally situated for work, especially if there is to be more WfH opportunity. Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted July 6, 2021 Share Posted July 6, 2021 Starting to see some drops in asking round my way. Partly to do with summer holidays, I expect. Quote Link to comment Share on other sites More sharing options...
Freki Posted July 6, 2021 Share Posted July 6, 2021 I did not see this in a while: Brings me back Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 6, 2021 Author Share Posted July 6, 2021 17 minutes ago, PeanutButter said: Starting to see some drops in asking round my way. Partly to do with summer holidays, I expect. The lower stamp duty cut is effectively over, witht he summer hols you got to be looking at 12/16 weeks to get a sale through now. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 6, 2021 Author Share Posted July 6, 2021 https://www.zerohedge.com/personal-finance/mortgage-apps-crash-pre-covid-lows-homebuyer-confidence-collapses Oh dear.... Quote Link to comment Share on other sites More sharing options...
yodigo Posted July 6, 2021 Share Posted July 6, 2021 10 minutes ago, TheCountOfNowhere said: https://www.zerohedge.com/personal-finance/mortgage-apps-crash-pre-covid-lows-homebuyer-confidence-collapses Oh dear.... But that's the good ol' U S of A.... We're different, things can only get better, HPI forever!!! Quote Link to comment Share on other sites More sharing options...
zugzwang Posted July 6, 2021 Share Posted July 6, 2021 3 hours ago, Freki said: I did not see this in a while: Brings me back Lovely! 👍 Quote Link to comment Share on other sites More sharing options...
markyh Posted July 7, 2021 Share Posted July 7, 2021 18 hours ago, Si1 said: I think that's a very important factor. I've got a theory that a nice or big garden really helps sell a house right now, more so than pre covid. Whoop whoop, my Garden is 1000m2+ 100m x 10m , although i've never fully measured its true length as it's very over grown at the end bit where i dump my ride on mower grass clippings. I do know from the French patio doors to our 10 seater Garden Rondarval is 80m as i ran the cat5 cable for wifi. It's lovely up there, it sees sun from sun up to sun down as there is nothing tall enough, close enough, to cast it in shade. Thatched Garden Buildings, Thatched Gazebos, Julian Christian Quote Link to comment Share on other sites More sharing options...
msi Posted July 7, 2021 Share Posted July 7, 2021 House prices dip as stamp duty holiday ends House prices dipped 0.5% in June as the stamp duty holiday began to be phased out, according to the Halifax. Prices rose 8.8% over the year, leaving average prices still more than £21,000 higher, following a broadly unprecedented period of gains. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 7, 2021 Author Share Posted July 7, 2021 19 minutes ago, msi said: House prices dip as stamp duty holiday ends House prices dipped 0.5% in June as the stamp duty holiday began to be phased out, according to the Halifax. Prices rose 8.8% over the year, leaving average prices still more than £21,000 higher, following a broadly unprecedented period of gains. Shouldn't that have it's own thread ? Quote Link to comment Share on other sites More sharing options...
msi Posted July 7, 2021 Share Posted July 7, 2021 24 minutes ago, TheCountOfNowhere said: Shouldn't that have it's own thread ? https://www.housepricecrash.co.uk/forum/index.php?/topic/241026-halifax-house-price-index-jun-21-a-fall/ Quote Link to comment Share on other sites More sharing options...
MattW Posted July 7, 2021 Share Posted July 7, 2021 On 06/07/2021 at 17:06, TheCountOfNowhere said: The lower stamp duty cut is effectively over, witht he summer hols you got to be looking at 12/16 weeks to get a sale through now. This is what I think. There are a few asking price reductions at the area of the market I’m looking at. Still bugger all choice though, which I’m hoping will improve come freedom Day. Quote Link to comment Share on other sites More sharing options...
sta100 Posted July 8, 2021 Share Posted July 8, 2021 Definitely faltering. I've overpaid for my house. Ho hum. Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted July 8, 2021 Share Posted July 8, 2021 My rightmove alerts just sent me more reductions. I still think houses with gardens priced correctly will sell, but people aren’t desperately compromising and paying over the asking for sub-par properties. On the same street near me there are 4 semis on with the same footprint with a price difference of 500k between top and bottom. Quote Link to comment Share on other sites More sharing options...
winkie Posted July 8, 2021 Share Posted July 8, 2021 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 8, 2021 Author Share Posted July 8, 2021 15 minutes ago, winkie said: Remember when young people wanted to change things, what the **** has happened to them, they all want to be celebs, gamers and get on the housing ladder prop up the housing bubble for the rich. 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.