TheCountOfNowhere Posted October 19, 2021 Share Posted October 19, 2021 38 minutes ago, Pop321 said: It’s mixed near us but certainly slowing for overpriced stuff. I did a mid month Property Lion Index check and most regions have fallen slightly in 2 weeks. Listing volumes down around 1%, not a big drop off given the time of year. Seeing plenty stuff "added today" having gone SSTC 6 months ago, each time they put the price up Quote Link to comment Share on other sites More sharing options...
Pop321 Posted October 19, 2021 Share Posted October 19, 2021 21 minutes ago, Twenty Something said: Is this like the 'froth' of the last however many years? According to your observations, things have been 'slowing' pretty much non stop for the past 18 months or so. Given the continued increase in prices that have undeniably occurred, where is the slowing? I guess if you keep posting that things are slowing you will be right at some point in the future. As per @MonsieurCopperCrutchabove, how many times are you people going to keep being wrong before you assess your world view? Ebb and flows. Winter 2020was good for us…so glad my lad didn’t jump in during the summer 2020 Sorry for suggesting people do research, exercise some caution and try buy well at the moment.😉 Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted October 19, 2021 Author Share Posted October 19, 2021 2 hours ago, gruffydd said: Good God the stamp duty holiday ended all of... 19 days ago! I thought it had began to be wound down early Summer? Quote Link to comment Share on other sites More sharing options...
Twenty Something Posted October 19, 2021 Share Posted October 19, 2021 48 minutes ago, Pop321 said: Ebb and flows. Winter 2020was good for us…so glad my lad didn’t jump in during the summer 2020 Sorry for suggesting people do research, exercise some caution and try buy well at the moment.😉 But as we've covered previously, that is common sense rather than insightful, and I cannot imagine anyone not doing research and trying to get the best deal they possibly can, however stupid you think the man on the street is. That isn't what I am commenting on however, which I suspect you understand, but won't of course address. I am commenting on your ability (and you are far from alone) to repeatedly state that you are observing things happening that are clearly not, and then when pulled up on it (again), are unable to even consider that you have been wrong. I get it, it's the internet and nobody is going to lose face, but I suspect you are seeing what you want to see, as opposed to what is actually happening. Confirmation bias as it were. Things haven't been 'slowing'. The market hasn't been 'frothy'. Prices have been accelerating upwards at pace both anecdotally and factually, yet again and again you are of course seeing the opposite and have anecdotes about how your neighbour paid £200,000 more than you for a comparable property. You can only cry wolf so many times before people who exist outside of this echo chamber are just going to laugh. Quote Link to comment Share on other sites More sharing options...
fellow Posted October 19, 2021 Share Posted October 19, 2021 Don't forget the Rightmove figures use initial asking prices only and do not include any price drops since the initial listing price. I am now seeing a lot more price drops on Rightmove (I was hardly seeing any in the Summer) but these are not included in the figures so the official data is showing asking prices increasing when they may actually be falling overall. Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted October 19, 2021 Share Posted October 19, 2021 58 minutes ago, MonsieurCopperCrutch said: I thought it had began to be wound down early Summer? The ending of the winding down was 30 Sept. Quote Link to comment Share on other sites More sharing options...
Pop321 Posted October 19, 2021 Share Posted October 19, 2021 1 hour ago, Twenty Something said: But as we've covered previously, that is common sense rather than insightful, and I cannot imagine anyone not doing research and trying to get the best deal they possibly can, however stupid you think the man on the street is. That isn't what I am commenting on however, which I suspect you understand, but won't of course address. I am commenting on your ability (and you are far from alone) to repeatedly state that you are observing things happening that are clearly not, and then when pulled up on it (again), are unable to even consider that you have been wrong. I get it, it's the internet and nobody is going to lose face, but I suspect you are seeing what you want to see, as opposed to what is actually happening. Confirmation bias as it were. Things haven't been 'slowing'. The market hasn't been 'frothy'. Prices have been accelerating upwards at pace both anecdotally and factually, yet again and again you are of course seeing the opposite and have anecdotes about how your neighbour paid £200,000 more than you for a comparable property. You can only cry wolf so many times before people who exist outside of this echo chamber are just going to laugh. I would love to share the personal specific details of the purchases made with street names…..but that not going to happen. Thanks for your interest. Onwards and upwards. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted October 19, 2021 Author Share Posted October 19, 2021 1 hour ago, gruffydd said: The ending of the winding down was 30 Sept. But for sales to take advantage of the cut I’m sure that said sales will have to have been well advanced well before 30th September. I fully understand your frustration though. I get it. What has happened to housing in the western countries is criminal. But you cannot let your frustrations cloud your judgement on reality. Quote Link to comment Share on other sites More sharing options...
moonriver Posted October 19, 2021 Share Posted October 19, 2021 7 hours ago, Pop321 said: Sorry for suggesting people do research, exercise some caution and try buy well at the moment.😉 Don't be sorry, as I found your post very helpfull. Quote Link to comment Share on other sites More sharing options...
moonriver Posted October 19, 2021 Share Posted October 19, 2021 7 hours ago, TheCountOfNowhere said: I did a mid month Property Lion Index check and most regions have fallen slightly in 2 weeks. Listing volumes down around 1%, not a big drop off given the time of year. Seeing plenty stuff "added today" having gone SSTC 6 months ago, each time they put the price up Thanks for the Property Lion update. Interesting, as this autumn is so difficult to predict. During the the past week, we too have noticed an increase in properties that were SSTC last spring/summer, coming back to market. And most here too had increased the price. We viewed one (with a view to only making a low offer) and the agent was downbeat, saying how the summer buying rush was over now. When I said I noted how many failed sales (including this one) there were, he said it was a combination of sellers not being able to find a property last summer, and buyers struggling to find mortgages. Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted October 19, 2021 Share Posted October 19, 2021 5 hours ago, MonsieurCopperCrutch said: But for sales to take advantage of the cut I’m sure that said sales will have to have been well advanced well before 30th September. I fully understand your frustration though. I get it. What has happened to housing in the western countries is criminal. But you cannot let your frustrations cloud your judgement on reality. I'm a financial analyst - I couldn't give a fig one way or the other. The sales numbers for Sept will have been agreed earlier. Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted October 19, 2021 Share Posted October 19, 2021 Back on market after sstc earlier this year... 😆 https://www.rightmove.co.uk/properties/53707581#/?channel=RES_BUY Price Change History 03/09/2021 Price changed from £665,000 to £775,000 24/09/2020 Price changed from £640,000 to £665,000 25/05/2019 Price changed from £650,000 to £640,000 22/04/2018 Initial entry found: £650,000 Quote Link to comment Share on other sites More sharing options...
Debt Slaves Posted October 19, 2021 Share Posted October 19, 2021 12 minutes ago, PeanutButter said: Back on market after sstc earlier this year... 😆 https://www.rightmove.co.uk/properties/53707581#/?channel=RES_BUY Price Change History 03/09/2021 Price changed from £665,000 to £775,000 24/09/2020 Price changed from £640,000 to £665,000 25/05/2019 Price changed from £650,000 to £640,000 22/04/2018 Initial entry found: £650,000 Couldn't sell in 2019 for £640,000, still unsold in 2021 and adds £135,000. Bet he's thanking the government and the printing presses. What ya gonna dooo? when the mania RUNS wild on YOU! Quote Link to comment Share on other sites More sharing options...
househunter123 Posted October 19, 2021 Share Posted October 19, 2021 Hi all. My area in the East Midlands, 2 beds are now going for what 3 beds were right up to March 2020 which is now around the 190-200k mark for a 2 bed semi in a less desirable area A sold house in April '21 sold for 200k, back on the market last week for 215k and sold within a couple of days. It's still hot here, no sign whatsoever of slowing down. Quote Link to comment Share on other sites More sharing options...
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