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Bath V I Says Prices Rising As More Properties Come Onto Market

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11:00 - 06 March 2006
The thickness of this week's Property supplement is evidence of the fact that more houses are coming on to the market. Perhaps this reflects a growing confidence in the housing situation.
Reports certainly indicate that this area has not seen prices slump to the same degree that has been experienced in other parts of the country.
That may be good news for all those who have a property to sell and want to move on to somewhere bigger, or indeed smaller. It is, however, not too much comfort to those who have yet to step - or should that be jump? - on to the property ladder.
They must be feeling a little despondent at the idea that there's not likely to be much of a downturn in prices in the immediate future.

Speaking of thickness . . . . .

To the rational mind the huge number of properties coming to market this early in the Spring is an indication of:

1. People "flying a kite" to see what the market will bear

2. People selling to get out of crippling debt and a repo judgment

3. Wannabe STRs

4. Emigrating

Increased supply is not an indicator of higher prices. The opposite is true in the world I live in. The Bath paper is the biggest spinner on the planet.

Our local rag also has a huge property section this week and many are marked down or "no chain"--what does that say? Prices are falling and people are getting out.

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At least they have one thing right:

And just to make the whole house-buying experience a little less intimidating, it's as well to remember that first-time buyers are the lifeblood of the property market. Without them climbing on to the ladder, the whole business tends to snarl up.

Well, well.

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