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House Prices In West Sussex

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We made an offer on a house asking price 575k. Our first offer of 545k was rejected so we increased it to 565k only to be told that as we hadn't sold our own house the vendor wasn't interested.

A couple of weeks lated the house was sold to someone else, don't know how much for though?

Since then we have noticed that previously unsold houses that were sticking on the market have now sold.

We are still looking for a house in our price bracket but they are very scarce, lots cheaper and lots dearer but we want to invest around 600k in this area.

Decided to take our house off the market for the moment and waiting to see how the market performs.

It looks like this area of the Country is very buoyant at the moment. Can't see any sign of a decline in prices, quite the reverse. Too many people chasing the same properties.

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It looks like this area of the Country is very buoyant at the moment. Can't see any sign of a decline in prices, quite the reverse. Too many people chasing the same properties.

Or are you all living in the same dreamworld? Runaway train and all that. Bigger cliff, means longer and faster to fall.

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We made an offer on a house asking price 575k. Our first offer of 545k was rejected so we increased it to 565k only to be told that as we hadn't sold our own house the vendor wasn't interested.

A couple of weeks lated the house was sold to someone else, don't know how much for though?

Since then we have noticed that previously unsold houses that were sticking on the market have now sold.

We are still looking for a house in our price bracket but they are very scarce, lots cheaper and lots dearer but we want to invest around 600k in this area.

Decided to take our house off the market for the moment and waiting to see how the market performs.

It looks like this area of the Country is very buoyant at the moment. Can't see any sign of a decline in prices, quite the reverse. Too many people chasing the same properties.

Funny that you couldn't sell your house then.

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Or are you all living in the same dreamworld? Runaway train and all that. Bigger cliff, means longer and faster to fall.

Peoples salaries in this part of the country are not as high as you think. I suggest that if you saw this weeks Panorama where people have been using multiple credit cards and have been using them to fund deposits and to supplement their mortgage payments. The bank of England are terrified to put up interest rate but this they must and they have played the same game informing the people over the past year that they must be careful about buying property in the current market. They think this will let them off the hook when it all comes crashing down but it wont , there is going to be carnage. Global interest rates are on the move and Prudence (Gordon B)has run out of cash so batten down the hatches !!

Edited by faloos

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We had offers but refused them as the house we wanted was sold, didn't seem to be much point in selling ours.

We're in East Preston area.

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Peoples salaries in this part of the country are not as high as you think. I suggest that if you saw this weeks Panorama where people have been using multiple credit cards and have been using them to fund deposits and to supplement their mortgage payments. The bank of England are terrified to put up interest rate but this they must and they have played the same game informing the people over the past year that they must be careful about buying property in the current market. They think this will let them off the hook when it all comes crashing down but it wont , there is going to be carnage. Global interest rates are on the move and Prudence (Gordon B)has run out of cash so batten down the hatches !!

And you meant what exactly? We all know that all the loonies are on the road to oblivion. I agree that Mr B has done a fantastic job of causing a massive spending spree, making us all feel very rich, when his taxation policies are in fact draconian. The government may well be brought down with what is about to happen. All the gravy train technicians are about to feel the pinch :lol:

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We're in East Preston area.

Ah Littlehampton then!

Sorry just joshing with you. East Preston is a very pleasant area indeed. Mrs btp liked our friend's house there.

Are you on one of the many private estates?

btp

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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