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Realistbear

N I House Speculators Are Trying To Sell Up To Avoid Risk

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http://www.ireland.com/newspaper/breaking/.../breaking13.htm

Last Updated: 15/07/2007 11:10
NI house prices stabilising, say surveyors
Galloping house price inflation in Northern Ireland has slowed as interest rate increases begin to bite and more new properties come onto the market, it was revealed today.
The latest study by the Royal Institution of Chartered Surveyors (RCIS) and the Ulster Bank said it was also taking longer to get a property sold.
Those who invested in property are also selling up in increasing numbers to
put their cash into less inflated housing markets.
However there is
no reason for house sellers to panic
- they said there was still strong price growth -though not at the massive rates of last year.

Speculators looking for a housing market somewhere else to screw up? Fing is, can they get their money out in time to do so, or, will they get caught in the queues at the local EA to list their properties for sale?

I wonder if they will follow the EAs advice and not panic?

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Oh dear. There's always that temptation to get that last pound out of your investment isn't there? The best time (safest) is to sell just before the top.

Ah well, they're all in it for the 'long term' anyway so they'll be fine! Even if they do drop in value it won't matter because in the long run property always wins doesn't it? Give it 30 years and they'll be fine.

No need to panic there to be sure.

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