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Can somebody on here knock up a version of this that can be handed out to prospective FTBers who may still be milling outside EA's window's? It could say something like:

"Don't panic, supply now far exceeds demands and prices have been falling for six months. Why rush when in two years time you could get up to 25% of the price of an average starter home!" :lol:

....just a thought!

Edited by SlumpmonkeyII
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Rang one of our local EAs today ( North London) to get an idea of how they thought the housing market was panning out. The conversation went something like this:

It's most certainly a buyers market.

Seeing lots more repossessions.

Can easily make a offer of more than 10%.

Not looking at the market increasing by more than 3% this year.

Maybe they are desperate for the business. ;)

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Hi everyone

Not posted in ages, but have been lurking ;)

Saw this today on a university campus in the East Midlands, just had to post it here.

poster.jpg

"There are more rooms available than students to fill them"

Whooda thunk it?

You don't say where, but if it's Nottingham it's been like that for ages: when our daughter decided to take up a place at Uni there back in 2002 we had a sniff around to see if it was worth BTL for her to live in; looked at all the To Let & Student Rooms Available signs and hightailed it out again. Last year she was in a really nice little house with a big double room, shared lounge and big kichen shared with 2 others all for £45 pw each! I'd hate to be BTLing there....

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Nothing new round here, this was the case in Manchester way back as far as 1998. Over-supply doesn't mean that the best houses won't be snapped up early though ;)

The only people snapping up the best houses are those with the cash, or those with the A1 credit history and salary to service the debt required to pay the premium. ;)

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Rang one of our local EAs today ( North London) to get an idea of how they thought the housing market was panning out. The conversation went something like this:

It's most certainly a buyers market.

Seeing lots more repossessions.

Can easily make a offer of more than 10%.

Not looking at the market increasing by more than 3% this year.

Maybe they are desperate for the business. ;)

And why are they telling you all this?

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The only people snapping up the best houses are those with the cash, or those with the A1 credit history and salary to service the debt required to pay the premium. ;)

I was talking about student lettings! No need to rush out in jan. and sign up for your next year's accom. unless there was somewhere you desperately wanted

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Rang one of our local EAs today ( North London) to get an idea of how they thought the housing market was panning out. The conversation went something like this:

It's most certainly a buyers market.

Seeing lots more repossessions.

Can easily make a offer of more than 10%.

Not looking at the market increasing by more than 3% this year.

Maybe they are desperate for the business. ;)

Have a look on RM. Do a search with S-STC showing with the green icons in the pic, you'll see much is sold, if anything near the ask then for horrifically high (in my opinion) figures. So what's going on?

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