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The Ayatollah Buggeri

Neighbour Getting Cold Feet

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I rent a flat in a small block. One of my neighbours (who is a self-employed consultant of some description) claims to own several properties around the country, but continues to rent one in this block because of its convenient location. Over a quick chat a couple of weeks ago I mentioned that I had saved up a pretty reasonable deposit and would like a slightly bigger flat, but wasn't thinking of moving just yet. I didn't say that the reason why was the HPC - given that he appears to be a 'my property is my pension' type, I thought that this would probably be a touchy subject.

Anyhow, yesterday he told me that he was about to sell one of his flats (in the same city), said that he thought it would be 'perfect' for me, and wondered if we might 'do a private deal'. I politely replied that I wasn't interested, because a possible job move overseas next year (which is actually true) meant that I wanted to remain flexible. I also added that 'it doesn't seem very sensible to me to buy in a falling market, even if York does seem to be holding up.' He instantly, and somewhat indignantly, replied that his reason for selling was to finance the purchase of somewhere else ... but I can't help thinking that he doth protest too much!

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  • 396 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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