Friday, July 13, 2018
Stalemate or Crash?
Properties taking longer to sell in sluggish market, says RICS
Properties in the UK are taking longer to sell than a year ago owing to the "uninspiring" housing market, according to surveyors. Last spring it typically took 16 weeks between a home being listed and being sold, the Royal Institution of Chartered Surveyors (RICS) said.
Posted by peter_2008 @ 06:27 PM (1729 views)
2 thoughts on “Stalemate or Crash?”
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mombers says:
Someone in our block just put their’s on the market for an unrealistic price because they’re ‘not in a hurry’. This might has long been a strategy, in fact one that Foxton’s owes its fame/notoriety to. In a declining market it falls on its arse though. When we come to sell, hopefully we’ll be able to resist the urge to speculate and just take the market price. I imagine that an overpriced home is more vulnerable to sales falling through due to mortgage rejection, being in a chain, etc.
tenyearstogetmymoneyback says:
peter_2008 wrote “Stalemate or Crash?”
As I have said before, neither. IMHO ar more likely than a crash is a Glacial Unstoppable slide.
The last one lasted from about 1988 to 1997 (when Labour won the election)..