Monday, Apr 15, 2019

House prices are soaring

Telegraph: House prices are soaring because homeowners are 'bored of Brexit' and want to get on with their lives

The average asking price on a home jumped by nearly £3,500 in April - marking the biggest month-on-month uplift in over a year - according to Rightmove property website.

Posted by ed crash @ 03:40 PM (1296 views)
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1. landofconfusion said...

"The average asking price "

In my corner of the SE it's a mixed picture. For example, I had a look a two houses last week. One was modern, in really good condition, on a great street and open to offers. The other looked like an elderly woman had died there. The kitchen wasn't *too* bad but the rest of the house looked like something from the early 60's, quite possibly with the original leaded paint on the walls. Street was a bit questionable and the house was near the top of the hill, so no doubt great in winter. They wanted offers in excess of the former and above the average asking price for the area...

Is this the "spring bounce" EA's keep crowing about? Or is it that Robinson Jackson are getting desperate for sales and trying to list as much tat as possible in the hope that some will sell and keep them afloat?

Wednesday, April 17, 2019 01:52PM Report Comment

2. britishblue said...

Virtually all houses that are selling in the South West of London an Surrey are selling at 15% less than they were a year ago. This is based on experience, not speculation.

Wednesday, April 17, 2019 05:33PM Report Comment

3. tenyearstogetmymoneyback said...

The only price that means anything is the Land Registry sold price. Something I have noticed recently is the number of For Sale signs staying up for months, occasionally with a change in estate agents. A house that did sell recently is opposite my Mothers. Land Registry data shows it sold for £15K less than the asking price. Only 3.5% less but it still shows it is a buyer's market.

Monday, April 22, 2019 08:19AM Report Comment

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