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[PhilRich]

We've just put our house back on the market after taking it off when I became ill nearly 3 years ago ( doesn't time fly!)
Since then it's market value has dropped £25k 
It is a modest 3 bed pre-war semi with a conservatory & loft conversion in a decent part of town but by no means 'upmarket'. It was £175k, now £149,950 and likely to be forced down even further before we get a buyer!
How are you guys & gals faring in your part of the world?  :-?

[millwall]

doing very well  in se london my house is now worth 15k more than 6 months ago

[Mr Skrunts]

People are still wanting the same money as the prices were 2 years ago and nothing is shifting.

Feel sorry for 1st time buyers as the there is nothing cheap any more.

The other problem is for people renting, rental prices have shot up.

[aaronjb]

Not much shifting down around me, either - my neighbours put theirs on for £335k (possibly a little optimistic but it's a 4 bed detached with garage and 100' garden) and had zero interest.

Put it up for rent at £1200 a month and it was rented out within days..

[albitz]

Fell off the property ladder just before the boom. Can never get back on it.

[Vamps]

Looks like we are holding our own, but as I have no intention of selling I can still only make money in the long term.....

http://www.mypropertyspy.co.uk/house-prices/dl179bb/1

[Banjax]

People are still wanting the same money as the prices were 2 years ago and nothing is shifting.

Feel sorry for 1st time buyers as the there is nothing cheap any more.

The other problem is for people renting, rental prices have shot up.

usually takes a few months for reality to kick in for sellers and prices come down 

speaking to an estate agent and she was saying sellers are still being unrealistic 

[Kevin Wood]

Not much shifting down around me, either - my neighbours put theirs on for £335k (possibly a little optimistic but it's a 4 bed detached with garage and 100' garden) and had zero interest.

Put it up for rent at £1200 a month and it was rented out within days..

 

It amazes me that people are prepared to kiss goodbye to that much cash just for a roof over their head. Fair enough if it's going to pay off your mortgage, but when it's paying off someone else's...

Kevin

[Lazydocker]

Fortunately prices around me are getting close to what they were 3 years ago... Not that I have any intention of selling

[feeutfo]

Not much shifting down around me, either - my neighbours put theirs on for £335k (possibly a little optimistic but it's a 4 bed detached with garage and 100' garden) and had zero interest.

Put it up for rent at £1200 a month and it was rented out within days..

 

It amazes me that people are prepared to kiss goodbye to that much cash just for a roof over their head. Fair enough if it's going to pay off your mortgage, but when it's paying off someone else's...

Kevin

Imigrants under pin rental prices. Can't get a mortgage mostly, along with many others. Plus there are a good many that don't want a mortgage, out of some paranoia or other more legitimate reasons.

[albitz]

Not much shifting down around me, either - my neighbours put theirs on for £335k (possibly a little optimistic but it's a 4 bed detached with garage and 100' garden) and had zero interest.

Put it up for rent at £1200 a month and it was rented out within days..

 

It amazes me that people are prepared to kiss goodbye to that much cash just for a roof over their head. Fair enough if it's going to pay off your mortgage, but when it's paying off someone else's...

Kevin

Imigrants under pin rental prices. Can't get a mortgage mostly, along with many others. Plus there are a good many that don't want a mortgage, out of some paranoia or other more legitimate reasons.

Have also played a significant part in the general housing boom in the last decade. Simple supply and demand. If there are far more people looking for homes than there are homes available, then prices will (and did) go up.
Who gains from the inflated house prices apart from estate agents, who take their fees when they sell them ?
If your house is now worth ten times what you paid for it, its just a notional figure, unless you go and live in a tent in the middle of a field somewhere. :-?

[feeutfo]

Plus beware valuations by Estate agents they talk utter shite 200% of the time to achieve their own ends. They will happily wipe 30k off your asking price to make a sale before Xmas or during a quiet period,  knowing full well the market is always quiet this time of year, and will pick up steadily until summer holidays iirc.

It's always the same, activity rises  in summer, drops in winter. Anything else is BS. Media fall for it, papers fall for it. Seasonal, very seasonal. IMO.

There are year on year and average variations of course, but now is not the time to sell. Sit tight if you can, until March at the earliest. Allow 3 months ish for a sale to go through so if it's not sold August Sept the market drops off because everyone wants to be in by Xmas/winter.

Ime anyway.

 

[feeutfo]

Take your pick.
http://www.google.co.uk/search?q=seasonal+housing+market&ie=UTF-8&oe=UTF-8&hl=en&client=safari

Hopefully not teaching egg sucking here.

[feeutfo]

Not much shifting down around me, either - my neighbours put theirs on for £335k (possibly a little optimistic but it's a 4 bed detached with garage and 100' garden) and had zero interest.

Put it up for rent at £1200 a month and it was rented out within days..

 

It amazes me that people are prepared to kiss goodbye to that much cash just for a roof over their head. Fair enough if it's going to pay off your mortgage, but when it's paying off someone else's...

Kevin

Imigrants under pin rental prices. Can't get a mortgage mostly, along with many others. Plus there are a good many that don't want a mortgage, out of some paranoia or other more legitimate reasons.

Have also played a significant part in the general housing boom in the last decade. Simple supply and demand. If there are far more people looking for homes than there are homes available, then prices will (and did) go up.
Who gains from the inflated house prices apart from estate agents, who take their fees when they sell them ?
If your house is now worth ten times what you paid for it, its just a notional figure, unless you go and live in a tent in the middle of a field somewhere. :-?

Hence the increase in the number of Landlords, not helped by the collapse in pensions. Re mortgage your own, buy another or 2, or however many fit, then sell when you retire, there's your pension or lump sum to pay your own mortgage off or whatever you want to do.

For a while, and possibly still is, the only real long term form of investment from what I gather.  :-?

[albitz]

Stock market can be a good medium/ long term investment, but its not for the faint hearted.