House Prices, again ....
30 November 2007, 03:21 PM
#92
Loads buying here both indirectly and directly, I know a licensed gangmaster who is buying houses then renting them back to people working for them. They can get a lot more than standard rent back for the house so the purchase price is not so important. Do you think the polish that are now earning £500+ a week are going to carry on renting or are they going to settledown here with a house. Its not "if" they will buy its "when" they will buy. Theres no chance they are going back to there country all the time they can earn lots of cash here!
Which = more demand for houses.....
If a house is priced right it will still sell here in the south east with in a week (I know of one that sold in 1 hour last week!)
Which = more demand for houses.....
If a house is priced right it will still sell here in the south east with in a week (I know of one that sold in 1 hour last week!)
Also, a house priced to sell will sell in any market, obviously. The overvalued dross will stick around, though.
30 November 2007, 04:30 PM
#94
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So if no-one is going to buy, and people have to live somewhere, does that mean demand to rent houses will increase? Pushing up rents as a result?
Cool! I'm off too buy some BTL property then. Oh, and a V8 something.
Cool! I'm off too buy some BTL property then. Oh, and a V8 something.
30 November 2007, 05:29 PM
#96
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I've had my eye on a particular £600k property since it was placed on the market in the Spring.
It's not shifted and the price has changed from OIEO, to OIRO, to POA
Anything but face facts and drop the bloody price!
The owners are elderly and want to realise their maximum gain, understandable, but if the market nosedives they will be dead before it returns to where they were greedy enough to place it in the first place!!
It's not shifted and the price has changed from OIEO, to OIRO, to POA
Anything but face facts and drop the bloody price! The owners are elderly and want to realise their maximum gain, understandable, but if the market nosedives they will be dead before it returns to where they were greedy enough to place it in the first place!!
01 December 2007, 11:05 PM
#97
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House near me - expensive area valued by one agent at 625 and another at 575.
Owner think first agent's value is ridiculous and just done to get the house so on it goes at 575.
Two months later dropped to 525.
Two months later just been sold for 450.
Plenty taking a 10% and more cut to move now.
Owner think first agent's value is ridiculous and just done to get the house so on it goes at 575.
Two months later dropped to 525.
Two months later just been sold for 450.
Plenty taking a 10% and more cut to move now.
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