Gone very quiet
Discussion
Top end of property market around here doing well. I've watched a few (pricey) houses come and go quite quickly... I guess though at the upper end buyers are less affected by a couple of grand extra a month on outgoings than say a typical couple in the low-mid market who possibly can't afford £1k+ extra a month.
singlecoil said:
Dr Interceptor said:
Not sure if its just our area (Farnborough, Hants), ...
Well done, people on this thread usual comment on what's happening in their area without mentioning where that is, and no clues in their profile 
"It's 90 degrees and snowing, here!".
I don’t understand the property market in the UK.
I’m moving back after 15 years in France to the same leafy Cheshire village I lived for 40 years.
Houses are selling like hotcakes with very few falling through and these are mostly in the 400-500 thousand bracket.
From what is being posted on here it seems to be a regional problem/advantage.
I’m moving back after 15 years in France to the same leafy Cheshire village I lived for 40 years.
Houses are selling like hotcakes with very few falling through and these are mostly in the 400-500 thousand bracket.
From what is being posted on here it seems to be a regional problem/advantage.
smifffymoto said:
I don’t understand the property market in the UK.
I’m moving back after 15 years in France to the same leafy Cheshire village I lived for 40 years.
Houses are selling like hotcakes with very few falling through and these are mostly in the 400-500 thousand bracket.
From what is being posted on here it seems to be a regional problem/advantage.
What do you mean?I’m moving back after 15 years in France to the same leafy Cheshire village I lived for 40 years.
Houses are selling like hotcakes with very few falling through and these are mostly in the 400-500 thousand bracket.
From what is being posted on here it seems to be a regional problem/advantage.
The property market is a bit slow, but stuff that’s good will always sell. I’m looking at houses and good things still moving well in London market I’m interested in.
smifffymoto said:
I don’t understand the property market in the UK.
I’m moving back after 15 years in France to the same leafy Cheshire village I lived for 40 years.
Houses are selling like hotcakes with very few falling through and these are mostly in the 400-500 thousand bracket.
From what is being posted on here it seems to be a regional problem/advantage.
I’m in a Cheshire village and things have slowed right down in that price bracket. Although there is some ambitious pricing going on, for some reason our village has never supported high values.I’m moving back after 15 years in France to the same leafy Cheshire village I lived for 40 years.
Houses are selling like hotcakes with very few falling through and these are mostly in the 400-500 thousand bracket.
From what is being posted on here it seems to be a regional problem/advantage.
Sheepshanks said:
smifffymoto said:
I don’t understand the property market in the UK.
I’m moving back after 15 years in France to the same leafy Cheshire village I lived for 40 years.
Houses are selling like hotcakes with very few falling through and these are mostly in the 400-500 thousand bracket.
From what is being posted on here it seems to be a regional problem/advantage.
I’m in a Cheshire village and things have slowed right down in that price bracket. Although there is some ambitious pricing going on, for some reason our village has never supported high values.I’m moving back after 15 years in France to the same leafy Cheshire village I lived for 40 years.
Houses are selling like hotcakes with very few falling through and these are mostly in the 400-500 thousand bracket.
From what is being posted on here it seems to be a regional problem/advantage.
Hence why there's huge variance in prices in even closely linked parts of a citty like London.
Of course. Always the way.
I’m noticing very little supply of houses in what I’m looking at. Suspect they’re waiting for some positive market sentiment/better weather before listing.
A one bed flat sold in 2 days in my road this last week or so with an asking of £530k which was surprising, a record for the road for a one bedder.
I’m noticing very little supply of houses in what I’m looking at. Suspect they’re waiting for some positive market sentiment/better weather before listing.
A one bed flat sold in 2 days in my road this last week or so with an asking of £530k which was surprising, a record for the road for a one bedder.
My observation is that it’s gone from blind £/sq.m type basis, where an old crap house is selling similar to a top end finished one… to the opposite end of the spectrum with tight consideration on every factor… which ultimately means sellers not having their expectations met on price based on stuff they don’t think matters, and buyers suddenly being unhappy due to a planning permission nearby that comes up on searches or whatever other random factor matters to them.
High discrimination and worry over ‘value’
A happy medium works best I’d say.
So what we see is broadly doldrums where either a seller or buyer is being picky.
In Pateley Bridge near Harrogate, it’s either hot or doldrums. 3yr hot, then 7-10yrs doldrums.
It seems to be back into doldrums after the 3yr frenzy.
Good stuff sells but not everything is good. And as many people buying here likely find, it’s a nice place but it is ultimately a bit Royston Vasey like many places like this probably are.
High discrimination and worry over ‘value’
A happy medium works best I’d say.
So what we see is broadly doldrums where either a seller or buyer is being picky.
In Pateley Bridge near Harrogate, it’s either hot or doldrums. 3yr hot, then 7-10yrs doldrums.
It seems to be back into doldrums after the 3yr frenzy.
Good stuff sells but not everything is good. And as many people buying here likely find, it’s a nice place but it is ultimately a bit Royston Vasey like many places like this probably are.
RayDonovan is really gong to s
t a bric, but here goes, because I think SDLT is responsible for far more of the general economic malaise than people realise or give it credit for. One of the most economically consumptive events a person or couple engages in is moving house. Huge amounts of spending are associated - legals, removals, furniture, decoration, building and renovation etc. etc. - and none of this happens with people who stay put.
SDLT is firstly a disincentive to move.
Secondly, it creates a huge degree of wierdness in property pricing for many areas. It creates artificial thresholds and gateways, which tend to cause 'congestion' and stagnation. I think this is, in no small part, why at certain pricingh points, people are so picky.
We can build all the capacity we like, but if the market is illiquid because of SDLT it still will not function nicely. Nor will the workforce be anywhere near as adaptable, mobile and efficient as they might be.
t a bric, but here goes, because I think SDLT is responsible for far more of the general economic malaise than people realise or give it credit for. One of the most economically consumptive events a person or couple engages in is moving house. Huge amounts of spending are associated - legals, removals, furniture, decoration, building and renovation etc. etc. - and none of this happens with people who stay put.SDLT is firstly a disincentive to move.
Secondly, it creates a huge degree of wierdness in property pricing for many areas. It creates artificial thresholds and gateways, which tend to cause 'congestion' and stagnation. I think this is, in no small part, why at certain pricingh points, people are so picky.
We can build all the capacity we like, but if the market is illiquid because of SDLT it still will not function nicely. Nor will the workforce be anywhere near as adaptable, mobile and efficient as they might be.
Digga said:
RayDonovan is really gong to st a bric, but here goes, because I think SDLT is responsible for far more of the general economic malaise than people realise or give it credit for. One of the most economically consumptive events a person or couple engages in is moving house. Huge amounts of spending are associated - legals, removals, furniture, decoration, building and renovation etc. etc. - and none of this happens with people who stay put.
SDLT is firstly a disincentive to move.
Secondly, it creates a huge degree of wierdness in property pricing for many areas. It creates artificial thresholds and gateways, which tend to cause 'congestion' and stagnation. I think this is, in no small part, why at certain pricingh points, people are so picky.
We can build all the capacity we like, but if the market is illiquid because of SDLT it still will not function nicely. Nor will the workforce be anywhere near as adaptable, mobile and efficient as they might be.
How do you get rid of it without people losing their minds and bidding up every st a bric, but here goes, because I think SDLT is responsible for far more of the general economic malaise than people realise or give it credit for. One of the most economically consumptive events a person or couple engages in is moving house. Huge amounts of spending are associated - legals, removals, furniture, decoration, building and renovation etc. etc. - and none of this happens with people who stay put.SDLT is firstly a disincentive to move.
Secondly, it creates a huge degree of wierdness in property pricing for many areas. It creates artificial thresholds and gateways, which tend to cause 'congestion' and stagnation. I think this is, in no small part, why at certain pricingh points, people are so picky.
We can build all the capacity we like, but if the market is illiquid because of SDLT it still will not function nicely. Nor will the workforce be anywhere near as adaptable, mobile and efficient as they might be.
theap going like during COVID? It can't be phased out because why would you move now when next year you'll save £xxxx.I think it’s a problem for the SE market, London specifically as there’s now very few starter homes because people extend the hell out of a 3 bed terrace so it becomes too great of a leap in affordability from a flat.
I don’t think at a national level it causes much issue these days does it? It’s pretty generous with FTB paying nothing up to £425k and then only 5% on anything up to £925k - which surely covers the majority of sales. It’s a tax on the wealthy (as perceived by the voters) and it won’t be going anywhere I expect apart from maybe a little shifter in the lower range.
It’s a complete nightmare for those of us spending more.
I don’t think at a national level it causes much issue these days does it? It’s pretty generous with FTB paying nothing up to £425k and then only 5% on anything up to £925k - which surely covers the majority of sales. It’s a tax on the wealthy (as perceived by the voters) and it won’t be going anywhere I expect apart from maybe a little shifter in the lower range.
It’s a complete nightmare for those of us spending more.
okgo said:
I think it’s a problem for the SE market, London specifically as there’s now very few starter homes because people extend the hell out of a 3 bed terrace so it becomes too great of a leap in affordability from a flat.
I don’t think at a national level it causes much issue these days does it? It’s pretty generous with FTB paying nothing up to £425k and then only 5% on anything up to £925k - which surely covers the majority of sales. It’s a tax on the wealthy (as perceived by the voters) and it won’t be going anywhere I expect apart from maybe a little shifter in the lower range.
It’s a complete nightmare for those of us spending more.
quite frankly it shouldn't even exist. I don’t think at a national level it causes much issue these days does it? It’s pretty generous with FTB paying nothing up to £425k and then only 5% on anything up to £925k - which surely covers the majority of sales. It’s a tax on the wealthy (as perceived by the voters) and it won’t be going anywhere I expect apart from maybe a little shifter in the lower range.
It’s a complete nightmare for those of us spending more.
Tim Cognito said:
Digga said:
RayDonovan is really gong to st a bric, but here goes, because I think SDLT is responsible for far more of the general economic malaise than people realise or give it credit for. One of the most economically consumptive events a person or couple engages in is moving house. Huge amounts of spending are associated - legals, removals, furniture, decoration, building and renovation etc. etc. - and none of this happens with people who stay put.
SDLT is firstly a disincentive to move.
Secondly, it creates a huge degree of wierdness in property pricing for many areas. It creates artificial thresholds and gateways, which tend to cause 'congestion' and stagnation. I think this is, in no small part, why at certain pricingh points, people are so picky.
We can build all the capacity we like, but if the market is illiquid because of SDLT it still will not function nicely. Nor will the workforce be anywhere near as adaptable, mobile and efficient as they might be.
How do you get rid of it without people losing their minds and bidding up every st a bric, but here goes, because I think SDLT is responsible for far more of the general economic malaise than people realise or give it credit for. One of the most economically consumptive events a person or couple engages in is moving house. Huge amounts of spending are associated - legals, removals, furniture, decoration, building and renovation etc. etc. - and none of this happens with people who stay put.SDLT is firstly a disincentive to move.
Secondly, it creates a huge degree of wierdness in property pricing for many areas. It creates artificial thresholds and gateways, which tend to cause 'congestion' and stagnation. I think this is, in no small part, why at certain pricingh points, people are so picky.
We can build all the capacity we like, but if the market is illiquid because of SDLT it still will not function nicely. Nor will the workforce be anywhere near as adaptable, mobile and efficient as they might be.
theap going like during COVID? It can't be phased out because why would you move now when next year you'll save £xxxx.Or if you like doing stuff fast, apply it only to primary residences to remove those using it to profit from the changes.
Then also consider that people will only bid it up with money if they think prices will go up, or they can be lent it.
I feel the market right now is a good time to make this change as it’ll stimulate it but the lending criteria and risk appetite, and high (relative) yield of savings will stop a repeat of 2021.
DSLiverpool said:
Amazon client is 100% up with an AOV of £11 and sales hitting £180k / month in Feb !
They sell household and light DIY but don’t actually stock anything.
Maybe not specialising is the answer?
What about profit? Easy to get good sales by keeping prices down but that's not profitable. They sell household and light DIY but don’t actually stock anything.
Maybe not specialising is the answer?
DSLiverpool said:
Amazon client is 100% up with an AOV of £11 and sales hitting £180k / month in Feb !
They sell household and light DIY but don’t actually stock anything.
Maybe not specialising is the answer?
How much business acumen and skill is involved in this would you say? Or are they just importing a load of EANs from their dropshippers into some pricing software and setting it to the "pile em high and sell em cheap" mode?They sell household and light DIY but don’t actually stock anything.
Maybe not specialising is the answer?
singlecoil said:
DSLiverpool said:
Amazon client is 100% up with an AOV of £11 and sales hitting £180k / month in Feb !
They sell household and light DIY but don’t actually stock anything.
Maybe not specialising is the answer?
What about profit? Easy to get good sales by keeping prices down but that's not profitable. They sell household and light DIY but don’t actually stock anything.
Maybe not specialising is the answer?
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