Selling/buying in a rising market - strategy

[z4chris99]

prices are rising sharply monthly and your thinking about buying a bigger place.

property is a cycle, look at the charts, usually every 7/8 years, this one has been extended by the gov and boe propping it up for votes.

it a WILL crash at some point. my guess being end of 16, the biggest developer in London thinks end of 18

[RizzoTheRat]

If prices are rising that quickly then presumably if you already had a place lined up to buy you afford to sell your current place slightly cheaper than if you were expecting to have to rent for a bit while you house hunt, meaning you should be able to sell it very quickly.

However that doesn't get around the issue of you looking a riskier prospect to the vendor who might take less money from someone not in a chain.

Is it worth looking at bridging loans?

[Maxf]

z4chris99 said:

prices are rising sharply monthly and your thinking about buying a bigger place.

property is a cycle, look at the charts, usually every 7/8 years, this one has been extended by the gov and boe propping it up for votes.

it a WILL crash at some point. my guess being end of 16, the biggest developer in London thinks end of 18

I need to live somewhere though! I cant stay in my 1 bedroom flat hoping for a crash - I dont mind if proces drop if I'm honest - as long as I can afford the mortgage and have enough bedrooms that I dont have to move.

I understand property cycles - but the longer I leave it on an upswing, the bigger the drop when it does fall.