House prices on the up again?

[phillvr6]

I'm currently in the process of finding a new gaff. In the past week or so properties which have been sat on the market for the past few months seem to be getting snapped up for the asking price.

Is it just that time of year or are some people predicting the bottom of the market?

Personally I suspect its a blip and won't last. Bloody irritating though as I refuse to be drawn in to a bidding war.

[illmonkey]

Halifax reported house prices up 1.6% (or was it 1.9%) in Jan

[Fittster]

Do we really need another thread on this topic?

[Hoppy2008]

Fittster said:

Do we really need another thread on this topic?

NO

[Erich Stahler]

Yes we do need another thread on this subject to get buyers panacing and get the market moving!

[Pork]

Fittster said:

Do we really need another thread on this topic?

Apparently so.

[Dr KT]

Boom times! All onboard the property express, credit cards at the ready...

[phillvr6]

Various people said:

Do we really need another thread on this topic?

Probably not, but given the content of the thread is fairly obvious given the title, why even open it?

[SS HSV]

Dr KT said:

Boom times! All onboard the property express, credit cards at the ready...

Here we go again

Everyone will buy when the prices are low and interest is low but I can see a big repeat in the future only worse due to the massive borrowing that will occur.

[J-Skid]

Well, there may be something in this.

From my un-trained eye there have been a lot of SOLD boards go up in the past few weeks and the clatter of removal vans in the streets once again. I wouldn't say that prices are on the up, but the market is definitely starting to move a little again, no doubt helped by people asking more realisitic prices and the fact that mortgages have become a lot cheaper.

But I'm sure Noel or someone will come along and say that prices will fall to 1997 levels in a minute......

[MaxAndRuby]

Friend of mine had 15 properties for sale from January to December last year without a single enquiry. Sold every single one in January, 7 of them above the asking price.

Edited by MaxAndRuby on Thursday 12th February 15:57

[Romanymagic]

I've certainly noticed more sales boards up, with quite a few sold signs going on, so clearly something is happening in the market place as 6 months ago you couldn't spot an Estate Agent's sale board sign for miles.

[Fittster]

haworthlloyd1 said:

I would have thought that rates will only stay low in a deflationary/disinflationary period when house prices etc are falling

Isn't inflation still above target?

[jackal]

phillvr6 said:

I'm currently in the process of finding a new gaff. In the past week or so properties which have been sat on the market for the past few months seem to be getting snapped up for the asking price.

Is it just that time of year or are some people predicting the bottom of the market?

Personally I suspect its a blip and won't last. Bloody irritating though as I refuse to be drawn in to a bidding war.

house prices in USA are still going down

so id give it a few more decades yet

[sone]

Fittster said:

haworthlloyd1 said:

I would have thought that rates will only stay low in a deflationary/disinflationary period when house prices etc are falling

Isn't inflation still above target?

I think he's refering to interest rates. Although you are right inflation is still up.

[digger_R]

this is car crash tv

[liner33]

Savings are doing nothing so a lot of people are buying a bigger house or splashing out on cars etc

[sone]

liner33 said:

Savings are doing nothing so a lot of people are buying a bigger house or splashing out on cars etc

That will do for me, just convince the Mrs and down the Lambo dealers in the morning. Top Man

[caterhamboy]

Been to the auction today and plenty of people there, some of the houses were sold for more than i would have expected by at least 10%. Don't know what that tells you but most houses sold for guide or more.

[selmahoos]

caterhamboy said:

Been to the auction today and plenty of people there, some of the houses were sold for more than i would have expected by at least 10%. Don't know what that tells you but most houses sold for guide or more.

Exactly the same as my experience in Glasgow a week ago. Whereabouts are you/was the auction?