In reply to Post #45
Let's see if the sold houses complete when buyers try get there mortgages approved.
Lenders are really tightening up on how much deposit is required and people's employment status.
Very uncharted at the moment.
Let's see if the sold houses complete when buyers try get there mortgages approved.
Lenders are really tightening up on how much deposit is required and people's employment status.
Very uncharted at the moment.
Mine finally went through last week , it all depends where you live and price bracket your house falls into , definately not a sellers market in west lancs !!! Banks are pulling mortgage offers as people continue to lose jobs , the next lockdown will see the housing market crumble .
Scotland houses are being bought up very quickly. My boss went to house hunt last week. 18 house viewings, all SSTC the day before the viewings!! All for 40+k over asking. Turned in to silent auctions pretty much with a deadline for offers.
Estate agents told her many are relocating from the Home Counties, getting more for their money now they've figured out they can work from home 90% of the time.
Estate agents told her many are relocating from the Home Counties, getting more for their money now they've figured out they can work from home 90% of the time.
I bought / sold in November 2018 and my new house is now £75k more than then After spending 20k.........as already mentioned it's the mortgages being offered going through that's the problem! I'm hearing it will be 25% deposit minimum for future mortgages...... 
In reply to Post #49
Absolutely no chance of that happening except for a very very few lenders.
Absolutely no chance of that happening except for a very very few lenders.
In reply to Post #48
Thats true we bought our new house in scotland may 2019 had it valued 2 weeks ago £40,000 more than what we paid . Swings and roundabouts.
Thats true we bought our new house in scotland may 2019 had it valued 2 weeks ago £40,000 more than what we paid . Swings and roundabouts.
House prices around me Lowestoft, Suffolk seem to be at the all time high at the moment.
House next door too me sold within 3 days for 10k over the asking fee.
House next door too me sold within 3 days for 10k over the asking fee.
In reply to Post #52
Well, in times of the COVID-19 pandemic lockdown, the property costs raised in the high value. I'm not familiar with the reasons, but the fact is, the property cost before the COVID-19 pandemic was lower by 20% by official statistics in my region. Hopefully, I made a good mortgage contract before the pandemic happened. Big thanks to the Mortgage Advice London service that helped me deal with banks and property owners and make good mortgage conditions for me.
Well, in times of the COVID-19 pandemic lockdown, the property costs raised in the high value. I'm not familiar with the reasons, but the fact is, the property cost before the COVID-19 pandemic was lower by 20% by official statistics in my region. Hopefully, I made a good mortgage contract before the pandemic happened. Big thanks to the Mortgage Advice London service that helped me deal with banks and property owners and make good mortgage conditions for me.
In reply to Post #1
I don't follow house prices. Did this prediction come true?
I don't follow house prices. Did this prediction come true?
Someone I've known for 40 yrs has sold up ,and moved to Aberdeen, Scotland..bought a field ,lives in a caravan ,mind you horses are their lives,so...over 150 years of history went with them ,several generations of builders and farming experience, all that remains is the families headstones..
The reason they have moved is in my mates words..
Welcome to Theme Park Kernow...make of that what you can ..
The reason they have moved is in my mates words..
Welcome to Theme Park Kernow...make of that what you can ..
In reply to Post #54
I bought a house in February 2021 and it's worth £50k more than what I paid (identical house opposite sold a couple of weeks back).
The house I bought in 2018 that I now rent out, we had it valued to go through for a BTL mortgage and they valued it at £120k more than I bought it for. West Sussex prices are ridiculous!
I bought a house in February 2021 and it's worth £50k more than what I paid (identical house opposite sold a couple of weeks back).
The house I bought in 2018 that I now rent out, we had it valued to go through for a BTL mortgage and they valued it at £120k more than I bought it for. West Sussex prices are ridiculous!
I know of one that certainly crashed..... 
In reply to Post #57
Yes but that wasn't anything to do with market forces.
So it seems the original prediction was way off which brings me to the conclusion.
Whatever the subject matter don't listen to the 'experts' on this forum
Yes but that wasn't anything to do with market forces.
So it seems the original prediction was way off which brings me to the conclusion.
Whatever the subject matter don't listen to the 'experts' on this forum
In reply to Post #58
Stamp duty holiday was the main driving factor which skews the forecasts imo
Stamp duty holiday was the main driving factor which skews the forecasts imo
In reply to Post #58