Anyone trying to sell a property in London?

(10 Posts)
gardenangels Thu 10-Nov-16 19:53:27

Any experience of the market at the moment?

phoria Thu 10-Nov-16 20:02:03

From a buyer's POV things are still selling, it just might take a few weeks but as long as they're realistically priced. Although I was looking at the cheaper end of the scale.

elfofftheshelf Fri 11-Nov-16 07:43:24

People are buying, just taking a lot longer and are expecting to pay a lot less than asking. The lower end of the market is still moving, but the mid point (£700k+) is very slow to move.

YelloDraw Fri 11-Nov-16 11:15:27

I'm still getting RM alerts for my chosen search area (even tho i'm in new place now!) The £500-£600 East London band is still moving, anything nice and realistically priced is gone asap. All the shit holes priced at a premium are not shifting. Asking prices are not increasing tho. Anyone who has priced in a 20% increase since the last transaction in the block/road 3 months ago doesn't seem to be selling.

SexNamesRFab Fri 11-Nov-16 12:47:19

I'm not selling but am stalking a few houses that are on for around 700k in SE London. They are not moving, which is leading me to think the are seriously overpriced. I had an EA round to value our house, who told me things have really slowed down and prices are down to what they were at the beginning of the year.

Me2go Fri 11-Nov-16 22:28:06

I've been casually looking at the market for £1-1.5 mio for for a while around N1, WC1, EC1 and most properties have been on there for months. £1000/sqr foot seems to be the pain threshold here and I see more and more reductions. A couple of my friends are taking their properties off the market now to relist in the new year...not sure if that's a good idea.

eurochick Fri 11-Nov-16 22:33:42

I'm looking around the borders of London and Kent/Surrey. Nothing seems to be shifting in the £1m ish market. The same houses have been on zoopla for months.

irie Sat 12-Nov-16 07:43:42

SE London still selling like crazy from bottom of market to 700k... don't know if the pricier ones are slowing down (don't bother looking!)

SunnyUpNorth Sat 12-Nov-16 08:47:29

My friend has been trying to buy around east London for the last year looking at houses around £750-850k. Every single house they have gone to see has had open days with back to back viewing slots, loads of offers on the first day and then gone to sealed bids. She said the competition is rife, loads of people not in chains, large cash deposits, mortgages arranged etc. So it is definitely still ok in parts!

TeddyBee Sat 12-Nov-16 13:31:48

I've been keeping a weather eye on 4 beds in East London, £600k to £800k. Nice ones are going really quickly, although I've seen a few where sales have clearly fallen through. The scummy ones or the 'refurbished' ones (ie hundreds of spotlights, beige paint everywhere and bland bathrooms) seem to be hanging round a bit though.

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