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Property market right now

(11 Posts)
Foxbiscuitselection Thu 06-Nov-14 22:51:29

Thinking of putting my house on the market before Easter. An estate agent said the market is good here at the moment. To be honest though, I've hardly seen any movement really. So here's my question - what's the market like in your area?

bilbodog Fri 07-Nov-14 13:34:39

I'm in Buckinghamshire and work in Estate Agency. My personal advice would be to start marketing your property in January/February. General word on the street seems to be that there will be a flurry of activity early in the new year with people trying to sell and move before the election just in case there is a government change and new rules come into play and interest rates possibly go up. In any case, Spring is usually the busiest time of year to sell. Good Luck!

Foxbiscuitselection Fri 07-Nov-14 13:50:14

Thankyou. We will put the house in jan/feb. I don't think I'll be ready before then

HaveToWearHeels Fri 07-Nov-14 14:30:24

South East, property in the mid range (ie 3/4 bed semi) and lower end still moving pretty quick. Higher end a bit slower.

Loveleopardprint Fri 07-Nov-14 14:38:55

In Devon. Been on the market since April. No joy and hardly any viewings. Everything seems to be stuck here!
Good luck though!wink

Ohanarama Fri 07-Nov-14 14:43:29

East Anglia and properties were flying off the shelves until about August. Now things v v slow buy if the right buyer is there you'll sell your property any month of the year.

Imperialleather2 Fri 07-Nov-14 14:47:38

In Surrey here and things have definitely slowed, there have been quite a few price reductions and things coming back on the market after being under offer for a couple of months.

It's hard to judge the price reductions as it was getting to the point where any price was being put on to see if any one would pay it and I think they may have pushed things a but too far.

From everyone I've spoken to the issue is getting a mortgage under the new rules is v v v hard even with loads of equity.

RaphaellaTheSpanishWaterDog Fri 07-Nov-14 16:54:14

We're in rural S.Wilts and property has been moving pretty slowly here - unless right at the bottom end or very top (a £4m house went SSTC within a couple of weeks in a nearby village) - so we were prepared for the long haul when we put our house on at the end of August, especially when a neighbour warned that unless really special, houses can take upwards of twelve months to sell.....

Having stupidly already found our onward purchase we priced realistically and after only a handful of viewings and just over a month on the market, accepted an AP offer!

In fact in our village five of the seven houses for sale have had offers accepted within the past two months, although I think we timed it just right (went under offer first week in Oct) as from mid-Oct things started tailing off.....

Just keeping everything crossed that nothing goes wrong between now and exchange!

Chapeausalesman Sat 08-Nov-14 17:02:24

Things very slow in Greater London/Surrey. We've been on the market since mid August with just one offer, and that was considerably below asking price. And we probably would have accepted it to be honest, but they had something to sell and weren't under offer. From speaking to the various local EAs when we've been viewing houses, that seems to be the case all around here. The market has slowed right down, people just aren't putting offers in. Prices being reduced all over the place. We reduced ours a little bit last month, and now the agent is suggesting we reduce again, but I'm worried we still won't get any offers, just a load more viewings. I've never experienced this before, the last 3 properties I bought/sold (in 2002, 2006 and 2007 if that's relevant) were all under offer within a week. Hating the whole experience now sad

Foxbiscuitselection Sat 08-Nov-14 20:33:41

Thanks

QuintsBombWithAWiew Sat 08-Nov-14 20:38:05

Slow in south west London. Prices seemed insane and overly optimistic, and some hproperties are now advertised at 5% lower than last month. (From 1.4 to 1.3 million, and from 1,2 million to offers above one million, from £814k to £769 k - I think people are not keen to put their houses on the market so close to Christmas.)

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