Few viewings and no offers - it's the time of year, right?

[Amethyst24]

DP's flat has been on the market for a few weeks now with barely a sniff. It's a 1-bed in zone 3, in pretty good condition although it's been tenanted for a few years (tenants have now moved out). Was originally priced at offers over £250K but dropped now to £249.950. Seems on a par with others on the market in the area - competitive if anything.

So am I right in thinking that the market is just really slow at this time of year? We're considering giving the agents a week's notice in the hope that they'll make a massive effort in that time, then taking it off the market until the new year and getting valuations from other agents now we're not facing the issue of the stamp duty threshold.

Also wondered whether putting in a new kitchen might help (it's the only thing in the flat that is really dated). But then people would potentially be viewing it when there's work being done and it's a mess, and if the new kitchen wasn't to their taste it might put them off...

Any words of wisdom?

Yes, Russia today - IRs up by 6.5% in one swoop to protect the currency. I genuinely don't understand how anyone can genuinely believe that governments can control markets. Not do I understand twoopsie's points about QE - you know that the point of QE is to get banks to lend - primarily to businesses - thereby stimulating the economy. One lending report out now for the last six months shows net lending as zero. So it hasn't worked. Also when you say 'indefinitely' you know that the artificially created Money has to be destroyed again at the end of QE? If it was genuinely the free printing of money without consequence it would be much more popular...

It is always naive to think the status quo can be maintained indefinitely. I can only think those who believe that have limited experience of being burned.

Bowlers arm, if you read the "when will property crash be obvious" on the board you will see that I give JUly 2015 as the crash in real time.
What on earth do you think last months property price falls were ? Not to mention previous drops.

All the coming drops will probably be on a large scale as the prices have left the reality zone.
Why cannot you see the trend , it's what happens with a crash in property prices, they start out small and then if they continue for months get larger .
It causes partial loss of confidence by buyers, after a couple of months like last month, confidence will be stripped from the buyers to a larger degree.
Then it gets into serious mode,stories of misery to be told, lessons not heeded . History repeats itself people never learn, greed is not good for the soul

I agree there is much more drama on the Fara and ball paint threads.What color should I paint the lavvy. Do I wipe it clean on use twenty pound notes to paper the mother?

Thanks, Ron. I have you down as July 2015. The bets are on . What are everyone else's predicted crash time? It does follow that there will be a downturn in 2015 as the whole system tends to go in 7 year cycles and as the last one was 2007/8 that would make perfect sense. But we are talking about a crash rather than a downturn, right?

And I don't count the recent cooling off on london prices as a crash. That was predictable following huge monthly price increases each month. Unsustainable, and the London market needing to see realism. Lucky for the people who cashed in on selling in the short time frame, but that's all.

And as I said upthread, we sold a flat in Mitcham this month for more than we thought it was worth so it's hard to see a softening market when you have first hand experience that it isn't.

Since may prices have fallen , last month the fall became much larger .

You are trying to talk about light switches, a crash starts out with falls that get larger with loss of confidence. They don't happen spontaneously.

Look at all of the picture, wages , job security, economy on the brink of deflation. Looming election with all the cuts and taxes to come. Then look at the real possibility of the economy going into reverse tail end 2015 and you will see the .......
I see but then I am the SEER

Yep you're the SEER, of course you are.

The falls in the London market since the spring merely reflect the fact that some of the lunacy of Spring 2014 has abated. Fewer properties going to sealed bids and spending more than one weekend on the market. To be honest a good thing as last Spring was ridiculous. However a cooling doesn't equal a crash.

Roneik you are funny. Just goes to show how dangerous a little bit of knowledge can be

I think there will be a steady downwards until about next xmas and then a bigger more noticeable drop once rates rise. It doesn't matter how low rates are if you can't get the funds and I have noticed locally that asking prices are daft but nothing is selling! Nothing major before the election but after that...... I think 2016 NY.

You can always see who is exposed to the disaster in the making,by the silly non informed child like replies,and yes this is the SEER

Little bear your above post 6 months ago would have been credible, not now we are in the downward spiral.
All the VIs out desperately trying to breath life into mortally wounded ponzi scheme.

I can take the flak , I am the SEER

Twas cold in the speculators lounge
Unopened bills by the door did abound
Twas the radio that brought the Christmas news
No longer could they only pick positive spin views
Twas 30% the reduction in London HP price
Some indebted did throw a tantrum .that’s not nice
The news from the speakers did crackle and pop
As the price again did drop
The Samaritans were busy now
With all the fretters whining , their heads did bow
Then a young first time buyer came on
She said her husband worked at local mill
Dreamt of fortunes left in a will
She said his dreams were all without foundation
He hadn’t got any rich relation
The presenter said without a cough to stop
You will be alright the prices have dropped and the market has gone pop

You got a lot of time on your hands today, Ron?

Just in time did the seer rhyme
Nah waiting in for for a delivery
Thought I would lighten the place up

By talking crap?

You wont stop the inevitable crash by having a pop at me. It's well on it's way, with months of drops in prices behind us. I would say sentiment has changed for buyers. The SEER

Despite everyone on your other thread disagreeing with you? And citing examples that contradict you?

Months of drops behind us? Really?

official figure show 10.4% increase in house prices this year

Landlords feeling the pinch too by the look of it,1000 properties and cant pay the council tax
www.kentonline.co.uk/maidstone/news/fergus-wilson-council-tax-28657/

Maybe we could organize a collection for them
THE SEER

Not everyone! . There is no need to be rude and personal Its like all debates 2 sides to everything. I hope the market tanks and rates go through the roof but I also understand those that need rates to stay low and prices inflated or they will be in trouble.

LR figures for Oct are for last sales in July and prices were def good then. I bought a flat to refurb in March 2013 for 218k. I spent 40k and sold it in June for 340. In July my neighbour decided to sell exactly the same flat maybe not as cosmetically nice but thats my job but same sq footage. It was initially 325k and sold but was downvalued by surveyor and now after 2 drops is on at 285

The white knuckle ride clanked and squeaked it's way to the top of the ride, the participants by now strapped in . As the wheels squeaked as they made purchase to the track,

To be continued

I used to get this on the site that named me the seer in 2005/6

It's funny that as one by one the predictions came true it got nastier . Some gave credit but the venom from some was unbelievable

When I named the month one of the banks would go down and the first letter of it's brand name It turned ugly

Roneik that story is about a notorious slum landlord. You can find any number of hysterical stories about him

That story bolsters my view of landlords.
There are thousands like them.
Banks will end up selling the lot as soon as viable, do some research there is a special division of the state owned bank dedicated to removing liabilities like them from their books. Landlord forums are full of stories of the banks moving in on landlords .

You're making me laugh. Do some research. You're talking to people who many work in those departments, run those departments, audit those departments. You don't have a clue