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Original poster

What is the housing market like where you are at the moment?

77 replies

FluffyWuffyBunnies · 27/03/2016 20:19

I'm in the SE. There seem to be a lot of properties coming on the market at the moment but not many sales happening (although the next month should reveal more about sales). There's still not a lot of choice though.
House prices have definitely risen significantly in the last few years.

OP posts:
kernowgal · 27/03/2016 22:05

I'm in Cornwall. I recently moved but still get Rightmove alerts. The market seems to be completely static at the moment - lots of places came on before Christmas and have now sold, but there are very few new places coming on. I'm assuming it'll start picking up after Easter. Prices seem to be increasing very slightly but there'll always be a ceiling here because of local earnings.

kernowgal · 27/03/2016 22:05

I am at the lower end of the market though - might be better at the £200k level.

Original poster
FluffyWuffyBunnies · 27/03/2016 23:00

The property market used to peak at Easter but a local estate agent reckoned that isn't the case any more. They said they were busy over Christmas - which ties in with what you say Kernowgirl. Prices in SE still seem high to me but guess that will never change because of the proximity to London.

OP posts:
RaphaellaTheSpanishWaterDog · 27/03/2016 23:26

We moved from the south of England to the West Midlands just over a year ago. The market here is pretty static. I just did a RM search for our postcode plus 1 mile - out of 31 properties added in the last 14 days none are SSTC. Our last house was in a rural location so not much happening there, but in our previous location on the south coast plus 1 mile, out of 110 added in the last 14 days 15 are SSTC.

snowspider · 28/03/2016 08:00

west london borough, local postcode on zoopla 21 out of 67 listed from 26 February are sold/under offer

leamington spa, warwickshire on rightmove 53 out of194 listed from26 feb are sold/under offer

Original poster
FluffyWuffyBunnies · 28/03/2016 08:55

I'm not sure what those stats mean snow spider! Is that good/busy or not?!

OP posts:
snowspider · 28/03/2016 09:34

Well I would say that the London one (which has a very high proportion of btl) has been much more busy than in the past, prices have risen(we sold for about 10% higher than we would have expected 6 months ago) and not a lot of houses available, more affordable by a large margin than adjacent expensive postcodes so therefore still selling but I expect it will slacken off now the stamp duty surcharge is coming in.

LSpa has been very busy the last 18 months and prices have been high, but that looks like a lot of houses have recently come on the market for easter and whether the sales volume will increase with all that supply will be interesting to see. Lspa also a strong btl market

Mummyme87 · 28/03/2016 10:15

I'm south London/Surrey borders and lots of properties 3miles around me, about 50% sstc within 10days

JeVoudrais · 28/03/2016 12:23

I'm in Essex (East Anglia is predicted to be one of the fastest areas for growth of house pricses). Nothing is coming on. What is is really poor and not selling that fast. Evidently a seller's market still because anything decent is gone in a day.

JT05 · 28/03/2016 15:02

Our part of the East Midlands is the same jeVoudrais. In fact we asked the EA to remove the house we're buying completely from Rightmove so that no one else could see it. Fortunately the sellers agreed, they been let down and need a smooth sale.

Allbymyselfagain · 28/03/2016 15:43

SE on the high speed line. Market is crazy here. Not a lot coming on and everything bar the really awful stuff is going to open house and selling the next day. Everything going for at least 10% over the asking price . I've been looking since before Christmas, got a healthy deposit and I'm being outbid every time.

Original poster
FluffyWuffyBunnies · 28/03/2016 15:49

Allbymyself - I'm in the SE too but the market isn't like that here! Reasonable amount of stuff going on but certainly not flying off again.

OP posts:
goldenlilliesdaffodillies · 28/03/2016 15:53

I'm in the SE too. The market was really slow but in the last month many more sold signs have gone up. Many of these are houses (like mine) have been on the market since last summer. Only the really over priced ones are left.

FurbysMakeSexNoises · 28/03/2016 16:30

Snowspider I live near LSpa and am gently looking into BTL market- but most things outside budget- any top tips if you've been looking recently?

Savagebeauty · 28/03/2016 16:33

My house in SW London has been on market 6 weeks and had three separate offers, one if which I accepted but buyer didn't have enough cash Angry
But it's at high end of market (over £1m) so I know there won't be masses of buyers. I'm in no hurry.

NewLife4Me · 28/03/2016 16:35

Mine sold on first day Grin
Everything is selling really quickly where we are and there are lots to let which also go on the same day.
It's mainly the small cheap terraces though, although the three and four bed market is pretty good atm.
The estate agents are really busy, so good for their commission or bonus.

Varya · 28/03/2016 16:37

Here in West Surrey, with good schools, I never see a 'for sale' board, they are all 'sold' as soon as they register with an Estate Agent.

suffolkpunch85 · 28/03/2016 16:50

East Anglia here too. Our house sold in a day due to lack of first time buyer housing. There was only one house suitable for us to buy which we luckily liked but I do worry if we have been driven to it due to lack of supply

Madbengalmum · 28/03/2016 16:55

Housing market in the midlands has low supply, good stuff is being snapped up quickly, but there has been a rush to buy before 31st march because of stamp duty hike effects.

Toomanycats99 · 28/03/2016 16:55

I look on right move regulRly. I am south London / Surrey borders. There doesn't seem much on the market for 3/4 bedroom considering the density of housing. Good job I'm not looking to move as I have no hope of getting the next step up in an area I actually want to live in! I'm looking at 125 - 200k for 1 extra bedroom! (2 bed at mo)

Salmiak · 28/03/2016 16:56

Crazy - South east. Our neighbours just put their house on the market, for over what the estate agents recommended. It sold at full asking price within 24 hours to a cash buyer. (For £100k more than I paid for my identical house 2 years ago)

Allbymyselfagain · 28/03/2016 16:56

fluffy I'm being really fussy on location but it's hell. Almost all are open house and I've had to queue down driveways to get in (having booked a slot and turned up on time!) unfortunately in the last three months I've been fighting btlers but hopefully they will slow down now. Prices have gone up 10% since September. I have phoned some EAs the day the house went online to be told viewings happening tomorrow and they won't allow me to view as its already full. Houses selling in 24 hours. I offered on one up for 200 and it went for 217, another just a maisonette up for 150 went for 168 needing lots of work.

I'm now crossing my fingers hoping prices go down in April and going to talk to bank about guarantor mortgages and/or putting my mum on mortgage to see if they can lend me more.

Maturecheddarcheese · 28/03/2016 17:19

North East Scotland - market is quite bad because of the oil industry problems. Lots of properties are being reduced in price. It's still horrendously expensive though. It's a bad time to sell as prices are on the way down and a bad time to buy as prices may keep going down for a while.

IAmAPaleontologist · 28/03/2016 17:37

North east here. Rural though. In my little village my house has been on the market for around a year, so has the house we want to buy thankfully! Few other houses been on similar, couple of others for a lot longer.

EssentialHummus · 28/03/2016 17:41

Zone 2 SE London - we are slowly looking for a family home and one estate agent commented that end of year was slow but things are now busy. Some price reductions etc, nothing too dramatic. The new builds around are being marked down slightly, which I'm delighted about as I felt they were overpriced.

I also have a BTL in Medway, Kent, and feel like the prices have gone bananas in the last six months (I check RightMove a lot) - when I bought two years ago, your standard 2-up-2-down, maybe with a cellar or third bedroom off second, would go for £125,000 - £130,000. Now things in meh condition are up for £170,000 and being sold at open day.