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

[FluffyWuffyBunnies]

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.

furby

don't know your budget, but I think this would be good possibly. and looks improvable, I might make it a 2 bed with an ensuite...looks like you can park and might be able to drop kerb, little garden could be nice for bbq and it is near station and park and can walk into town through park (or run) also by track and near college for evening classes/language classes. also been reduced so potential for more reduction. would let to JLR contractors as they like parking/worth making nice for them as will pay premium especially if you go furnished (ikea) and all inclusive.

www.zoopla.co.uk/for-sale/details/39597560?search_identifier=fe7771a8c12c920f7af4489675635cd9#XVISXHwsy8o2U4mw.97

Snowspider sadly we are much more entry level for now - looking

Interesting about furnished- you think it's worth it?

furb sorry for hijacking op

this would be fab for jlr renters could get a very good rental (this is not financial advice obvs)

www.rightmove.co.uk/property-for-sale/property-40329738.html

I do my house on ast for each room all inclusive of bills down to bottle openers like a holiday let with tv/wifi etc no letting agent so they move in with just suitcase and i come in every month and do some extra cleaning/weeding say hi etc

SE England here too - market has gotten a bit slower, I'd say.
But it's really hard to put in words really; some properties come on and sell within days, others languish for months. Sometimes they're overpriced but not always.
That said, there is a 2bed semi for sale here, it's been on the market for £350k for at least a year. Then it was taken off for a week and put back on - for £375k! Clearly the sellers didn't learn their lesson there

Sansa - that sound similar to crazy prices near us. I saw (on rightmove) a 2 bed terrace the other day for nearly £450k. The owners must be delusional. I look forward to watching its decline in price on property bee over the next few months

Yeah, I think a lot of the sellers of houses that don't sell play the long game - prices go up anyway, so at some point the house will catch up with its asking price?! Even the ones that have been on for a long time don't get reduced.
Whilst we have benefitted from the steep rise too (just had our house valued and it seems it's £100k higher than when we bought it 4 years ago), everything that we would want to move to (i.e. bigger) has gone up even more and I can't see how we'd ever afford that - decent size 4 bed houses start at about £600k

Also east Anglia and not looking like we'll be joining the property ladder anytime soon everything is so expensive or in a dreadful area, we're saving hard for our deposit thought so we'll be ready when the time comes hopefully.

DS2 and his partner are looking for a house to buy at the moment - central Scotland, one particular area.

Don't know if this issue is very local but there are plenty for sale under £150,000 and plenty over £250,000 and nothing in between. The smaller detached homes are in very short supply.

Cheltenham here and I'd say it had gone crazy in terms of asking prices bit it's still dependent on location. A house similar to ours has gone on the market for a 100k (over a third) more than we paid for ours 3 years ago...needs complete modernisation too

Near Maidenhead. Prices have gone mad because of cross rail. A house that cost £250k a few years ago is now valued at £475k.....

Milton Keynes. I thought we'd get £240k at the absolute outside, agent told us to put it up for £265k, asking price offer from first time buyer in less than a week. Should complete in the next couple of weeks, has been held up by surveyors lenders and solicitors prioritising those trying to beat the stamp duty deadline.

Still bonkers where I am (East London). Lots of flats for sale and still going quickly (open house on the Saturday, then best and final offer by Monday, most going for well over asking price), but not much in the way of family homes. Lots of building work going on everywhere so I think people are staying put.

We got a leaflet through the door today from a local estate agent boasting that they achieved a record price: in excess of £480k for a first floor, two bed Warner flat. Which is more than we paid for our 4-bed terrace in the same area less than two years ago.

I'm in south yorkshire. A small town. Rubbish here houses can be on the market years.

Hardly any choice in the north west. Panicking because we want to put our house up this year and there's not much I'm interested in.

I'm at 200k level. I look at 300k level for shits and giggles but still nothing.

Cheltenham here too. House prices are increasing here depressingly quickly. Depressing as we have been saving for deposit for years and hoping to buy next year but I can see us being priced out completely

Can anyone advise what property prices are doing in Orpington? Is the market busy, are houses selling quickly.? My poor stressed dh needs to get fil's property on the market but different estate agents are giving such wildly different valuations it's confusing.

My NW town has gone bonkers, but nothing is selling so at some point sellers will need to be more realistic. For example, a house that sold for 265k two years ago is now on for 355k, no improvements made or work done.

It must be the estate agents talking up asking prices, but what good is that if no-one is buying?

If something is well priced it sells quickly, everything else languishes for months waiting for sellers to get real.

Babyroobs - it's sooooo annoying isn't it. We've found the same thing, valuation differences of £100k, makes you wonder if any of them know what they are talking about or valuations are just a finger in the wind guess!

in middlesex we had valuations at the end of feb of 500k 530k 540k 565k 595k
we put it on at 550k and completed the sale within three weeks at that price

offered on a house yesterday that has been for sale for nearly 5 years!!! on at 375k offered 320k cash; totally rejected, no counter offer, she wants near asking price house is in west wales where this is not unusual. houses either never come on the market selling locally by word of mouth or are put on at mad prices and sit there for years on end. it makes it very hard to buy there.

sula

There are so many variations in the NW though.
We sold our 2 up to down terrace the first day it went on sale, rightmove photo's weren't even on the site.
In our town we had an offer within first week on our 4 bed Edwardian semi, that was full asking price offer too.
I would imagine the expensive houses in Cheshire or Yorkshire may take longer to sell, but I have found Greater Manchester especially the first time buyer houses are shifting pretty quickly.
I am seeing lots of Sold signs which we haven't seen here for a while, as they tend to not put boards up usually. Maybe it's to show just how buoyant the market is, or to persuade us it is as we wouldn't know the norm if sold boards aren't usually up.
Can you say what area you are looking at?
Good luck, btw.

This all reminds me of the mad house prices and buying time of the late1980s which was, unfortunately, followed by the crash of prices and the doldrums of the 1990s. When mortgages had interest rates of around 17%!

I'm not an economist, so I don't know if the current conditions follow the same pattern.

SW London, and prices are crazy. However I know of some daft-price family homes which have sat on the market for ages, and I fully expect the prices of anything that would have appealed to BTLers - mostly flats - to come down a bit after 1st April. I gather there has been a bit of a buying frenzy in that department, but that will obviously come to an end, esp. with new toughening up on lending for BTL. And not before time - so many FTbs round here have been completely priced out.

My experience in Medway is the same hummus. We've just got a sale agreed on our house after one open day, at above asking price, and £60k profit on what we paid 9 years ago. It's just a modest semi in an ok-ish area. 3 years ago when we tried to sell, we were being advised that a good price would be £20k BELOW what we paid. It's gone nuts, largely I think through London-based buyers looking for reasonably priced property in decent commuting distance.