Anyone noticed the market has changed?

[yaxe]

We are in the process of buying (have sold) & it was mad in March, lots of overbidding etc. I've noticed now reductions & stuff is staying on rather than going in a wk. It's making me a bit nervous tbh.

and so the cycle of falls will continue

Just discovered why my experience is slightly different in terms of prices going up.

www.thestar.co.uk/lifestyle/homes-and-gardens/sheffield-property-city-property-market-is-best-performing-in-the-country-for-sellers-3685932

LOL, buyers are a bit late to become "savvy", what an absolute mess, you have to feel some sympathy for recent buyers though, many of them are going to be financially ruined.

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
ruined, hilarious

@Nothappyatwork

Why are you so rude to anyone who disagrees with you?

You still haven't come up with a coherent argument to counter Jamie Dimon, Elon Musk and Lawrence Summers. Other than "the CEO of JPMorganChase, the richest man in the world and the former Secretary of the Treasury haven't got a clue about economics and finance".

Laughing at ludicrous suggestions is being rude is it ?

Elon musk is an absolute joke, look at his behaviour over the purchase of Twitter, the fact that anybody would even take anything that comes out of his mouth seriously is disconcerting.

please do go back and quote exactly where I’ve said the CEO of Chase knows nothing about economics ….

I've noticed a few flats in my area that have been on the market for ages, but when you do some digging, you realise it's because they have dodgy stuff going on with doubling ground rent etc. Any realistically priced flat with standard clauses seems to go quite quickly. (I'm in London so my budget restricts me to looking at flats..)

@Nothappyatwork you have only very recently bought - are you happy with your purchase and the price you paid?

I’ve seen you multiple times @Nothappyatwork on many threads talking about how profoundly unhappy you are are work, how stressed and unfulfilled you are.

if you can get some humour from what you regard as “ludicrous suggestions” - go for it!

@Nothappyatwork

It hasn't occurred to you that the image Musk portrays is his brand?

I think Elon Musk rather enjoys sticking two fingers up at the establishment doesn't he?

I wouldn't say it was 'hilarious' for people to be facing severe financial difficulties but we do tend to disagree @Nothappyatwork

Back to the original question. I asked an estate agent about this when viewing a house this week.

They said from what they've seen, things are still busy and properties being snapped up at the lower value/ FTB level but otherwise it has definitely calmed down and they aren't seeing bidding wars now

@FortonServices i’ll ask again perhaps you could quote where I have suggested that the CEO of Chase Morgan knows nothing about economics ?

I don’t mind people talking shit, they do it all the time on Mumsnet and in real life but don’t imply I am without any evidence to back that up my dear.

Am I yeah absolutely. I was able to save the deposit for it another under 12 months put 25% down so I am not over leveraged. Inferior to push I could pay the whole lot off tomorrow but it’s not financially prudent to do so however that’s not the point.

The point is probably 23 years ago the markets fluctuated and we did have peaks and troughs that just hasn’t been the case since government intervention and there is no reason to believe that will change now.

@Ohthatsexciting you’ve seen one thread where I described a work colleague who I thought I’d lost her mind but it turns out she’s actually calmed down quite a lot and is my work Besty now so thank you so much for your kind words but no need.

You’re posted loads about your job.
indeed your name….

and you say that you’re looking to sell and upsize in next couple of years. Doesn’t that rather contradict your stance on this thread?

I didn’t say anything about selling ?

I don’t think I have posted at all about being unhappy with my job and I changed my username for that particular post and haven’t changed it back.

You name!

you have posted loads about being unhappy at work and thinking about jacking it in to take a minimum wage job

on another thread you say you will be looking to sell and upsize in a couple of years!

search your own name!

@Nothappyatwork

As others have said. Search your own name.

I have noticed (and I live in a city known for property holding value well) that many more houses are on the market since March. They are staying on for longer unless in the very desirable areas.

so you can’t quote it then ? Ok 👍

Any thoughts on how things are feeling in London? Currently selling a period house in south east London zone 3 and under offer but may have to relist due to issues in the chain. Ideally would like not to relist but there we go!

Anyone curious - just advanced search this posters name and it will both explain her stance on this thread and contradict it!
and there’s loads of them

Properties staying on for longer in my area (zone 1), quite a few price reductions, however, well-priced and good stock is going under offer. I saw a gorgeous flat last week and it went under offer yesterday. For the space, it was the right price.

Agents are saying more deals are falling though as buyers need to renegotiate mortgages. I want to hold out until the end of the year as we will get a good sense of how shot things really are.

Please start a separate thread for bashing this poster instead of detailing. It’s tedious to read.

@Decidualcast

Did you appoint yourself as the thread police?

Posters can respond to other posters points, as far as I'm aware.