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Property/DIY

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Is the 0.1% fall in prices significant or is summer a usually slow?

28 replies

MsPorridge · 06/08/2022 07:10

I know every part of the UK is like a market on its own, but where I am (West of Scotland) properties seem to be selling slower, definitely less closing dates and more reductions which I hadn't seen at all since October 2021 when I started looking for a house. Out of curiosity I checked some parts of Edinburgh and Glasgow and found more reductions than closing dates.

How is the market where you are?

OP posts:
oiltrader · 07/09/2022 23:15

Sheenqueen · 07/09/2022 20:27

Who knows what to expect and if Liz Truss increases the income tax threshold and reduces energy bills, that will help people to afford new homes.

amp.theguardian.com/business/2022/sep/07/uk-house-prices-halifax-warns-of-more-challenging-period

interest rate will be over 4% next year, mortgages will be 6%. there will be no price rises

Sheenqueen · 07/09/2022 23:28

predictions and forecast? The truth is that nobody knows. Prices could go up or they could go down.

earsup · 08/09/2022 00:19

Well here in trendy east london...the yuppy types are fighting over anything that comes up...outbidding each other....bank of mum and dad fueling the price wars so no drops at all here.....so little for sale other than bland concrete new build flats which are shifting very slowly or not at all...!

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