Anyone struggling to sell a flat?

[Tblock1800]

I know it's across the board at the moment, but is anyone else really struggling to sell their flat? We got a modern 2 bedroom apartment in surrey in a good location and have even put our price down, but we are receiving nothing at the moment. We did have viewers in previously and 1 person even close to offering, then pulling out at the last minute. It's been literally baron for months with no 1 viewer. I get the market is volatile at the moment, but it's ridiculous the flat market in particular which are extremely difficult to sell. Anyone selling a flat/apartment experiencing the same issues?

2 Viewings this week. Got 1 tonight and 1 saturday so things touch wood seem to be moving in the right direction

Good luck.

@Tblock1800 how are you getting on? We are in the same position and I'm struggling to stay positive! First no show viewing today :(

Hey, we took it off the market for personal reasons. We go back on fresh in January. Hoping and praying a fresh start will help us sell. Very rough market at the moment

I think one of the problems is that it’s so expensive to buy with stamp duty that people are trying to miss the flat rung and go straight into a house.

I wouldn"t describe it as "rough" more a re-balancing market, if sellers drop their prices that re-balancing will happen so much more smoothly.

Most people won"t manage that with rising mortgage costs, unless of course sellers accept the reality of the new market.

Service charges put people off. DS pays a horrendously high service charge for an ex council block that hasn't seen a lick of paint in decades. It's disgraceful.

I do one day a week in an agency....nobody has enquired about buying or selling for over 3 months now, also i dont think prices will have stabilised by next year, higher interest rates to come so i think prices will fall further. Very tricky at present. good luck.

It’s the potential for getting trapped for years that would be the clincher for me and the possibility of having to sell at a huge loss. I’ve said it before on here but I would never buy a flat no matter what the circumstances and how much it is.

No, it’s a shite market across the board. All the estate agents are saying it. Houses are even taking a lot longer to sell

That is because a lot of houses are overpriced, if sellers price to the market i.e drop their prices the market will start moving, it is only "shite" because loads of sellers think they can get prices from five years ago.

The trick is just don"t buy, or borrow to buy, these things. Many young people are just staying at home now and saving a fortune.

Basic 1 bed flats in Anytown UK should be less than 100k.

They are around that price in Shropshire but I'm still reluctant to buy one due to annual service charges of between £1500 and £2000

Well yes, the leasehold/service charges con is the thing, if they were cheap enough maybe landlords would buy them and try to pop the charges on the rent? Risky now though the way immigration is dropping?