Well my sources tell me little is selling, even at knock down prices, as people can't get mortgages.

as the agent gave the interview,a pig flew by the window outside

That's true, the only sales are to investors paying cash.

There's a bit in the Bristol Post tonight (I know it's nowt to do with swindon, but bear with me). a harbourside developer has sold 16 apartments this year, all to cash buyers, none to people needing a mortgage

More and more houses that were for sale
now have to Let signs
on them. Easier to
find a months deposit
than to find the deposit on a House.
Trouble Is,if its let through the council its likely to be tenants evicted from elsewhere,who then make life hell for the property owner next door.
Mr Cowan,your wrong.
The housing market will get WORSE.

Even the Bank of England have said the housing market will take 'at least' two years to get back onto an even keel.

As BWB says, this is going to be a real problem for council tax payers as more and more people have their homes repossessed and the council will end up buying them back and letting them out to others who've been repossessed.

I don't think people have any clue just how many houses in non-council estate areas are actually council owned and either rented or given to council tenants.

I am sorry but his so called property expert is talking drivel. Nothing is selling and Estate Agents I know on commercial road are telling me they have not sold anything for weeks and viewings are minimal.

There is a massive sudden and sharp correction going on and even the most conservative estimates are that normality will not return to the market until at least 2010 and during that period prices will have reduced by at least 25%.

My advice is to anyone is to sit tight and do not sell unless you have to.

There is a property two doors up from me that is on the market for £40k less than the current owner paid for it a year ago. I'd say it's at least £20k underpriced and is a nice house in a good area (well, as good as any in Swindon are these days) and it's been on the market for three months.

This time last year the agent wouldn't have had time to even get the 'For Sale' sign up. A few phone calls and it'd have gone within hours of them getting the instruction.

This doesn't prove anything, but in the last three weeks 5 out of 6 properties for sale in my road have had sold boards go up. 3 of them have been on the market for less than 2 weeks!

It's clear that there is a slow down, but the more we convince ourselves that it's a "crisis" the worse it gets. We're effectiveky talking ourselves into trouble

Home Boy wrote:
This doesn't prove anything, but in the last three weeks 5 out of 6 properties for sale in my road have had sold boards go up. 3 of them have been on the market for less than 2 weeks! It's clear that there is a slow down, but the more we convince ourselves that it's a "crisis" the worse it gets. We're effectiveky talking ourselves into trouble

Estate Agents will put SOLD signs up even when it means STC
would be buyer then discovers they cant get a mortgage,so sign comes down again.

And NO,we are not talking ourselves into
trouble,we are talking about REALITY
a reality that can not be Ignored.

BWB wrote:
More and more houses that were for sale now have to Let signs on them. Easier to find a months deposit than to find the deposit on a House. Trouble Is,if its let through the council its likely to be tenants evicted from elsewhere,who then make life hell for the property owner next door. Mr Cowan,your wrong. The housing market will get WORSE.

Sorry BWB but are you saying that every council tenant is a pain. I think you should open up your outlook. They do not all bring areas down and some people fall on hard times and have no other option, Single Parents, Widowers etc. Surely any one renting someones else is stopping repos and there for helping to keep the market going. You really should think about the big picture.
I'm a home owner and not all tenants are great granted (not only council) but at least there is more power to deal with those small few than nasty neighbours that own their own homes.

IT Worker wrote:

BWB wrote: More and more houses that were for sale now have to Let signs on them. Easier to find a months deposit than to find the deposit on a House. Trouble Is,if its let through the council its likely to be tenants evicted from elsewhere,who then make life hell for the property owner next door. Mr Cowan,your wrong. The housing market will get WORSE.

Sorry BWB but are you saying that every council tenant is a pain. I think you should open up your outlook. They do not all bring areas down and some people fall on hard times and have no other option, Single Parents, Widowers etc. Surely any one renting someones else is stopping repos and there for helping to keep the market going. You really should think about the big picture. I'm a home owner and not all tenants are great granted (not only council) but at least there is more power to deal with those small few than nasty neighbours that own their own homes.

Sorry IT Worker
you are quite correct.
I should have said...
Tenants evicted from elsewhere,(Penhill)
who have been antisocial to residense around them.

Sorry BWB but are you saying that every council tenant is a pain.

This old chestnut again.

BWB wasn't saying ALL evicted council tenants are anti-social, they were just pointing out that many are and there's a reason why they were evicted in the first place.

I do wish people would stop generalising. It's as stupid to think all council tenants are good because some are as it is to believe all coucil tenants are bad because some are.

In other news Swindon estate agent says "pleeeeeeze keep buying houses so that I can pay the mortgage on my 5-bed house and the loan on my BMW X5".

Has this guy been taking lessons in lies sorry spin from labour. Someone I know is selling their home for about £5k less than they paid for it 4/5years ago - says a lot more about the market than some EA.

mr brown mr brown !!

oh how her majesties subjects are beggining to frown
youre predecessors have taxed us beyond reasonable doubt, and now its left a bad taste in your mouth !!
increases that left us in debt , and so blue ,our well earned moneis all trusted & invested in markets that (during the 90`s) you said couldent lose

most all of us worked for a pittance its true ,now all of us worry weather we can carry the norm` ,to stay the course and fight the storm,..for so many years weve tolerated the taxes and the sudden influx of the european masses,
and now our economy sets a course for beruit , its clear to us you just dont give a hoot !!

while crime rates soar and fuel costs rise we remain at war and struggle to survive,

while our lives are neglected and our houses remain, it all seems in vein, to the point were left wondering why it is we bother,
only to get bullied by our governmental big brother,
you are bleeding us dry and removing our cause ,so dont be suprised when the future has flaws,
when our civil contracts are held to ransom by upcoming employees who will start a new fashion,
a wind of change was once a good idea ,however now it seems we must live in fear,

and so i shall say and is reasonably worth mention, that our future is bleak and our subjective youths are destined for detention, looking forwards to a life of unemployment and drug fuelled shame ( hold on a minute ...it sounds like the 80`s again )with stabbings, binge drinking, drugs and crime

its unreasonable nowdays to defend your castles line, through fear of a liable and a stay in lou, for defending our castles, our homes our investments the only people paying it seems,us the contestants the players the crew , the ones left reeling and after losing it all, how long can we stand and remain still proud without having a moan and being heard aloud ?
we british nationals ,we mottly few !!soon to be the minority in everything we do,

our government set a standard and trend,the extreme taxation applied to fuels thus allowing oil companies to be so crued,
charging small fortunes for barrels of oil, and like a disease the greed is spreading, so much so its doing me head in,

its running out its nearly gone , hence the reason it costs a bomb !!

i so i shall finish with a thought for the day .

"whos fault is it that weve lost lolly on our houses , i guess its down to who got voted and who wears the trousers !!

Could we please instigate an 'Estate Agents in need Appeal', without your financial support, they are in danger of having to find proper work, having to tell the truth, and dare i say it, break sweat. The true estate agents know that the property market is cyclical, and that during slow periods, a process of renewal happens, wether by acquisition closure , downsizing or just simple good house keeping.So the next time you pass an estate Agents Office, remember they too have a family to feed in expensive Restaurants, run gas guzzling cars and maintain a life style inconsistent with their income ( usually investigated by inland Revenue), please be generous, you know they deserve it and will get whats coming to them !

Frontier(s) wrote:
There is a property two doors up from me that is on the market for £40k less than the current owner paid for it a year ago. I'd say it's at least £20k underpriced and is a nice house in a good area (well, as good as any in Swindon are these days) and it's been on the market for three months.

This time last year the agent wouldn't have had time to even get the 'For Sale' sign up. A few phone calls and it'd have gone within hours of them getting the instruction.

Let's face it, living two doors away from you is bound to reduce the value of any house!

"whos fault is it that weve lost lolly on our houses , i guess its down to who got voted and who wears the trousers !!

Are you seriously suggesting that Gordon Brown is responsible for the global economic crisis that's resulting in the same things happening in many different countries right now?

Grumpy wrote:

Frontier(s) wrote: There is a property two doors up from me that is on the market for £40k less than the current owner paid for it a year ago. I'd say it's at least £20k underpriced and is a nice house in a good area (well, as good as any in Swindon are these days) and it's been on the market for three months. This time last year the agent wouldn't have had time to even get the 'For Sale' sign up. A few phone calls and it'd have gone within hours of them getting the instruction.

Let's face it, living two doors away from you is bound to reduce the value of any house!

That'd almost be witty were it not for the fact I was also living here a year ago.

Children please behave or your toys will be confiscated.