Re: house prices jump

The 'stamp duty holiday' hasn't helped. And we come out of lockdown wanting a fresh start, but others are doing the same.

It's quite extraordinary: a credit crunch, austerity, a messy break with the EU, now things are looking up, London prices are always the first to go up, the rest of the country follows, but not this time. And we all know why that is ... as mentioned above we need more space, a breath of fresh air ...

We've got our place here in London on the market, no one's interested. We have our eyes on bigger better properties out in the shire, but they are getting snapped up.

Re: house prices jump

I think the stamp duty holiday has encouraged people to move as its a massive saving an moving costs....demand has outpaced supply which has pushed up prices. I don't think the dynamics will change anytime soon however when the stamp duty holiday finishes in September there might be a minor blip...you never can tell. Property is still a very safe and lucrative investment.

Re: house prices jump

Increase the GDP Per Capita and you increase the 'Real' GDP: nothing but good for the economy.

Re: house prices jump

Yes, but, do we need these blips? Artificial stimuli ...?

I know it worked for you summer and I'm pleased. But it's causing chaos for others. 😐 And what if you budget for zero stamp duty then miss the deadline?

Re: house prices jump

Its coming back in a phased way so that might cushion any adverse reaction....hope you sell soon dood ....selling houses is stressful. I'm unusual in that I love moving I think I must have gypsy in me.

Re: house prices jump

A newly built house in our hamlet with a tiny garden, overlooking the graveyard and overhung by yew trees so dark, no view except a tall hedge on one side and the graves on the other is for sale at £1.25 million


Note the tiny garden and all those windows look into the dark back of the church and graves...

Re: house prices jump

Yeah thanks. It's phased is it? It won't make a huge difference to us either way. We are mortgage-free, buying for less that we can afford, no pressure.

Re: house prices jump

On zoopla it states ours has gone up 40% since we bought it in June 2014 , an increase of £163,000. First time buyers stand no chance around here and we are not the most expensive in the area, Go the other side (sea side) of the main road and your looking at £1m+, absolutely stupid prices

Re: house prices jump

It’s true house prices have gone through the roof. The village I live in has turned into Little London with families desperate to leave the capital. Demand has outstripped availability. I sold my house in 36 hours. As I am downsizing to the seaside it’s winner winner chicken dinner.

However it is the housing market that will that will lead the country out the of the dire financial situation by creating jobs.

Re: house prices jump

It's the same here 'out in the rural sticks', 'For Sale' signs go up and within a week (often less) the 'Sold' sign takes its place. Land anywhere is being built on too, which is not always good, the necessary infrastructure is just not there.

All this is only 'paper money' anyway and always has been. The only real winners are estate agents and solicitors. The former we can do without by selling privately, the latter though are always the winners. Solicitors and their £300 an hour fees cannot be avoided.

Recently I checked on prices where I used to live, just 25 miles from London. A four-bed semi-detached house, one known to me, was priced at £1.2 million – a semi-detached! It's located in a 'sought-after' area but nothing that special!