Housing market

[Lord Tyrion]

Scottish Borders is utterly stagnant. Prices are dropping and no one moving in, other than the occasional retiree from the South.

One of the boom areas up here is a village on the coast called Alnmouth. Lovely little place but key to it is it is on the East Coast mainline. Some people live there and commute to Newcastle, others come up from the south on holiday and then decide to retire as you describe. Sell your million pound semi in London / SE and buy a 5 bedroom detached with garden, views over the river, out to sea etc for half that. Pocket the rest. Being on a train line, not literally, can make a heck of a difference.

 

[Rooter]

First viewer of my house made an offer this morning 15 minutes after the viewing! Over asking price and I have another 14 people to view it over the next few days. It's proper crazy here!

 

[la_lucha]

First viewer of my house made an offer this morning 15 minutes after the viewing! Over asking price and I have another 14 people to view it over the next few days. It's proper crazy here!

Great isn't it. I presume you're going to let a few more view in the knowledge that you have a good offer already?

 

[MegaSteve]

First viewer of my house made an offer this morning 15 minutes after the viewing! Over asking price and I have another 14 people to view it over the next few days. It's proper crazy here!

Believe that's why my mate went the 'open day' route...
All done and dusted, more or less, in one hit... He had 18 view on same day...
His better half had baked bread in the morning and coffee was on the go all day long...
Giving house the right homely feel...
Plus, also, fresh fruit in the bowl and lots of fresh cut flowers...

 

[Smiffy]

We've just had a new M&S built in Bexhill.
This, along with the new Hastings bypass due to open soon will see property prices spiral out of control.
Lots of people want to live in this "above ground cemetery"....

 

[patricks148]

Won't the new Borders Railway stimulate the market in places such as Galashiels? And given access to Edinbuergh me and my Mrs might soon be one of the retirees (or more likely not to long to be retiree)

we thought about moving to Kelso a while ago, as the wife had been offered a job back in Edinburgh. it was lovely with some really nice properties.

would consider it again, was a trek to a links course though

 

[Rooter]

Great isn't it. I presume you're going to let a few more view in the knowledge that you have a good offer already?

Of course!!!

 

[fundy]

First viewer of my house made an offer this morning 15 minutes after the viewing! Over asking price and I have another 14 people to view it over the next few days. It's proper crazy here!

you found somewhere to buy? dont forget youre on the other side of the fence there!

 

[Doon frae Troon]

you found somewhere to buy? dont forget youre on the other side of the fence there!

Nice one:lol:

 

[Rooter]

you found somewhere to buy? dont forget youre on the other side of the fence there!

True but the demand for what we want is not as high as a bog standard 3 bed, so we are almost in a win win situation.

We have found somewhere, just waiting on finalised mortgage numbers before making our offer.

 

[Tashyboy]

Listening to Radio 2 ? Jeremy Vine.

a guy on there said he hoped Pensioners in big houses would sell up and downsize. So people with families could buy them. Also they could pay with there excess money a fee because they had free university education.

 

[Rooter]

So today just to show how mental the market is here, we had 7 viewings. 6 made offers of asking price or above after they were all advised it would go to sealed bids next week due to popularity. I am flabbergasted! It's mental! 7 more viewings booked in for Friday and Saturday too!

 

[SwingsitlikeHogan]

So today just to show how mental the market is here, we had 7 viewings. 6 made offers of asking price or above after they were all advised it would go to sealed bids next week due to popularity. I am flabbergasted! It's mental! 7 more viewings booked in for Friday and Saturday too!

Amazing how many folks down here have £650k to fling at a house

 

[Crazyface]

Just waiting to exchange contracts, we're going from a 3 bed semi to a much bigger 4 bed detached, in a town just east of Cambridge.

Had around a dozen viewings in a fortnight, ended up with two interested parties and accepted just below the very inflated asking price.

That was 6 weeks ago, searches are taking that long due to the volume of sales in the area at the moment.

Cambridge market and prices are absolutely bonkers, so the towns within commuting reach of Cambridge are reaping the benefit

Getting a boost from all the science bods that must be flooding in to the area with Astra Zeneca putting down roots there.

 

[BrianM]

Sorry to revive this thread, my house has been on the market a week and we've had loads of viewings, one offer and notes of interest in, got someone coming back for a second viewing today as well.
Didn't think it would be as buoyant with viewings.
It's torture keeping it like a show home with a 5 year old 😂😂

 

[Rooter]

It's torture keeping it like a show home with a 5 year old 😂😂

You should have tried doing it with an 8, 6, 3 and 1 year old then! It was hell!! Worth it though, first impressions count and while i can see past mess etc, a lot of people cant!!

Good luck with the sale Brian!

 

[jp5]

Not gonna be pretty when the bubble pops that's for sure!

 

[Rooter]

Not gonna be pretty when the bubble pops that's for sure!

IF the bubble pops.. i honestly cant see it. a dip maybe, but not a pop. (i am no economist!)

 

[jp5]

And very few people foresaw the 2008 crash!

Property prices at 10x average salary, or greater in the south-east/London, isn't healthy for a country.

Perhaps they won't crash but we'll end up with the Government having to pay 30 years of rent for today's youngsters as they hit retirement without any property to live in.

Either way something will give at some point.

 

[chrisd]

And very few people foresaw the 2008 crash!

Property prices at 10x average salary, or greater in the south-east/London, isn't healthy for a country.

Perhaps they won't crash but we'll end up with the Government having to pay 30 years of rent for today's youngsters as they hit retirement without any property to live in.

Either way something will give at some point.

Or they will finally build the million or so houses that are needed, and then supply and demand will ease house prices downwards