Average house price reaches £175,000

TheTelegraph

“The definition of a house price bubble is when people will pay anything for a property. This is not what we are seeing here. Many people are still heavily indebted, particularly if they have maxed out on credit cards. This is hardly a market running away with itself.”

“The definition of a house price bubble is when people will pay anything for a property. This is not what we are seeing here. Many people are still heavily indebted, particularly if they have maxed out on credit cards. This is hardly a market running away with itself.”

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Land Registry: Average house price hits £167,063

TheTelegraph

“As expected, property prices continue to rise across the country, with London leading the way. However, one does start to wonder whether pricing is accelerating away from affordability and whether we will reach a point where buyers are once again struggling to get on the property ladder.”

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Sellers ‘get what they want’ in crazy London property market

TheTelegraph

“With such limited volumes of properties coming up for sale, combined with high demand and a growing confidence in the market, asking prices are inevitably rising.

“Estate agents are not helping: they need instructions to stay in business and very often they will attempt to outbid each other to persuade the seller to instruct them, contributing to ever-higher asking prices. Some will have to reduce prices six weeks down the line when the promised lofty figure is not realised, but with supply so limited, in some cases the seller may will achieve that higher price.”

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Five dirty tricks in today’s rising housing market

TheTelegraph

“Sometimes estate agents get lazy and they arrange all the viewings on a Saturday, for example, when you see all and sundry walking around.” These mass viewings create a heightened sense of competition, which is further exacerbated by a sealed bid, where each potential buyer makes an offer that no other bidders can see.

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House prices fall for third consecutive month

 

Nicholas Ayre, from buying agents Home Fusion, said that house prices were being dragged down by the “full weight of consumer caution and economic uncertainty”. It is also becoming more difficult for consumers to get a mortgage, with the Co-op being the latest lender to pull out of offering interest-only mortgages this week, and others tightening their criteria for handing out loans.

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How homebuyers can save £8,000 per minute

 

 

Nicholas Ayre of buying agents Home Fusion is another enthusiast for the somewhat faded seaside town. He said: “If you’re looking for good value, Folkestone is definitely one to watch. The town was about to see some serious redevelopment when the credit crunch hit.

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How to get 25pc off house prices and flat prices

Nicholas Ayre, a director of buying agents Home Fusion, explained: “Find out if the building or estate has a residents’ association and, if so, to get in touch.

“They might be able to provide you with a copy of their minutes from a recent meeting or talk to you about any maintenance and repair issues they are currently trying to resolve.”

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