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It's one thing to make an offer for a place, it's another thing to actually be able to go through with it. I also think there are a lot of lies going round too, but then maybe not. I can't say I've seen too much come on to the portals then actually be taken off because they've gone beyond SSTC, either.
But. I suspect basically every flat being canned from the market is having an effect. And I think there's the pent up demand, and combined with agents stoking things it's creating the seller's market.
I also suspect there are just a lot of people with a lot of money for some reason and they aren't afraid of paying £100k over what the same place sold for in December last year. That I don't really understand. They must be so fucking rich and so fucking young.
I guess the stamp duty holiday has helped but I think it was unnecessary and it's really fucked over people like me who sold before lock-down and now have nowhere to go.
Might find myself reneging on our exchange. Or renegotiating an even longer delay. Fun times.
Howard-
Yeah, that's a pretty shit situation.
If there is any way you can wait it out for 6 months or so, it seems inevitable that some kind of sanity will have to return.
It's just when...
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lot of people with a lot of money for some reason
Not so applicable to those in London, but WFH has definitely saved some people a shit load of £s in commuting.
ChasnotRobert
hugo7
I'm really confused about what's happening.
Is everyone in total denial that we are entering a massive recession with minimal fiscal or economic firepower to fight it?
Or is it just some kind of suspended animation and the crash will kick in at Christmas?