Who's buying all the houses?

[Alistair D]

I'm thinking of moving house but any decent property goes to a closing date or sells quick. Estate agents are telling me it's their busiest time in years and the market has exploded.
There are new houses getting built aswell and asking funny money.
Where are all the buyers coming from?

 

[KrisKrk]

Buyers don't come. They fled from their country to UK, transported by UK planes to seek asylum and just been given that property for free.
Well, not for free bcs taxpayer will fund it and these w@nkers will still complaint about it.

In same boat here, with buying the property. Nothing worth even looking at

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[AlS3BE]

Where I am the folk in the cities are fleeing and moving to suburbs, small towns and villages as they don’t need to go into the office since working from home is the norm now after covid. Essentially selling a small 2 bed flat and getting a 4 bed house with gardens and garages for less money.
this has pushed the house prices up in the suburbs area. Had my house valued recently and it’s gone up £100k in 5 years. It’s irrelevant anyway as it will cost me more to buy a similar house in the area.
During covid last year I couldn’t believe how quickly houses were sold. Some houses in my street was sold within a day after then for sale sign went up.
the flats and house left in the cities are being swept up by investors to use as Airbnb and or buy to let’s.

 

[Mr Freeze]

We are looking to move at the moment we have a 3 bed semi and want more space we applied to get a double extension as we are happy where we are but was denied planning permission unfortunately . Our house as more or less doubled in price but its irrelevant as everything in our area is crazy money
We are going to put our names down on a new development tomorrow that is starting soon

 

[Alistair D]

Where I am the folk in the cities are fleeing and moving to suburbs, small towns and villages as they don’t need to go into the office since working from home is the norm now after covid. Essentially selling a small 2 bed flat and getting a 4 bed house with gardens and garages for less money.
this has pushed the house prices up in the suburbs area. Had my house valued recently and it’s gone up £100k in 5 years. It’s irrelevant anyway as it will cost me more to buy a similar house in the area.
During covid last year I couldn’t believe how quickly houses were sold. Some houses in my street was sold within a day after then for sale sign went up.
the flats and house left in the cities are being swept up by investors to use as Airbnb and or buy to let’s.

That makes sense, as I am looking in Fife, which could be classed as a feeder area for Edinburgh. I guess I'm going to have to do some more speculative letter dropping and get in before properties go on the market.

 

[AlS3BE]

That makes sense, as I am looking in Fife, which could be classed as a feeder area for Edinburgh. I guess I'm going to have to do some more speculative letter dropping and get in before properties go on the market.

fellow fifer
It’s got ridiculous in Fife now. The houses around me are sold before they even lay the foundation. A small 2 bed is £185k in the new development near me.
lots of my mates/colleagues sold their wee 1 bed flats in Edinburgh and bought essentially a mansion over here with change for a new car.
I grew up here and some of my mates can’t even afford to buy the house they grew up in.

 

[Raiden]

fellow fifer
It’s got ridiculous in Fife now. The houses around me are sold before they even lay the foundation. A small 2 bed is £185k in the new development near me.
lots of my mates/colleagues sold their wee 1 bed flats in Edinburgh and bought essentially a mansion over here with change for a new car.
I grew up here and some of my mates can’t even afford to buy the house they grew up in.

Try living in Hertfordshire mate can get f*** all for 185k my way.

About 8 years ago me and the mrs wanted a bigger place and house hunting for a 3 bed house with a driveway was around 350k which was out our budget so ended up staying and got an architect to redesign the whole place but now if I want a house I won’t get any change out of half a mil. Our flat is worth over 300k now which I think is ridiculous if someone was to buy it. Then my studio flat I rent out is about 150k+!!!!!

I feel sorry for people now wanting to get on the ladder. When I bought my first place I couldn’t afford anything in north London where I grew up and back in 2006 a 1 bed flat was around 160k and back then my parents said that’s well over priced. I couldn’t afford to move back now and my mates said I was mental getting a mortgage at 24. But there all pushing 40 and still living at home think prices wouldn’t go up


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[Charlie Farley]

Its all the evil property "flippers"in the market place now, just wiping out the market.

 

[AlS3BE]

Try living in Hertfordshire mate can get f*** all for 185k my way.

About 8 years ago me and the mrs wanted a bigger place and house hunting for a 3 bed house with a driveway was around 350k which was out our budget so ended up staying and got an architect to redesign the whole place but now if I want a house I won’t get any change out of half a mil. Our flat is worth over 300k now which I think is ridiculous if someone was to buy it. Then my studio flat I rent out is about 150k+!!!!!

I feel sorry for people now wanting to get on the ladder. When I bought my first place I couldn’t afford anything in north London where I grew up and back in 2006 a 1 bed flat was around 160k and back then my parents said that’s well over priced. I couldn’t afford to move back now and my mates said I was mental getting a mortgage at 24. But there all pushing 40 and still living at home think prices wouldn’t go up


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Use to travel to London a lot for work and no way I could afford anything near there.
I remember out having lunch with my old boss and had to take a second look walking past an estate agent near the office. I though a flat was £14000 which was dirt cheap for the area then realised it was £14k pm rent. Even some of the older guys I know there bought a house dirt cheap 40 odd years ago and now sitting on a property probably worth over a million.

 

[Charlie Farley]

This property "flipping " is rife around my neck of the woods, people buying houses and painting a few bits then selling them on within just a few weeks for silly inflated prices.
Then you get all the local media sites like "surrey Live" etc plugging the most sought after housing hotpsots and where to buy a bargain, and then just sell on for more inflated prices, it just cant be sustained frankly.
Its a bubble that's getting just way out of control.

 

[AlS3BE]

This property "flipping " is rife around my neck of the woods, people buying houses and painting a few bits then selling them on within just a few weeks for silly inflated prices.
Then you get all the local media sites like "surrey Live" etc plugging the most sought after housing hotpsots and where to buy a bargain, and then just sell on for more inflated prices, it just cant be sustained frankly.
Its a bubble that's getting just way out of control.

bubble will burst. I bought a house just before the financial crisis and the value plummeted within a year and now after 13-14 years it’s worth £40-50k more than what I paid. Some of the houses in my street had gone up that much in the last 2 years.

 

[Raiden]

Use to travel to London a lot for work and no way I could afford anything near there.
I remember out having lunch with my old boss and had to take a second look walking past an estate agent near the office. I though a flat was £14000 which was dirt cheap for the area then realised it was £14k pm rent. Even some of the older guys I know there bought a house dirt cheap 40 odd years ago and now sitting on a property probably worth over a million.

My Grandad and nan paid 24k for their house in North London in 1995. I’d hate to think what it goes for now


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[Alistair D]

Its all the evil property "flippers"in the market place now, just wiping out the market.

Yeah, a house near me was sold for £360k at the tail end of last year.....now on the market for £540K.
Don't know if the bubble will burst anything like 2008, that was mainly down to greedy bankers and mortgage lenders, but hopefully will slow down.
I've got neices and a nephew in their early 20s that might need to go to the Bank of Mum and Dad to get on the property ladder.
30 odd years ago my dad gave me advice that I should have listened to "propery will never go down in value"

 

[AlS3BE]

My Grandad and nan paid 24k for their house in North London in 1995. I’d hate to think what it goes for now


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£24k won’t get you a garden shed nowadays.
in the right area that’s a gold mine now

I've got neices and a nephew in their early 20s that might need to go to the Bank of Mum and Dad to get on the property ladder.

Bank of mum and dad is closed for business if my kid asks me for money.
to be honest with rising costs like fuel not just for cars but homes too and general rising living cost the bank of mum and dad is skint and isn’t gonna be very helpful.

 

[RS3 S.]

I think Covid has done a lot to push up house prices. People stuck in tiny boxes during lockdown now want more space/garden etc. Was watching a program on the tv last week & property in Scotland were you place an offer on property they were saying you need to place a bid at least 20% over the stated price to even be in with a chance of getting it,+ unless you are a buyer they also stated your chances are slim to zero.

 

[ninjag]

Probably get a lot of Landlords/Companies buying up property to rent out via AirBnB etc as well.

 

[Charlie Farley]

I've just seen this on surrey live, stupid prices really but no real surprise.
I can narrow down that list into 3 categories.
Oxshott is premier league footballer and wag territory , anything in Virginia water / Wentworth will be Russian oligarchs now and Weybridge is celebs and estate agents zone.

many, many moons ago I used to work for a very wealthy family on west drive , Wentworth and property is in a different league to be honest.

Anyway , i'd still live in the highlands.

 

[Alistair D]

I've just seen this on surrey live, stupid prices really but no real surprise.
I can narrow down that list into 3 categories.
Oxshott is premier league footballer and wag territory , anything in Virginia water / Wentworth will be Russian oligarchs now and Weybridge is celebs and estate agents zone.

many, many moons ago I used to work for a very wealthy family on west drive , Wentworth and property is in a different league to be honest.

Anyway , i'd still live in the highlands.
View attachment 244382

I think I could just about stretch to Jodie's box

 

[Charlie Farley]

I think I could just about stretch to Jodie's box

lol...

 

[AndyT306]

new builds have slowed down due to material shortages... less new houses means less used houses

as people are switching to working from home their needs have changed, pre-covid my house was worth 320k, just sold it for 375k