Received the "happy letter" today - IA letter, no interview required, meds booked for next Friday.

Oh happy days - a little bit closer to the light, a little bit further away from the frayed and raggedy edge !!!!

Rich.

tonight.

Congratulations mate you must be over the moon time will probably fly now until your pp request arrives

Hi Mike,

Oh yeah so happy and just hope the house sells so we don't have to sit waiting.

Rich.

Such wonderful news!! Fingers crossed that you sell your place now ....

Clare

Well done Rich_007

Good luck with the meds

Cheers, we have nothing gruesome lurking so should be plain sailing (he says hopefully).

Rich.

well done Rich, took about 3 weeks after meds for PP, so good luck, we are the same just need this house to go now.

Congratulations!

Is it getting harder to shift a house in the UK?

Yeah, things are really quiet at the mid and top end of the market. Under £120k in our area (Midlands) sells quickly but buyers are getting wiser and deals are being done at that end. Top end of the market, well really just forget it at the moment.

We have dropped price and still v v quiet after 8 months.

Hi
Not really despite the talk there is a shortage of good houses, there a quite a few houses our way going on and selling quite quick, but some do stick , but then some always did.
It's true the market isn't as bouyant as it was , but then if people are leaving the uk it won't be, but whilst it still costs appx £100 + a month more to rent than buy, there will always be a demand to buy, even if only to rent.
whilst we are on the topic, what is the canadian market like ? this i still have to research yet.
cheers
Jerry

3wks to shift ours. Guess it depends where you are in the UK.

There's no single housing market in Canada. Where are you thinking of ?

I can only speak for Calgary where houses in the NW and SW (don't know about the other 2 quadrants but would guess the same) move quickly. There always appears to be lots of new neighbourhoods being created for the growing popn.

I don’t know of any areas ware it is cheaper to buy than rent





Devon
Average Cost: £215,274Detached: £300,781Semi-detached: £196,709Terraced: £172,185Flat: £140,397 Change in last quarter: -0.3% Change in last year: 18.5% Sales: 2966

So if you take a flat at £140k monthly repayment £929.18 plus Maintenance costs buildings insurance renting is a lot cheaper

Calculate your repayments


Mortgage required(omit commas) £ 140,000
Repayment period 5-25 years(omit commas) 25 Years
Interest rate(enter 10% as 10) 6.19 %



Monthly repayment(omit commas) £ 929.18




£625 PCM
2 bedrooms
Flat
EXETER
This modern purpose built 2 bedroom appartment which is located on the popular Clyst Heath development offering easy access to Pynes Hill, Exeter Business Park and Sowton. The property is offered for rent in good decorative order with modern kitchen and bathroom, ensuite shower room to the maste...

£600 PCM
2 bedrooms
Maisonette
Valletort Road, Stoke Plymouth, PL1
Two double bedroom maisonette in an attractive street not far from the city centre
Marketed by Executive Lets, Plymouth. Telephone 0845 408 7411 (low call rate).

Hometrack John Wriglesworth Stagnation During 2005 stated in monthly reports Mr Wriglesworth is famously quoted as saying: "The idea that house prices will fall by 45% is absolutely ridiculous. There is more chance of finding Elvis on the moon than house prices falling by anywhere near that this decade."
Hometrack (London) John Wriglesworth down 5% For 2005 stated in monthly reports John Wriglesworth, BSc (Econ) MPhil, DPhil (Oxford) the Hometrack Economist, was Director of Housing Market research at UBS Ltd for seven years where he was universally acknowledged as the UK's leading housing market expert.
propertyhotspots.net Ajay Ahuja down Up to10% By end2007 Ajay has written 13 books covering the Buy-to-let subject including The Buy-to-let Bible and The Seven Pillars of Buy-to-Let Wisdom. His golden rule is location, location, location but he's still predicting a fall.
Capital Economics Ed Stansfield DOWN 20% By end of 2006 Ed is a property economist at Capital Economics and predicted that house prices would begin to fall in the middle of 2004.
Capital Economics Roger Bootle 20% Over next 2 years (PDF)page 6 Roger is one of the City of London's best known economists. As well as being Managing Director of Capital Economics, he is also Economic Adviser to Deloitte, a Specialist Adviser to the House of Commons Treasury Committee and a Visiting Professor at Manchester Business School.
The Economist Pam Woodall DOWN 20-25% (More in London) Next few years Pam Woodall, Economics Editor at The Economist thinks the kind of irrational exuberance that gripped stock markets during the tech boom is alive and well in the housing market and there could be a severe correction around the globe.
Dye Asset Management Tony Dye(Dr Doom) DOWN 30% Next 5 years Tony Dye, who correctly warned that the stock market's bull run of the late Nineties could not last, believes house prices could fall 30% over five years.
American Express John Calverley DOWN 30% Not given Mr Calverley, who successfully predicted the housing market crash of the early 1990s, argues in his book, 'Bubbles and how to survive them', that modern economies are increasingly dominated by bubbles in asset prices, be they shares or houses.
Invesco Perpetual Neil Woodford DOWN 30-40% Within next4 years Neil Woodford, who manages £6 billion at Invesco Perpetual, is positioning his funds for a sharp decrease in property prices. His forecast for house prices is for "a 30 to 40 per cent fall over the next three to four years", a fall he describes as "a healthy correction". That would bring the average property price from £153,700 today to between £92,200 and £107,600.
Durlacher David Pannell DOWN Up to 45% Next 2 years Mr Pannell forecasts that house prices are set to fall by 30% nationally, but saves his direst predictions for cities such as Liverpool.