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There is the potential for buyers who were waiting to see what the budget had in store to have suddenly come back onto the market. A flood of bids may have been recieved by the EAs.....To me it looks like the EA's are pretty thick thinking they can ask more now. I would have expected an increase in house prices under the 317K mark, but certainly not one on the higher priced houses.
There is the potential for buyers who were waiting to see what the budget had in store to have suddenly come back onto the market. A flood of bids may have been recieved by the EAs.....
Looks like it was the latter of the two scenarios then. People often panic when something changes, the EA was obviously hoping you did in this situation.That could certainly be a reason in general. However we were the only ones who put a bid in... The only thing we could do was have a good laugh and walk away. We will see if they still ask the same medio January ....
some were holding off lest there be stamp duty changes, there wasn't so they move.
but surely people wouldn't hold off as such, they'd just structure the purchase so that any positive effects in the budget could be taken advantage of?
People were indeed holding off - you would be surprised at the number of people that wouldn't think as clearly as you plaudit
Personal opinion that houses will rise at least 5% in the next few months.
Interest rates had risen by .75% or was it 1 before any slow down came and it happened to coincide with McDowell stamp duty comments
I think you will be proved wrong as increasing interest rates limit the total amount buyers can borrow.I think i will be proved right as 1/4 of a rise is €1,250 a year (€104) a month on a mortgage of €500,000.
Vendors may also have been sitting on the fence waiting for the budget, now ready to put their property on the market in January.I also feel a lot of purchasers were sitting on fence waiting for budget -changes in stamp duty which did not materialise
if buyers are coming to market in January (they will presumably have loan approval) then this will inevitably affect the house prices in a positive manner.
Dont want to start a you said/ i said scenario but if buyers are coming to market in January (they will presumably have loan approval) then this will inevitably affect the house prices in a positive manner.
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