| Gazumping is back .......sit tight 10:00 - May 26 with 3558 views | JACKMANANDBOY |
Gazumping means the market is over heating, if you are thinking about buying a house sit tight prices will fall.
https://www.bbc.co.uk/news/uk- |  |
| |  |
| Gazumping is back .......sit tight on 14:01 - May 26 with 2578 views | jack_lord |
A house on our street sold the weekend it was marketed a couple of weeks ago. The estate agent price was "offers over" and it went for 30 grand more. I used to laugh at the offers over statement. |  |
| |
| Gazumping is back .......sit tight on 14:28 - May 26 with 2554 views | Groo |
I'm hoping to be selling later in the year, hope the collapse comes after I sold. |  |
| Groo does what Groo does best |
| |
| Gazumping is back .......sit tight on 14:40 - May 26 with 2537 views | trampie |
Land and house prices in Wales have risen dramatically in the last 6 months/year. |  |
| |
| Gazumping is back .......sit tight on 15:01 - May 26 with 2523 views | jack247 |
I wouldn’t be so sure this time. Prices may fall eventually, but this is a result of the explosion of people working from home, that was probably coming anyway, but Covid has massively expedited.
Why live on the M4 corridor and spend 2 hours getting in and out of London each day, when you can get a much bigger, better and cheaper house by the coast in Pembrokeshire for half the price?
Not saying prices won’t crash, but this isn’t the same as house price surges we’ve seen in the past. |  | | |
| Gazumping is back .......sit tight on 15:35 - May 26 with 2497 views | jack247 |
| Gazumping is back .......sit tight on 14:40 - May 26 by trampie |
Land and house prices in Wales have risen dramatically in the last 6 months/year. |
They have all over the UK. Can’t see that changing until demand stops exceeding supply. | | | |
| Gazumping is back .......sit tight on 15:40 - May 26 with 2490 views | Catullus |
| Gazumping is back .......sit tight on 15:01 - May 26 by jack247 |
I wouldn’t be so sure this time. Prices may fall eventually, but this is a result of the explosion of people working from home, that was probably coming anyway, but Covid has massively expedited.
Why live on the M4 corridor and spend 2 hours getting in and out of London each day, when you can get a much bigger, better and cheaper house by the coast in Pembrokeshire for half the price?
Not saying prices won’t crash, but this isn’t the same as house price surges we’ve seen in the past. |
I've seen news stories about this. A lo of people in relatively well paid jobs can now work from home. The result is as you say, they are loking for a little slice of heaven away from the rat race.
House prices have apparently risen sharply,
https://www.which.co.uk/news/2
I'm not sure it's gazzumping if they ask for offers over, it's just the highest bid wins and some people are making silly offers hence the percentage rise. I'm so glad we found and bought this house when we did! It's our forever home, unless I win the lottery  | |
| |
| Gazumping is back .......sit tight on 16:58 - May 26 with 2458 views | builthjack |
A friends neighbour put her house on at 220k yesterday. It sold this morning for 265k. Not viewed. Someone from Surrey. |  |
| Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
|
| |
| Gazumping is back .......sit tight on 17:05 - May 26 with 2448 views | JACKMANANDBOY |
| Gazumping is back .......sit tight on 15:40 - May 26 by Catullus |
I've seen news stories about this. A lo of people in relatively well paid jobs can now work from home. The result is as you say, they are loking for a little slice of heaven away from the rat race.
House prices have apparently risen sharply,
https://www.which.co.uk/news/2
I'm not sure it's gazzumping if they ask for offers over, it's just the highest bid wins and some people are making silly offers hence the percentage rise. I'm so glad we found and bought this house when we did! It's our forever home, unless I win the lottery |
The Estate Agent in Caerphilly talked about Gazumping, in previous property booms this was the sign that things had overheated. | |
| |
Login to get fewer ads
| Gazumping is back .......sit tight on 17:09 - May 26 with 2444 views | JACKMANANDBOY |
| Gazumping is back .......sit tight on 16:58 - May 26 by builthjack |
A friends neighbour put her house on at 220k yesterday. It sold this morning for 265k. Not viewed. Someone from Surrey. |
265K just a smaller bonus in investment banking. | |
| |
| Gazumping is back .......sit tight on 19:43 - May 26 with 2405 views | jack247 |
| Gazumping is back .......sit tight on 17:05 - May 26 by JACKMANANDBOY |
The Estate Agent in Caerphilly talked about Gazumping, in previous property booms this was the sign that things had overheated. |
100% correct.
The difference is this isn’t quite like previous property booms. It’s deurbanisation on an unprecedented scale.
I’m sure there will eventually be crash and prices will drop, but I don’t see that happening any time soon. | | | |
| Gazumping is back .......sit tight on 20:35 - May 26 with 2387 views | trampie |
Property and land in the Welsh countryside has gone through the roof price wise.
Last year I offered the full asking price for land which was not accepted because of the huge interest the sellers were receiving, I ended up bidding against another party up to 50% more than the original price before I called it a day, the way prices have gone up in this area I should have carried on bidding, it was not an auction or nothing like that just a regular sale through an estate agent, massive price rises in some parts of Wales. | |
| |
| Gazumping is back .......sit tight on 20:50 - May 26 with 2372 views | jack247 |
| Gazumping is back .......sit tight on 20:35 - May 26 by trampie |
Property and land in the Welsh countryside has gone through the roof price wise.
Last year I offered the full asking price for land which was not accepted because of the huge interest the sellers were receiving, I ended up bidding against another party up to 50% more than the original price before I called it a day, the way prices have gone up in this area I should have carried on bidding, it was not an auction or nothing like that just a regular sale through an estate agent, massive price rises in some parts of Wales. |
Of course it has. As I said earlier, why would people who can suddenly work from home continue living in Slough when they can sell up get a bigger house in Saundersfoot with a big chunk of change?
It’s gone through the roof in Devon, Cornwall, the Peak District, Cotswolds etc too.
It’s rising everywhere, but more sharply in the traditional staycation/s holiday home places. | | | |
| Gazumping is back .......sit tight on 20:52 - May 26 with 2359 views | onehunglow |
| Gazumping is back .......sit tight on 20:50 - May 26 by jack247 |
Of course it has. As I said earlier, why would people who can suddenly work from home continue living in Slough when they can sell up get a bigger house in Saundersfoot with a big chunk of change?
It’s gone through the roof in Devon, Cornwall, the Peak District, Cotswolds etc too.
It’s rising everywhere, but more sharply in the traditional staycation/s holiday home places. |
Right here,we are losing some prime green belt land which is being developed for thoe willing to pay 7 figures for a houe.I wouldnt say it' s affordable,not for us anyway.
We are short of housing nationwide and it's a big issue | |
| |
| Gazumping is back .......sit tight on 21:05 - May 26 with 2353 views | jack247 |
| Gazumping is back .......sit tight on 20:52 - May 26 by onehunglow |
Right here,we are losing some prime green belt land which is being developed for thoe willing to pay 7 figures for a houe.I wouldnt say it' s affordable,not for us anyway.
We are short of housing nationwide and it's a big issue |
There’s an excess of demand vs supply at the moment. Partly caused by big earners moving from London, Manchester, Birmingham etc to more rural areas.
That’s either going to cause a spike in property prices, or more properties being built. In all likelihood, both. | | | |
| Gazumping is back .......sit tight on 21:07 - May 26 with 2352 views | Catullus |
| Gazumping is back .......sit tight on 20:35 - May 26 by trampie |
Property and land in the Welsh countryside has gone through the roof price wise.
Last year I offered the full asking price for land which was not accepted because of the huge interest the sellers were receiving, I ended up bidding against another party up to 50% more than the original price before I called it a day, the way prices have gone up in this area I should have carried on bidding, it was not an auction or nothing like that just a regular sale through an estate agent, massive price rises in some parts of Wales. |
Green land is extremely valuable right now, everyone wants to buy green and put houses on it. Any land with planning permission is valuable,
https://www.onthemarket.com/fo
£375,000, in Bernard Street!!! | |
| |
| Gazumping is back .......sit tight on 22:20 - May 26 with 2308 views | onehunglow |
| Gazumping is back .......sit tight on 21:05 - May 26 by jack247 |
There’s an excess of demand vs supply at the moment. Partly caused by big earners moving from London, Manchester, Birmingham etc to more rural areas.
That’s either going to cause a spike in property prices, or more properties being built. In all likelihood, both. |
We are lucky here and also not.
We have much open space,some huge homes and miles of unspoilt coastline. Chuck in private schools and plenty of livery stables for Pippa to keep her horses and southerners just love to re locate here.
The M53 keeps the Plebs away so its' a win win.
Prices are a fraction of what they are in Surrey and people are smart.
The pace of life is lower here and people can basically shut themselves away behind their electric gates.
Britains 3rd airport is less than an hour away,ferry to Ireland and a 4 hour drive sees you near most points of interest in the whole Uk, | |
| |
| Gazumping is back .......sit tight on 22:39 - May 26 with 2304 views | Marcella |
| Gazumping is back .......sit tight on 22:20 - May 26 by onehunglow |
We are lucky here and also not.
We have much open space,some huge homes and miles of unspoilt coastline. Chuck in private schools and plenty of livery stables for Pippa to keep her horses and southerners just love to re locate here.
The M53 keeps the Plebs away so its' a win win.
Prices are a fraction of what they are in Surrey and people are smart.
The pace of life is lower here and people can basically shut themselves away behind their electric gates.
Britains 3rd airport is less than an hour away,ferry to Ireland and a 4 hour drive sees you near most points of interest in the whole Uk, |
Ferry to Ireland you say, why would that be a plus for the likes of you?
Surely, in your world, the ferry to Ireland is open invitation for gypsies and terrorist? |  | | |
| Gazumping is back .......sit tight on 23:55 - May 26 with 2281 views | majorraglan |
Work from home is very much order of the day, but I can see some of that changing going forward. Some of the big banks in London are instructing staff that they will be returning and Noris has made similar comments re the Civil Service.
House prices down our way have gone crackers and my kids are being priced off the market. | | | |
| Gazumping is back .......sit tight on 23:57 - May 27 with 2186 views | trampie |
| Gazumping is back .......sit tight on 20:50 - May 26 by jack247 |
Of course it has. As I said earlier, why would people who can suddenly work from home continue living in Slough when they can sell up get a bigger house in Saundersfoot with a big chunk of change?
It’s gone through the roof in Devon, Cornwall, the Peak District, Cotswolds etc too.
It’s rising everywhere, but more sharply in the traditional staycation/s holiday home places. |
https://www.walesonline.co.uk/ | |
| |
| Gazumping is back .......sit tight on 00:01 - May 28 with 2176 views | STID2017 |
Was interested in buying a house over the last few weeks.
Some houses were selling before i could get a viewing, with 7 offers on one of them
These are just ordinary houses with no parking, no front garden.
Market has gone crazy |  |
| |
| Gazumping is back .......sit tight on 00:05 - May 28 with 2176 views | Jack123 |
I'm glad I read this thread, I personally can't understand why the housing market has increased so much, with so much uncertainty in the air!
As in who knows what's round the corner, BOOM let's buy houses! It doesn't make sense to me, I feel a lot of jobs in danger. |  |
| |
| Gazumping is back .......sit tight on 06:00 - May 28 with 2131 views | jack247 |
Exactly, this is what I was saying. Rising sharply everywhere, except London where there’s always been an excess of demand over supply, but that’s now easing as people there look to move away. Hence the Slough and Saundersfoot comparison. Obviously a lot of people just move from big cities back to wherever they grew up.
It’s like a bank holiday weekend on acid, but people don’t go back. | | | |
| Gazumping is back .......sit tight on 06:41 - May 28 with 2124 views | trampie |
| Gazumping is back .......sit tight on 06:00 - May 28 by jack247 |
Exactly, this is what I was saying. Rising sharply everywhere, except London where there’s always been an excess of demand over supply, but that’s now easing as people there look to move away. Hence the Slough and Saundersfoot comparison. Obviously a lot of people just move from big cities back to wherever they grew up.
It’s like a bank holiday weekend on acid, but people don’t go back. |
It's risen more in Wales than anywhere else in the UK. | |
| |
| Gazumping is back .......sit tight on 09:19 - May 28 with 2093 views | jack247 |
| Gazumping is back .......sit tight on 06:41 - May 28 by trampie |
It's risen more in Wales than anywhere else in the UK. |
It relative. Six months ago, our average house price was on a par with Yorkshire and the North West. Significantly higher than the North East, but significantly lower than everywhere else in England.
I’m probably biased, but I’d expect people to want to live here over those regions at similar prices, or somewhere like Cornwall, which for me has nothing Gower or West Wales don’t (maybe a degree or two warmer) and is much more expensive.
Increased demand will drive the house prices.
https://www.gov.uk/government/
Do you think it’s a good or a bad thing? | | | |
| Gazumping is back .......sit tight on 17:48 - May 28 with 2047 views | Treforys_Jack |
A house 4 doors down from myself would have been worth maybe £140k 12 mths ago, went on the market for £185k 2 weeks ago and sold within 24hrs with zero viewings. Feel sorry for my lad, who's desperate to buy and saving hard, but this nonsense is detrimental to everyone. |  | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
