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April 16 2024 12.07pm

Buying a flat now

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Tom-the-eagle Flag Croydon 12 Mar 21 11.43am

Originally posted by Tim Gypsy Hill '64

It seems you took the wrong advice.

[Link]

[Link]

Oh well, missed opportunity. I hope you still have your deposit (maybe added to it), and at least mum still irons your socks.

But you never know, this quarter may see a dramatic drop?????

You are wrong here Tim. Whilst overall the housing market has been pretty good, due solely to the Stamp Duty holiday, the demand for flats has fallen. Basically Covid meant that many people are now working from home full time and thus have been wanting to get out of flats into somewhere bigger and with outdoor space. Obviously the stats you linked to would not show this but it’s very much what has happened.

 


"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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