Gaslight
Prominent Member
What does everyone think?
We will still be oversubscribed for existing stock, that's for sure, so in some way the stabiliser, but we have needed an equaliser for a while, especially in the South East. The Cornavirus could be that equaliser.
Viewings and listings will reduce in the immediate months - long term, who knows?
Agents, after the crisis period (this could be a month, if not longer) will need to start 'earning' again, and instead of trying to get record figures for properties (capitalising on neccesity like the c^^&s they are) will be trying to get sales, quickly, maybe? Thus more realistic pricing? But will this just mean fewer listings with owners butthurt that prices have dropped?
South East is still red hot, will it see a decline in prices?
Pounds weakness against the dollar is dramatic this past week. Will this have an add on effect (i imagine it will with foreign investors) like we saw in 2008?
Would it be wise to continue with an existing purchase (especially on a new build) in a popular hotspot in the South East or hang fire and wait but knowing the housing supply is already limited?
We will still be oversubscribed for existing stock, that's for sure, so in some way the stabiliser, but we have needed an equaliser for a while, especially in the South East. The Cornavirus could be that equaliser.
Viewings and listings will reduce in the immediate months - long term, who knows?
Agents, after the crisis period (this could be a month, if not longer) will need to start 'earning' again, and instead of trying to get record figures for properties (capitalising on neccesity like the c^^&s they are) will be trying to get sales, quickly, maybe? Thus more realistic pricing? But will this just mean fewer listings with owners butthurt that prices have dropped?
South East is still red hot, will it see a decline in prices?
Pounds weakness against the dollar is dramatic this past week. Will this have an add on effect (i imagine it will with foreign investors) like we saw in 2008?
Would it be wise to continue with an existing purchase (especially on a new build) in a popular hotspot in the South East or hang fire and wait but knowing the housing supply is already limited?