Called my agent today to see how much one of my flats might sell for, and was amazed to find that it has increased by 53% since June 2003, and
12.5% since around June/july last year.I know this is a poll of only one, but I truly expected to hear less than June/july last year.
In message , Richard Faulkner writes
You of all people should know that it is only worth what it actually sold for.
Sell it tomorrow for cash and let us know the price you get! :-)
In message , john boyle writes
I know.. I know.. I know.. We've heard it all before
Unlike most agents, I have every reason to believe that this one wouldnt feed me any bullshit. In fact, as he is letting it for me, (along with
11 other flats), he has every reason to discourage me from selling, and to avoid upsetting me.Also, I wouldnt have posted if i thought it was bullshit.
Last words uttered by man crossing road....... "what truck?"...
Adrian Smith
In message , Richard Faulkner writes
No nastiness intended, I just couldnt resist it!
A watched market never crashes.
In the long term I trust Moneyweek. All they care about is making money. And they say that the iceberg just keeps getting bigger and bigger.
wrote
A little like the proverbial kettle?
I'll let you into a secret - neither (market nor kettle) actually depends on whether or not anyone is watching it...
Bitstring , from the wonderful person Tim said
Bishop Berkley disagrees. (I think that's the chap ..)
Whereabouts are you Richard?
In SW London all had been doom and gloom for years until last December which (according to my sexy Foxtons lady, and rather counter-intuitively) was Foxtons best month in 2005. Since then prices seem to have accelerated. Maybe not for Foxtons after their BBC episode :(
Also:
What is the effect of CGT on your investment planning? Is there any of this:
1) Prices go down. It's difficult to sell so I wait until they go up? 2) Prices go up. CGT becomes a factor and it isn't worth selling yet?BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.