neil324

The best price possible. Houses that require work generate lots of interest, so they can look at lots of offers without committing. If no good offers received then maybe they will market it. I purchased by informal offer in 2005, house was on for £120K, i offered £135K cash which was accepted.In much the same condition as that house, value done up about £180k. Different market then of course. It does look a nice road and it's hard to gauge what it's worth the last time a similar house sold was no 6 in Mar 2002 for £130k assuming it needed no work. So say £30K spenk on that takes the property to around 2005 levels if you pay asking price of course. All rough figures, if your local then you know the area better. Depending how bad you want the property, that's what informal tender works on, if your position is cash etc. Good luck.

Truly sickening. Although how many have or will benefit to have an affect on prices will remain to be seen.

Erm wasn't house prices falling before Lehmans. It took a global problem to postpone it, thats all. I know plenty of people who have multiple properties who are leveraged to their eyeballs. All done through RBS. They even embraced it 110% buying property in Bulgaria leveraging their UK properties. All in their 30's, average wage.

Plenty of forced sellers though divorce,death,unemployment prices will be set at the margins.

With inflation where it is, i doubt it will taste nice.

I shouldn't feed the troll but i'm bored. Here's the forum, i use the same user name as here. http://londonbricklayers.co.uk/phpBB-3.0/phpBB3/index.php So which part of the country you from then, maybe i can post a thread on there asking if it's booming there and when i get conformation i can jump on the train with my bags packed and earn a fortune.

Right so Nationwide seasonally adjust up and Halifax down in December. That makes sense. Great start to 2011. Looks like London is holding the whole thing up, glad i don't live there. We get things sliding there it should pick up speed.

Thanks something will come up, if not will start advertising, Yellow pages etc, although reluctant to spend money advertising in the present climate. No, had experience but not enough,wet trades,bricklaying & plastering take years to prefect, some professional plasterers don't touch rendering.

The VAT increase puts upward pressure on CPI through price increases. But this should be cancelled out by the previous rise & the devaluation filtering out the figures, but it's starting to compound and snow ball. That why i doubt inflation will fall back from 4%.

Ok i have a VI in this idea. But what if the government goes on a mass house building program like the 1960's. Funded by more QE. More social housing,downward pressure on house prices,construction GDP would rocket. Unemployment figures would be helped.

A stronger Sterling would make them cheaper though. Lets see what happens with the coming CPI figures. The VAT increase from 15 to 17.5 & the devaluation are now out of the yearly figures and not only should they cancel out the VAT increase to 20% they should be putting downward pressure on CPI. Instead there is talk of 4% CPI. Dangerous game the BOE are playing, it's all falling apart regardless, but if inflation starts running away. The UK is finished. GAME OVER.

What area of construction and where in the UK are you?

Having slept on it and done the sums, it would appear not. I'm not even thinking of selling it on. It's in my target area where i want to live when all this starts to bottom out. I don't won't to be working full time and doing up a house at the same time. So i was just trying use my time usefully. I might be desperate but i'm not stupid. Saying that i fully expect it to sell. House up for £95K(offers over), same house down the road up for £140K done up. I'd imagine you would spend £20K on the property. With where prices are going the fact that a cheeky offer on the house already done up. It's close as it's for living in, but to be honest i'm not 100% about the road the house is on, if it was a different road then i would have bought it.

Why would a builder pay for your son, the labourer to do a degree when he can take his pick for free of already trained + experienced people? Being my profession, I frequent a forum for bricklayers, which covers the whole of the UK. Work is DEAD, or if your lucky to be working prices and pay are 40% down. If the brickies ain't building the walls the roofers aren't putting roofs on,plasterers aren't plastering the walls etc etc. This is what Nulabour and the banks have done to people in the UK, taken from the said forum a message posted 30 Dec 2010 poster from Glasgow. The job i went for yesterday the employer said work was tight but he kept his workers working rather than laying off, to quote 'they all have mortgages'. All his work is on domestic private housing. Job i phoned the other day, the work is national for BP, Morrisons, etc. The empylor said last year he only had enough work for 10 months out of the 12 months, but he had the lads doing the offices yard up etc rather than laying off. Maybe you live in a parallel universe though.

Went for a job interview today, 'all round builder' the guy said he had about 70 applicants as far afield as Chester, the job being in Birmingham Not exactly good pay either. Applied for another position of bricklayer/all rounder sent of my CV yesterday saying that i would do a 1 week work trial without pay to show my skills set and work ethic. This just to try and get ahead of the hundreds that will apply no doubt. The point i'm making it's grim out there. Even worse than the papers or figures are saying. Now just noticed a house in my target area come up today, needs complete renovation, it still has an outside toilet so will be viewing tommorrow if not sold already and almost certain of a cash offer going in. With this thinking i can at least keep active and spend my time doing the house up.

My area of Birmingham have noticed quite a few repo's this last month, some ok prices to. Also there was about 4/5 new build flats that was built 2006/2007, these were marketed for some time at just below what was paid in 2006/2007, one sold the rest was pulled off the market. So banks are definitely trying to manage the falls.

Not surprised Solihull being a desirable place to live.

It's quite interesting the noise from the Nationwide this week, given their monthly stats are due. I suspect there going to be flat or maybe a slight negative figure. As for interest rates, if commodity prices hold up with a falling Pound against a strengthening Dollar then pressure will be mounting to start raising in Q1 2011. All this bullish news that rates wont be rising untill 2012 etc, no one is even talking about the outside chance of an early rise, that in it's self is contrarian.

Who gives a flying...? As long as the gravy train stops, i don't care who chucks their toys out the pram, give the police something to do.

Greece boom not as big as Ireland. Surprised by the Iceland chart.

Did Greece have the same crack up boom in prices the same as Ireland though, a wild stab in the dark now...............no.