‘Property is always a good investment, isn’t it?’ ‘I’d rather invest in my house/another house/a flat’. ‘If I let it out it will be like a pension, won’t it?’ ‘Stocks and shares go up and down all the time, house prices always go up’
Phrases which fall into the ‘If I had a pound for every time…’ category for us. So why have nearly two thirds of homes put on the market this year not sold? ‘Well, sometimes it can take a while to find the right buyer’.
No. The reality is that everything will sell if the price is right. But in the minds of both sellers and agents, they’re worth what the one round the corner sold for last year and not a penny less.
If the property market had to function like the stockmarket, with buyers and sellers matched every hour of every day, then, my goodness, wouldn’t there be some peaks and troughs.
