22,000 this morning at 7.30am

And counting!!!!!!!

Belfast in isolation is still below late November figures. The longer term trend is starting to indicate an increase in the 100-200k bracket correlating to a fall in the 200-300k. You no doubt recall that the opposite was true until april last year. What is so far true is that the trend back down in price is less than 10 times as steep.

22,057 now and counting!!

22,060 now and counting!

Today we have 79,287 properties listed.



...or am I not looking it up properly???

You're not looking it up properly.

Currently 22,147

I think that might be the total of all listings in NI, ROI and abroad for sale and rent.

what filters am I supposed to be putting in then????

Dont be sad subby

Go to Propertynews
click on home search
region NI at bottom of page click search now
(at present page comes up with about 26329 matches)
Now tick the for sale/rent box

click refine search

(at present page comes up with about 22118 matches)

add to favourites. always make sure the for sale box is ticked or you get the sale agreeds added in. Nowadays I suppose they cant be relied on either with sales falling through.

Its only a rough idea anyway - most of us highlight our own preferences for a house /area/ price and keep an eye on how many come on the market within those parameters.

Good grief 22380 when I just looked at 11am Sunday.

30,000 by May/June anyone? Once all the BTLers and Investors pile in at once when the CGT is reduced

..if it goes ahead: http://www.telegraph.co.uk/news/main.jhtml.../18/ncgt118.xml

My head's splitting from reading all these linked articles! so much information... need Groundhog Day.....

Today (Tues 22nd Jan) at 9am there were 22,656 listed on there so 276 properties were added to yesterday. Those EA data inputters must have been working like mad getting all the info in there.

276 is a heck of a lot to add in one day don't you think? Will be interesting to see how this figure changes over time as more and more comes on to the market.

Do you hear the sound of pips squeaking?

Is the sudden crash of the stock market frightening BTLs?

Could be - and I notice that Propertynews have now added the £125k property value into their search engine criteria. Maybe they have had to adjust their search engine to cover more and more property that is coming onto the site within the 120 - 130k bracket? Then again 125k is the upper threshold for avoiding stamp duty so that may be the reason for the 125k being there.

I wonder how long it will be before we start seeing 5k increments added into the search criteria eg. 135k, 145k, 155k etc. Surely it can't be far off.

Hmmm - something fishy is going on with PN.com's database. That 22,656 figure has now "readjusted" itself downwards to 22,323. All those new properties that were added this morning have (as of 11am) been removed. I wonder what is going on?

They might have finally got rid of a load of ones that shouldn't still be on there - they/the agents always been ridiculously slow to remove ones that were sold in the past (as you find out when you're trying to buy); now they're probably slow to get rid of ones that are now being rented out. There's one at least in my area that has had the sold board down since before Christmas and yet was still showing on PN y'day..

Probably an element of housecleaning, and price reductions. I don't know if it can be done seamlessly or properties need temporarily removed and their prices changed before being put back online.
The other factor to consider is that in the face of falling prices some vendors will choose not to sell, believing that 300k is what their semi-D is what its worth. This will lead to only serious sellers left in the market. After all, the denial, fear and panic phase wil hit different people at different times

I agree - I think a lot of people are choosing to rent properties out for the time buying. I said somewhere else I thought that the quickly-dropping prices must surely put off some people who would otherwise have sold for CGT reasons - since it's not a short window of opportunity, i.e. sell now or CGT will go back up in May. (And again, wouldn't surprise me if the CGT changes were scrapped.) Rather than make a definite loss surely a lot of BTLers will prefer to bank on a long-term recovery, especially if on variable mtg rates and anticipating IR drops?

I just want to get sold up and take a short (boozy) holiday - weekend in London or summink - and then do some training courses for the business. (Although survival skills might be an idea..) Even if I had profit I wouldn't know what to do with it - can't make up my mind on the gold is safe v. cash is king debate. Would still love to build an eco home in the south of France and be completely off the grid, like these dudes:

http://www.youtube.com/watch?v=EDjjCwEo0IE
http://earthship-france.com/

...rightly or wrongly of course!

http://news.independent.co.uk/business/new...icle3359118.ece

i'm suspicious (and a bad speller)

everytime i look at propertynews it comes up with a load of random things like fields for sale, industrial sites etc...
i will not check through the 22,000 odd propereties offered - but i would like to know the acutal number of prpoerties for sale.

i would expect the numbers to drop quickly soon as people take their props off the market
(or they all get bought by those hand-rubbers)

FTSE down 5.5% in 1 day - Northern Ireland can't beat that in a month - we are hopeless

I know, you should be able to select multiple types of property, the way you can areas - or at least exclude commercial/agricultural...

and a map would be a good feature.

it's not like this technology isn't in place elsewhere.
Here in scotland the local property websites are great.

www.espc.co.uk
www.pspc.co.uk
www.aspc.co.uk

property news should get the finger out.

i'm giong to havea look at property mate now - see what's that like

This is just an indicator. There are also some properties with 2 estate agents, that have been double listed. But also consider all the estate agents in the west that do not list properties on that website.

There are several near me on with Ulster Property Sales that are not on propertynews

yes Belfast Boy - all the EAs in the west (would that be anywhere outwith of Lisburn or Newtonabbey for you?)


it's hard to actually know what the actual numbers of places on sale is - and renting is even more difficult.

the EAs are starting to get competitive w. eachother - offering free valuations etc...
looks like there may be a few going to the wall.

Neither is the house we're renting. It's been up for sale for over a month now.

Yeah, UPS have never advertised on PropertyNews, afaik

Some of their houses are there though.

So there are! Quite a few actually... I wonder did they just start that in the last year or so? There was one - and I was sure it was UPS - that wasn't included; 'cos back in '04 when myself and all my mates were looking we had to check PropertyNews and one individual agency - UPS I thought. I may have the wrong one, but I think it was them and they've started adding - maybe they're just paying to have ones they're really having trouble selling added? (I do see the irony..!)

Well apparently those EA data inputters weren't quite as busy as I had initially hoped they were - I just got this email message from the PropertyNews.com marketing department there now. That explains why the total jumped up 276 and then readjusted itself later in the day:

"Propertynews.com would like to apologise for an error which has occurred in email alerts sent this morning, Tuesday 22nd January 2008.

Due to a technical error, old properties were displayed on the website and were subsequently sent out in email alerts. These properties will now display as 'No longer available', when you click through from your email alert to view more detail.

The properties were applicable to Northern Ireland only.

Please be assured that propertynews.com has resolved this issue and will continue to keep you up to date on all properties which match your requirements, on a daily basis.

We would like to take this opportunity to thank you for your continued support for www.propertynews.com

Kind Regards,

Marketing Department
Propertynews.com"

Just had a look on the Ulster Property Sales website and there's 232 pages of property under the 150k alone!!!

Inventory has been rising well today.

Currently 22,775

I see the full total has gone over 80,000 on the front page for the first time too. Sign of the times for Ireland in general

"The process ghot ghoingh", as Gorbachev used to say.

up to 22900 now

22996 - They're just teasing us!

breaks through

22, 980

http://www.propertynews.com/results.php?s=37461305

I've noticed a few houses recently, that I have been watching have been pulled. Obviously, folks not so keen to sell if mega-prices cannot be achieved. This should mean all those left are more desperate to sell

There we are! - over 23,000

Are you really a bull on UK/NI property??

Yes I've noticed that trend too recently Vespasian. Property that I have been watching from afar has dropped off / pulled off propertynews.com recently. Two thoughts run through my mind immediately and the alarm bells are already ringing.

1. Firstly it gives the seller a chance to put the property back on the market "fresh" in the spring with an inflated (yet totally unrealistic and unsellable) price. This has the added advantage of skewing the TDGTTS weekly reports to make one think the slide is over and prices are on the up. A perceived lessening of supply actually physically visible to the average punter on the street could conceivably be manipulated using statistics to drive demand and spin PR. Watch out though 'cause this is a Bear Trap of elephant style proportions!! (IMHO) . Remember it was only a year ago that we were all told that our high house prices here were as a result of low supply and high demand. Those many "mystery" properties sitting empty and pristine, hidden from our view and held back from the market for so long have now flooded the market for sale / rent so we all know the supply / demand argument doesn't hold water any longer - it never did. Investors simply engineered the boom to their advantage to manipulate the marketplace. The recent rise in properties for sale now shoots holes in the supply/demand argument once and for all and buyers are spoilt for choice. Simply put "They (the properties) haven't gone away you know" - who is buying them? Very few judging from my experience at Wilson's Auctions last night. But I do feel that they (the properties) will (and can - by those who can afford it) be taken away from the market to give the perception that there is a lack of supply and hence drive panic buying.

2. This scenario also leaves the marketplace relatively clutter free (and strips out the background noise) for VI EA's and developers / builders to clear their back inventory while they can - possibly maximising their most opportune time to sell and get out without burning their fingers too much.

I'd really love to know who is advising sellers at present to take their houses off the market - although I have a fairly good idea myself. It does however raise the ethical conflict of interest issue once again and I know that that is an issue for that particular thread within this NI forum.

It will be interesting to see how this all develops over the next 2 months.

Love your Mr Housing Bubble image btw!

Sitting pity at 23116

More detail on the auction please!!!

lo tara you stranger

where you been hiding...or you just been lurking??

Lurking (very busy at the mo).

Hi Tara and welcome back - we've missed you. You'll find all the info you need over here on the post within the Forthcoming Property Auctions thread.

The quick link is here http://www.housepricecrash.co.uk/forum/ind...st&p=959989

Enjoy!

tHANKS, JUST READ IT. eXCITING STUFF!