Bit of a lurker me, watching the market, last sold 3 yrs ago to buy a business which I`m still running also have decent paid job so I have an annual income of around 60k which is superb for here, and I still cannot afford to buy. Many properties going under offer then appearing back on the market, obviously mortgages not being granted, but these properties are coming back on at fixed, at least 20k over the original offers over price. What the dickens is going on? At the moment ex council houses bought at the discount years ago for approx 16k people now expecting 130k, which is great if you have want 2 staffies on either side, a couple of a***holes, and illiterate brats of questionable parentage that look like they belong in a Terry Pratchett movie.
It is so wrong to get excited when a property comes back on and you just know something has gone wrong?

If a property doesn’t sell on Offers Over, it’s normal for it to go to Fixed Price but with an asking price in the region of what the vendors were expecting as the highest bids previously. I don’t know about Dundee, but in Edinburgh last year many flats sold for 30% or more over the Offers Over price. So if one didn’t sell and went to Fixed Price, it might have been, say, Offers Over 200K, then Fixed Price 260K, i.e. 200 + 30%.

At the moment, where I’m looking in the south of Edinburgh, there is very little on Fixed Price, but what I have noticed just recently is that when a property does change from OO to FP, the FP price is only about 10% over the original OO price. Maybe vendors are expecting more realistic offers now …

The same thing's all over the Highlands. I'm spotting them all the time thanks to Property Bee.