over50needhep Posted October 10, 2017 Report Share Posted October 10, 2017 I'd just got to the point where I'd got enough of deposit to buy a nice three bed house in a not too bad area, and suddenly someone anounced the bridge tolls were coming down. Now every decent house I go for I'm being out bidded by people from Bristol. EA valuers see this as their ideal opportunity to put what previously were only a 3 months ago £115k properties on the market for £135-£140k. Seems that Bristol people are aware of Newport now and I've been in several bidding wars on properties that are barely worth £115k but am being told that Bristol people have offered 20% more than guide price. Anyone else out there since this? I've pulled out now having offered guide price because otherwise it'll inflate the market still further but it is clear that things are flying off the shelves. Quote Link to comment Share on other sites More sharing options...
pmgdawau Posted October 11, 2017 Report Share Posted October 11, 2017 can't you get a bridging loan ? guess it's supply and demand until mortgages get more expensive. Quote Link to comment Share on other sites More sharing options...
anonlymouse Posted October 11, 2017 Report Share Posted October 11, 2017 Must have been the removal of the tolls on the Severn Bridge? Quote Link to comment Share on other sites More sharing options...
Mooping Posted October 23, 2017 Report Share Posted October 23, 2017 It will be funny if they don't remove the tolls. It's not certain. Welsh secretary Alun Cairns blows a lot of hot air without much substance. Quote Link to comment Share on other sites More sharing options...
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