Saturday, May 9, 2009

Boring....

After a short hiatus, this wkend we went looking again. Nothing much new to report. Just a few anecdotes:

a) We went to this auction in Waverton. The room was full of onlookers. Two registered bidders but the property was passed in without a bid.

b) The standard line from the agent is there are just no new stocks. Prices are holding firm because the vendors can afford to hold firm in light of tight supply.

c) We noticed that one or two properties that are currently on the market were only bought 2-3 years ago. Why are they "flipping" ?

Just boring really.....

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