Published: 04/03/2021
Yes, it is out there. It is going on now as I write. People are viewing in their droves and offering thousands of pounds over the asking price. It feels like 2003 when ‘flipping’ was all the rage. Anyone could buy a run-down property, do it up and put it back on the market just a couple months later and make a handsome profit. So, where it isn’t as crazy as that now with increasing prices, it is going in that direction. The only difference now, all the houses whether in great condition or a bit tatty, are selling for such strong prices that there isn’t profit left for the ‘flippers’. Confidence is back and the buyers and sellers are enjoying the moment creating business and opportunity for all aspects of the housing market helping the economy. Long may it last.
