Has the housing market gone insane? Making offers well over selling prices

Thank goodness BoE are recognising the problem. It’s not just the sheer price of the flat that led me to post my original post, it’s the apparent decision of the buyers not to a) bother negotiating b) do any research on recent selling prices before they put in an offer, which would have told them that the price they’ve offered is 10% higher than they need to be paying…

And as night follows day 8 out of top ten companies share prices fall are house builders…….

it seems our politicians are devoid of any sense with providing environments for bubbles and short term gains. At least we seem to have a Governor of the B of E who is happy to pull the plug.

What makes growth and employment look good in uk though – keeping the builders building!