In classical mythology, man’s destiny is determined by the three Fates who decide the what, the how much and the ”that’s it, lights out”. In real life, Clotho, Lachesis and Atropos (the all-girl group from Aberdare…) get a day off when it comes to real estate. I have just got back in from a valuation where the buyers paid too much for it, have spent too much on it and now won’t get their money back. Apparently, it is everybody else’s fault bar their own. I sympathise because of course, it was fate that made them pay the asking price , it was fate that made them choose the builder and it is fate that will stop them getting what they want and making a fortune. There might also be an outside chance that they made a decision as adults and it was the wrong one. In the last few days every media outlet led with the story that booming property prices are back, and one of the areas with the greatest improvement in house prices is South Wales. The other two areas of noted improvement and increased activity are the West Midlands and the North East. These three geographic regions are areas where prices are coming from an already low base in comparison to the rest of the country; so an upward curve is not entirely surprising.
If prices do increase as the experts are predicting, will house owners reap the rewards because they are property experts or simply because the three Fates have looked benignly upon them?