Stability not bubbles in housing market

A house like, anything else, has a definite value. With a house, however, location is the real determining factor.

All houses advertised should have a fixed selling price — complying with their location, simply, their true value. I.e. Price €280,000. The first viewer that decides to buy and pays the necessary deposit is the owner. No messing!

Buying a house by auction or tender is an unpredictable price that fluctuates, not its true value, and is a gamble best left to the rich. A Government appointed professional valuer and surveyor should stipulate a maximum price guideline for each area, updated yearly. Potential buyers would then have some idea of the cash or mortgage required well in advance. It would certainly stabilise prices. A a couple could be in the process of arranging a mortgage or cash for a specific house they had made enquiries on, and be told when they get back to the agent there was a further bid of €20,000 or, maybe more, since. A horrible way of treating a young couple making the biggest deal in their lives.