999house Posted July 15, 2017 Share Posted July 15, 2017 Seeing lots of empty flats in Reading with reductions as landlords get desperate. 1,000 a month used to be the norm for a decent place... http://www.rightmove.co.uk/property-to-rent/property-45487516.html This guy is willing letting for 80% of market value apparently. Quote Link to comment Share on other sites More sharing options...
Rave Posted July 15, 2017 Share Posted July 15, 2017 It's a HA flat by the looks of things? Hence the 80% of market rent and min/max income stuff. Quote Link to comment Share on other sites More sharing options...
dougless Posted July 15, 2017 Share Posted July 15, 2017 I can't imagine why anyone would choose to live there if they had any choice. Its in the middle of a major set of road intersections, effectively its on a roundabout. Quote Link to comment Share on other sites More sharing options...
kibuc Posted July 15, 2017 Share Posted July 15, 2017 46 minutes ago, 999house said: Seeing lots of empty flats in Reading with reductions as landlords get desperate. 1,000 a month used to be the norm for a decent place... http://www.rightmove.co.uk/property-to-rent/property-45487516.html This guy is willing letting for 80% of market value apparently. I think we need to discuss the meaning of "market value" again. Market value is the price that your goods of services achieve in an open market. Hence, selling below or above it in the open market is technically impossible. Class dismissed. Quote Link to comment Share on other sites More sharing options...
Oxtrader Posted July 15, 2017 Share Posted July 15, 2017 It is indeed on HTB [Help to buy] Scheme, not available for all buyers. @dougless I'm not from Reading but that does look pretty central. A single young professional wanting to live the Reading nightlife? Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted July 15, 2017 Share Posted July 15, 2017 (edited) 47 minutes ago, kibuc said: I think we need to discuss the meaning of "market value" again. Market value is the price that your goods of services achieve in an open market. Hence, selling below or above it in the open market is technically impossible. Not impossible - if you had an proceedable offer at the higher price but gave a discount on that price ... but the spirit is right, if this is the highest proceedable offer then it is by definition the market value. Edited July 15, 2017 by goldbug9999 Quote Link to comment Share on other sites More sharing options...
maverick73 Posted July 15, 2017 Share Posted July 15, 2017 A country full of apartments, that are not attainable to it residents results in one thing..... how low does the value have to go before the bees are attracted to the honey. Quote Link to comment Share on other sites More sharing options...
Upabove Posted July 15, 2017 Share Posted July 15, 2017 Just on my way back from a visit to Reading. Interestingly there were signs up all across the place proclaiming " I buy houses! Fast cash!" Not seen that before, distressed sellers starting to appear on the market. Quote Link to comment Share on other sites More sharing options...
Tapori Posted July 15, 2017 Share Posted July 15, 2017 6 hours ago, dougless said: I can't imagine why anyone would choose to live there if they had any choice. Its in the middle of a major set of road intersections, effectively its on a roundabout. Something something crossrail Quote Link to comment Share on other sites More sharing options...
HairyOb1 Posted July 15, 2017 Share Posted July 15, 2017 I can see its attraction for some people. Most of the people I have met whilst working in London, live out that way, or out east, south east. Not many live in London, including 90k a year professionals. I do think London is priced out for most folk. However, I work West London, on Oxford street, for my latest client, and it's about a 25 min walk from Paddington, so that flat is about 1.5 hours from Oxford street, which makes it appear attractive to be honest. I currently use a hotel in wembley, which takes me about 45 mins into my client office at about £260 a week. Give me a 1 bed in Reading that is that close to the station for about £400-500 and I'd be interested. Quote Link to comment Share on other sites More sharing options...
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