Jump to content
House Price Crash Forum

The Haart Price Reductions Thread


Van

Recommended Posts

0
HOLA441

http://www.haart.co.uk/properties/pricereduced.asp

26/01 - 913 from 9823 - 9.29%

28/01 - 1017 from 9865 - 10.30%

31/01 - 1062 from 9872 - 10.76%

03/02 - 1232 from 9930 - 12.41%

10/02 - 1321 from 10107 - 13.07%

These figures are not the total number of reductions, but the number of reductions in the last 7 days. So don't worry if the number decreases a bit, as long as there are still a healthy number of regular price cuts then the price direction is firmly down!

Edited by Van
Link to comment
Share on other sites

  • Replies 441
  • Created
  • Last Reply

Top Posters In This Topic

1
HOLA442

The reductions shown on the site to date are peanuts. Only takes off the last 6 months gains. Good start but we won’t be biting for a very long time will we boys. Golden number is 3.5 X Income or 10 X Rental income for professional landlords

Link to comment
Share on other sites

2
HOLA443

More interested in the actual number of reductions, Justice. I believe it was back in the 600's back at the start of January. The big drops will come in time, but it takes the end of denial from all vendors to start this process.

Link to comment
Share on other sites

3
HOLA444
4
HOLA445
More interested in the actual number of reductions, Justice. I believe it was back in the 600's back at the start of January. The big drops will come in time, but it takes the end of denial from all vendors to start this process.

Van,

These drops are more impressive than you give credit for:

The quoted number is for House Price Reductions within the last seven days only!!

It is a rolling average. Therefor, the total number of reductions is a lot larger (600 for the first week + 700 2nd week + 900 3rd week etc)

I have been monitoring these reductions myself, and note that the reductions are not very large - typically less than 5%, so still a bit of denial lurking there. I expect that much larger reductions will be seen in the not too distant future, when the sellers realise that these meagre reductions are not enough to entice buyers back into the market.

I agree that this thread should be pinned.

CF

Link to comment
Share on other sites

5
HOLA446
6
HOLA447

http://www.haart.co.uk/properties/finding.asp

Paragraph at the bottom

Why not take a look at the very latest properties that have come onto the market or those that will be coming soon. If you are looking for the best value take a look at our properties that have been reduced in the last 7 days .Alternatively, see the properties that are attracting the most attention on this site. After all, if every one else is looking at them, shouldn't you?

Link to comment
Share on other sites

7
HOLA448
8
HOLA449
CF, I think I read this before, but are you *sure* this is only reductions within the last 7 days?!! Where does it tell you that??

Go to the 'Finding a Property' page (See link)

http://www.haart.co.uk/properties/finding.asp

You will see there, it says:

Why not take a look at the very latest properties that have come onto the market or those that will be coming soon. If you are looking for the best value take a look at our properties that have been reduced in the last 7 days.

The "Reduced" link takes you to the page you had hyperlinked in your origonal message.

Oops, can't type fast enough, jpjh beat me to it!!

CF

Link to comment
Share on other sites

9
HOLA4410

So.. that is roughly 1 in 10 properties that have had their prices visibly reduced in the last WEEK, not to mention any sneeky reductions from relisted properties.

End of Jan = end of denial!

Link to comment
Share on other sites

10
HOLA4411
11
HOLA4412
12
HOLA4413
13
HOLA4414
14
HOLA4415
15
HOLA4416

Might as well extend this to Haarts' various brands to see how different markets are faring.

Haart: General, most of the south & midlands

Felicity J Lords: Plush London properties

Spicer McColl: London, Essex, Kent, Hartfordshire, Cambridgeshire, Norfolk, Sufolk

Bailys: East Sussex

Darlows: South Wales

Results:

Haart: 969/9837 (9.85%)

FJL: 64/780 (8.2%)

Spicer McColl: 403/3653 (11.03%)

Bailys: 9/56 (16.07%)

Darlows: 148/1940 (7.63%)

To be updated from time to time!

Link to comment
Share on other sites

16
HOLA4417
17
HOLA4418
18
HOLA4419
19
HOLA4420

I have just telephoned an estate agent in the North West on request of my sister to see if her colleague's property has sold for £135 and it has ! although I know she had to drop her price by a few thousand! I think she is very lucky to have sold it as the market is flooded around here.

I ended up chatting to the EA who wouldnt let me off the phone - every time I tried to end the call she asked me another question. Basically she frightened the hell out of me. All I wanted to know was if the property was still on the market. She kept me on the phone for 5 minutes asking how much deposit I had and who is mortgage offer with, and she could get me a better one, blah, blah, blah.

According to her property is flying off the shelves !!! :lol: and that the downturn in the market is only in London. :rolleyes: Cant believe it myself. I have been checking rightmove co uk and there is over 250 properties for sale just in my local area with more added each day. Another EA has dozens of reduced sales and no chains. Also I have lost count of the new property thats being thrown up. There are new developments everywhere! :lol:

At lunchtime I strolled around the estate agents in Manchester town centre - every one was empty. A letting agency (who I have rented from in the past) has decided to dedicate a window to sales instead of the to lets? :rolleyes:

Speaking to that EA actually made my skin crawl - yuk - doesnt fill me with hope when it comes to my turn! :o

Link to comment
Share on other sites

20
HOLA4421
21
HOLA4422
22
HOLA4423
If property is flying off the shelves, why does she have 5 minutes to spend on the phone begging you to buy? :lol:  :lol:  :lol:  :lol:  :lol:  :lol:

I know !!!

She kept chewing my ear off - then asked for my phone number. I told her I didnt have a phone. The only way I could end the call was to give her my address so she could send info out !!!!

I'll let you know how many properties are on her books - bet she has hardly any - i mean if they are flying off the shelves !!!! :lol:

Link to comment
Share on other sites

23
HOLA4424
24
HOLA4425
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...

Important Information