Ea told me about seller today accepting an offer 45% off May Asking Price. That's 450K loss

where is this?

Hadley Wood

Bri2, are you just RB who's decided on an additional idenity?

Good question. Bri2's anecdotal's are so out of kilter with reality as to suugest he is either RB, or is on some serious drugs.

The things he is saying may well come true over the next year, but just now they seem like pure fantasy.

They're over a million at least in Hadley Wood, more typically £2m.

However I was previously under the impression the really expensive end was holding up due to (yawn) "London being awash with foreign money & City bonuses", so this surprises me too but no reason to doubt Bri's post, not known for wind-ups.

My in-laws sold their house just before last Christmas. The house is a 4 bedroom detached in Finchley Central. They had 2 valuations from Estate Agents - one for 850k and the other 800k. They put it on the market for 800k. It eventually sold for 650k.

My good friend is in the process of selling her deceased parents 5 bedroom semi, also in Finchley Central. Agent valued it at 670k over 6 months ago. No offers anywhere near the asking price yet.

Both houses are in very desirable roads.

Oh well that's it for London yet. Prices have dropped 45% in a few months and nobody can sell

The info was from a May 07 Asking price. Ea did not handle it when first listed. Hope that clarifies the information.

There is a deafening silence from IFA's bank Employees, Surveyors on here. They know that the market started crashing months ago and the information takes months to come out on completion. I posted my inside info from Ea a while back and he said 30% off Asking is what you need to deffo get a sale at the mo. Everyday that passes it sounds less of a shocker and more the status quo.

Which roads in Finchley Central?

From what I've been seeing, the best stuff is still going for close to asking price. The not quite so good stuff is sticking.

Etchingham park road - went for 680k (original valuation 850k)

The Ridgeway - did eventually sell end September for $660k - almost got the asking price but took over 6 months to sell.

You only lose out if you sell. Sometimes letting is the best idea.