Saturday, Feb 23, 2008
Rightmove says 3.2% rise in Feb..True!!
Rightmove house prices: Rightmove house price report Feb 2008
Am looking to buy a 400K-ish two-bed in zone 3/4 W or SW postcode in London, as baby due in 6 mths. Did one round last Nov and one last week -to discover the asking prices had indeed moved up, by nearly 5-10% BUT only bcos sellers know they have little option but to sell at (sometimes) double digit discount to asking price. So Rightmove's 3.2% headline rise in Feb is yet another 'statistical' ploy by yet another in the 'estate ecosystem' to breathe life in a falling market. In fact, tho most agents were putting on the usual brave story of good demand, bonus time etc - we saw examples of actual drops of 5-8% in asking price by time-bound sellers. And yes, even for decent period property in good locations, Draw ur own conclusions.
Posted by roy @ 10:57 PM (134 views) Add Comment
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