Friday, Sep 19, 2008
I think the market is losing more than 10 % per year...
Allsop: Auction
Here the result of latest Alsopp auction, they sold this four bedroom for 289.000, Charles Church asked me, for the same house, two year ago 480.000 pounds ridiculous ... we're on about 40%... another interesting point is that the house is a former showhome brand new, in a posh place in Milton Keynes (that should be the fourth city not affected by recession.... I suppose the property crises is bigger than what we read...
Cheers
Mario
Posted by mario @ 05:53 PM (511 views) Add Comment
2 Comments
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1. titaniccaptain said...
nice posting mario....i think we are looking at 60 to 80% drop by the end of this...many will say that im talking nonsense but i know that there is nothing to stop this....
2. plato said...
Quite agree mario. It's like a taboo or an admission of guilt to go over 10%. I meet with this every week and find that in every case people have agreed a sale between 20-30% less than their asking price (not their original valuation either). Also they haven't actually signed contracts yet in many cases. This 10% figure is pure fiction.