Sunday, Jul 25, 2010
In the UK, as we teeter on the precipice of a second property price bust...
Citywire: 'Home staging' is all the rage - but there are better ways to sell up
Three months of falling house prices, according to the influential Halifax index, and a recent Rightmove asking price survey suggesting that potential vendors are getting the jitters just as soon as they – in droves – list their properties, are a decent indicator of impending problems. The supply-demand imbalance that has supported the market for the past year appears to be reversing, with vendors eager to shift their homes before the new government’s austerity measures kick in. And with Home Information Packs now a thing of the past, there’s nothing to stop someone casually ‘fishing for a bite’, and driving down average asking prices in the process.
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1. sureseam said...
Competitive dutch auctions on the horizon?