Wednesday, Aug 18, 2010
How about nine in ten dropping their asking prices?
This Is Lincolnshire: One in ten homeowners may drop their asking price
Andy Hey, Lincolnshire spokesman for the Royal Institution of Chartered Surveyors, says there appears to be a large amount of homes on the market at the moment and believes that one in ten will end up dropping their price to be the one that sells.
However, Michael Noonan of Horncastle-based Remax, believes that Mr Hey is "a brave man to make such statements... There has definitely been downward pressure over the last two months, whether or not prices are actually falling or just stabilising, I wouldn't like to say. If house prices were to fall, this would be a benefit to buyers – if they could get mortgages in the first place, banks are definitely cherry-picking their clients at the moment.Getting a deposit is not easy, you only have to look at what banks are asking."
4 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. thebulltrap said...
Hmmm. Lincolnshire is an odd county - I live on the Nottinghamshire side of the Trent near to Gainsborough and prices there are very cheap compared to the rest of the country - It's a bit of a dump though - Useless transport links, full of unemployment etc.
Lincoln is slightly different, but that's still in the middle of nowhere unless you work there - I imagine the university has pushed prices up a lot, but I still think unless you seek a large detatched house on a lot of land, or love being in the countryside, Lincolnshire isn't a particularly desirable county to live in (It's my idea of bliss by the way, as far away from people as possible is my aim!).
I do suspect that the large volume of property on the market in Lincolnshire is largely down to property speculators from more affluent neighbouring counties selling up.
2. sureseam said...
The tail end of a boom grinds differentials thinner than they ought to be; and the swing back as differentials reassert can be impressive.
Lincolnshire has charms but mostly where there broadband is improbable!
3. timmy t said...
"...one in ten will end up dropping their price to be the one that sells."
What an absolutely priceless comment! The only one in ten that will sell will be the one that drops the price... Why not just say they are all priced too high?
4. Cypher007 said...
i live in Boston, and weve just taken our 3 bed semi off the market, due to a complete lack of interest even at a very low asking price. meanwhile in detached 3-4 bed land the prices have gone back to 2007 and there still selling like hot cakes, well ssc at least. i think ftb's anywhere in lincolnshire are like rocking horse doo doo, and are usually eastern europeans working in the local food factories. as to who's buying the detached stuff, i havent got a clue, probably people from outside the area either downsizing or getting rid of an expensive property with a large mortgage in another area to buy in a cheaper area too reduce there outgoings, but it will be interesting to see how many actually complete.