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Who's Not In The Real World?

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A quarter of a mill to live in Bungay?

No. Not in the real world at all :D

Ageed - but I was refering to the price increase from 2007 to tadays asking

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You are the potential buyer

you decide the price paid

there is no queue to buy it.

house prices are falling , and have done without a break for so long I have lost count.

Land registry says house prices (norfolk ) continue to fall. and without a break.

He has the right to ask what he wants for his house. You have the right not to buy. The worst of all this is that the property market is so screwed that buyers are dumbfounded, and owners are terrified. The more recently you bought, and the more "home improvement " money you have spent , the more you will be up against it.

Imagine this scenario, which is feasable. The buyer in 2007 meets a girl, they both have good jobs, they get married, buy a BMW, and the house, and put the lot on a 110% mortgage. Man loses job, wife leaves man, man owes £240,000. What price would man have to sell for? The issue here is that if vendor has to ask a certain price, (note the words "has to") , then you, being wise , ignore the advert. If you are stupid, you fall for it. There are loads and loads of detached properties available in the area for less. Why on earth would anyone buy a semi for this price, when detached are cheaper,unless they like listening to neighbours.

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