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hedgefunded

I'm Seeing Some Good Reductions Here In Somerset

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Reduced from £465k to a 'guide price' of £399k, I think this will go for under £360k:

http://www.rightmove.co.uk/property-for-sale/property-24207865.html

That's not too shabby a house and I reckon it would have been £500k at the peak of the market.

This one is down from £435k to £359k:

http://www.rightmove.co.uk/property-for-sale/property-25746572.html

That's almost a 20% drop in asking price, a fairly nice house, and it ain't sold yet.

A bit of reality setting in I think.

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Reduced from £465k to a 'guide price' of £399k, I think this will go for under £360k:

http://www.rightmove.co.uk/property-for-sale/property-24207865.html

That's not too shabby a house and I reckon it would have been £500k at the peak of the market.

This one is down from £435k to £359k:

http://www.rightmove.co.uk/property-for-sale/property-25746572.html

That's almost a 20% drop in asking price, a fairly nice house, and it ain't sold yet.

A bit of reality setting in I think.

This is my neck of the woods. I think they tried renting out the first one for around 3 weeks (??). Remember seeing the second one come one and thought it was WAAAY overpriced. Starting to look a little more reasonable now though. Also, plenty of 'for sale' boards sprouting up all over the place and price reductions starting again. No rush to buy here ;)

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Hmmm

We're a bit north of you in Burnham on Sea,

We saw this place come on rightmove on friday

http://www.rightmove.co.uk/property-for-sale/property-15670362.html

Sunday morning we went on a look over the garden gate rece, and decided that we would like to look inside. By the time we got home on sunday afternoon, it had gone sstc, check it out with property bee.

It seems that anything that is 'decent' and 'reasonably' priced still gets collared straight away.

Edited by RDW

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Hmmm

We're a bit north of you in Burnham on Sea,

We saw this place come on rightmove on friday

http://www.rightmove.co.uk/property-for-sale/property-15670362.html

Sunday morning we went on a look over the garden gate rece, and decided that we would like to look inside. By the time we got home on sunday afternoon, it had gone sstc, check it out with property bee.

It seems that anything that is 'decent' and 'reasonably' priced still gets collared straight away.

There's no guarantee that it will sell. An awful lot in Essex where I am goes back to available after a few weeks STC. I think it's upsizers/downsizers forming chains but with no first time buyers to complete the chain it collapses.

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I love the close up of the house number and the flower in the second example. Tells you so much about the house........ :rolleyes:

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A bit south of you - Lyme Regis.

A woman at work was told by EA to market house at £170,000. The same EA phones 2 weeks later and suggested she dropped by £10,000.

She still has no viewers and this is supposed to be boom time!

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I thought prices were falling in Somerset / Wiltshire area - except for top-end luxury homes, which are in a market of their own.

But a semi-det bungalow near me has just gone on the market at about 10% above what would have been the going price at the 2007 peak.

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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