Realistbear Posted July 29, 2010 Share Posted July 29, 2010 I have been following a "typical" detached bungalow in a nice area (east of Brighton). On the market for ages at 285 and I just received an email offering it for 260k. Anyone buying now will only offer 250k to get below the tax threshold. In reality it won't shift right now for over 250. This is a big drop and right at around 10% for mid year. 20% down by Crimbo looks like a dead cert IMO. I am feeling most bouyant. Quote Link to comment Share on other sites More sharing options...
Tyler Posted July 29, 2010 Share Posted July 29, 2010 I have been following a "typical" detached bungalow in a nice area (east of Brighton). On the market for ages at 285 and I just received an email offering it for 260k. Anyone buying now will only offer 250k to get below the tax threshold. In reality it won't shift right now for over 250. This is a big drop and right at around 10% for mid year. 20% down by Crimbo looks like a dead cert IMO. I am feeling most bouyant. I'm going to put my house on at £1 million and then drop the asking price to £500K next week. That's a 50% drop in a week, by Christmas people will be paying other people to have take their houses off their hands. Hooray! Quote Link to comment Share on other sites More sharing options...
Hip to be bear Posted July 29, 2010 Share Posted July 29, 2010 I have been following a "typical" detached bungalow in a nice area (east of Brighton). On the market for ages at 285 and I just received an email offering it for 260k. Anyone buying now will only offer 250k to get below the tax threshold. In reality it won't shift right now for over 250. This is a big drop and right at around 10% for mid year. 20% down by Crimbo looks like a dead cert IMO. I am feeling most bouyant. THe RB index.......sample one bungalow............based on asking prices.............as much use as a chocolate teapot!!!!!!!! Get real RB....if you want to claim your 20% off by the end of the year you will have to hope for actual falls on the main indices (Haliwide and LR). The Nationwide fell by 0.5% today.....so only 19.5% drops required in 5 months! Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted July 29, 2010 Share Posted July 29, 2010 I have been following a "typical" detached bungalow in a nice area (east of Brighton). On the market for ages at 285 and I just received an email offering it for 260k. Anyone buying now will only offer 250k to get below the tax threshold. In reality it won't shift right now for over 250. This is a big drop and right at around 10% for mid year. 20% down by Crimbo looks like a dead cert IMO. I am feeling most bouyant. Let me know where it is and I will gazump you! Quote Link to comment Share on other sites More sharing options...
Minos Posted July 29, 2010 Share Posted July 29, 2010 I have been following a "typical" detached bungalow in a nice area (east of Brighton). On the market for ages at 285 and I just received an email offering it for 260k. Anyone buying now will only offer 250k to get below the tax threshold. In reality it won't shift right now for over 250. This is a big drop and right at around 10% for mid year. 20% down by Crimbo looks like a dead cert IMO. I am feeling most bouyant. I hope that you find somewhere you like soon so that you can enjoy some peace. Quote Link to comment Share on other sites More sharing options...
AteMoose Posted July 29, 2010 Share Posted July 29, 2010 http://www.home.co.uk/guides/house_prices_report.htm?location=brighton&all=1 A bigger sample size Quote Link to comment Share on other sites More sharing options...
Guest Noodle Posted July 29, 2010 Share Posted July 29, 2010 I hope that you find somewhere you like soon so that you can enjoy some peace. I guess RB's got Grandkids in the UK thus he stays. For a tenth of the price of that bungalow there are many much bigger bungalows available in other countries. Sat in one right now. How big is it RB, the bungalow? Quote Link to comment Share on other sites More sharing options...
catmandu Posted July 29, 2010 Share Posted July 29, 2010 Maybe they just decided that they actually want to sell it. Quote Link to comment Share on other sites More sharing options...
tomwatkins Posted July 29, 2010 Share Posted July 29, 2010 Maybe they just decided that they actually want to sell it. +1 Exactly-unless they follow all the indices day by day and know what Present Value means (and stuff like that). Errrr? No I don't think so. Quote Link to comment Share on other sites More sharing options...
non frog Posted July 29, 2010 Share Posted July 29, 2010 I have been following a "typical" detached bungalow in a nice area (east of Brighton). .... There are no nice areas east of Brighton. Prices are falling in that area due to the big sh1t processing plant that is being built in Peacehaven and the incinerator in Newhaven. Anyway it will be full of immigrants soon won't it RB? Quote Link to comment Share on other sites More sharing options...
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