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The Sunday Times Home Section Cover Story

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Can't post a link for obvious reasons but got the paper version. Cover story is focusing on prime country property price reductions. Double page centre spread. Lots of pics of nice houses with how much they are down by.

Some moron had his 10 bed country house shit loads of land. Been on the Market early summer for £11m reduced to £9m, the fool says £11m is "it's proper price" but the wife wants to move now so "someones going to get lucky" if it was up to him he'd wait for the top price. Bought in 99 for 3.5 although sounds like they've impoved it and bought extra land.

It goes on to talk about several more nice reductions. Has an estate agent from Norfolk admitting "prices are down 10% - 15% and I've a feeling they will be coming down more this winter and early spring"

A buying agent says he has seen more price reductions this autumn since as far back as 1998.

All in all quite a good bearish article. Although at the end that had to add that a Cotswold farmhouse went on the Market last month at 950k guide price had 30 viewings and sold for 1.25m.

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Some moron had his 10 bed country house shit loads of land. Been on the Market early summer for £11m reduced to £9m, the fool says £11m is "it's proper price" but the wife wants to move now so "someones going to get lucky" if it was up to him he'd wait for the top price. Bought in 99 for 3.5 although sounds like they've impoved it and bought extra land.

So in purely financial terms its worth maybe 5, tops?

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In 2003 I went to view one of these houses that was featured in this article. It was/is a nice house and it later sold for asking price and it is now on for 2 x the price it sold for in 2005 - even after being reduced.

I expect further more substantial reductions.

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Can't post a link for obvious reasons but got the paper version. Cover story is focusing on prime country property price reductions. Double page centre spread. Lots of pics of nice houses with how much they are down by.

Some moron had his 10 bed country house shit loads of land. Been on the Market early summer for £11m reduced to £9m, the fool says £11m is "it's proper price" but the wife wants to move now so "someones going to get lucky" if it was up to him he'd wait for the top price. Bought in 99 for 3.5 although sounds like they've impoved it and bought extra land.

It goes on to talk about several more nice reductions. Has an estate agent from Norfolk admitting "prices are down 10% - 15% and I've a feeling they will be coming down more this winter and early spring"

A buying agent says he has seen more price reductions this autumn since as far back as 1998.

All in all quite a good bearish article. Although at the end that had to add that a Cotswold farmhouse went on the Market last month at 950k guide price had 30 viewings and sold for 1.25m.

you see, banksters are allowed to mark to model, why cant he?

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Can't post a link for obvious reasons but got the paper version. Cover story is focusing on prime country property price reductions. Double page centre spread. Lots of pics of nice houses with how much they are down by.

Some moron had his 10 bed country house shit loads of land. Been on the Market early summer for £11m reduced to £9m, the fool says £11m is "it's proper price" but the wife wants to move now so "someones going to get lucky" if it was up to him he'd wait for the top price. Bought in 99 for 3.5 although sounds like they've impoved it and bought extra land.

It goes on to talk about several more nice reductions. Has an estate agent from Norfolk admitting "prices are down 10% - 15% and I've a feeling they will be coming down more this winter and early spring"

A buying agent says he has seen more price reductions this autumn since as far back as 1998.

All in all quite a good bearish article. Although at the end that had to add that a Cotswold farmhouse went on the Market last month at 950k guide price had 30 viewings and sold for 1.25m.

Errrm not disagreeing or anything but the "moron" is Peter de Savary, whom you might want to google. He has rather a successful track record in "buying when the blood is in the streets" and is quite difficult to write off as a moron.

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Errrm not disagreeing or anything but the "moron" is Peter de Savary, whom you might want to google. He has rather a successful track record in "buying when the blood is in the streets" and is quite difficult to write off as a moron.

Unless you are being really sarcastic he went bust after buying just before the crash.

However, in the early 1990s economic downturn his empire collapsed with serious debts – he sold both Land's End and John o' Groats in 1991 for an undisclosed sum to businessman Graham Ferguson Lacey, and 14 of his companies were wound up between 1992 and 1994, with a combined shortfall to creditors of £715 million.[2]

http://en.wikipedia.org/wiki/Peter_de_Savary

Edited by northwestsmith2

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Errrm not disagreeing or anything but the "moron" is Peter de Savary, whom you might want to google. He has rather a successful track record in "buying when the blood is in the streets" and is quite difficult to write off as a moron.

It was merely a derogatory comment. With no reference to his personal achievements.

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  • 141 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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