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George

New Prices! Reductions! Two Ea's?

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Today where there is a glut of flats for sale on a new development, I saw another sign stuck on top of the "For sale" it read "New Price", in purple lettering. I've also noticed quite a few houses with two for sale signs up, and others with "Reduced". Barrat have "Ultimate offer". Pfft - going pear shaped imo. Ill post some photos soon.

Edited by George

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I've also noticed several properties with two EA boards, seemed alien to me as I have never witnessed this before. Smacks of desperation but why are the agents agreeing to this? It's not the sellers but they buyers they have to pander to now! The last thing they need is another property on their books which they have to advertise for weeks and weeks with only a 50% chance of getting any commission.

I suppose the sellers are giving each EA a lump sum in hand rather than signing sole agency agreements. The harsh cold reality is beginning to hit those who have overstetched themselves and the greedy want out. People are panicking and quite rightly so!

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  • 301 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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