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Anecdotals from the housing market

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Didn't want this to be lost in the main board thread.

I heard an interesting anecdotal from a colleague today.

Husband viewed a house in Belfast last week, stated to agent the house was overvalued given condition, agent freely admits valuation was 6 months out of date and needs revising down, husband mentions 2005 LPS value, agent indicates they are currently valuing at 2003/4 levels, and they expect a further fall in values from now until summer 2011.

I nearly fell off my chair.

Not all doom and gloom though, apparently more FTB's searching, and BTL'ers securing sub £100k bargains.

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