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essexman

Sceptical About Rightmove Reports

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A property in my father's road - in Essex - has dropped in asking price from £300k to £225k over the past year.

It sold for £280k in November 2007.

But since the last big drop it has disappeared from the Internet - not on the Agent's site (large agent in south east England) not on Findaproperty and not on Rightmove.

But if it is not on Rightmove then it can't be included in the average asking price figure.

My question is: does anyone els have similar stories?

I'm not shouting conspiracy as there may be many reasons why it was removed - but surely removal from online advertising will make the sale harder?

This level of drop is bigger than typical drops in the area shown on property snake - which average around 6%

something doesn't make sense....

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It's not an average asking price over the period of listing or it being for sale - The Rightmove figure measures the asking price when the property is first listed, subsequent changes are not included.

* edited for more clarity

Edited by scuuzeme

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It's not an average asking price over the period of listing or it being for sale - The Rightmove figure measures the asking price when the property is first listed, subsequent changes are not included.

* edited for more clarity

So in a bear market - is the probability that the average asking price figure over inflates the true market position?

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  • 244 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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