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Damik

Redrow - 15% Haircut - London Zone 6

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REDROW just discounted their major development in Loughton (London - zone 6) by nice 15% ...

Perhaps they have some cash flow "issues" or they just see the market tanking hard and fast ????

Are the new builds a good indicator of the market??? I think so as the developers can not just wait for couple of years. They have to sell what they build ASAP ... :)

Old price £326k:

http://www.rightmove.co.uk/property-for-sale/new-homes/property-29231258.html

http://www.rightmove.co.uk/property-for-sale/new-homes/property-28144528.html

http://www.rightmove.co.uk/property-for-sale/new-homes/property-16847367.html

New price £284k:

http://www.rightmove.co.uk/property-for-sale/new-homes/property-28790833.html

http://www.rightmove.co.uk/property-for-sale/new-homes/property-16847370.html

http://www.rightmove.co.uk/property-for-sale/new-homes/property-28790794.html

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REDROW just discounted their major development in Loughton (London - zone 6) by nice 15% ...

Perhaps they have some cash flow "issues" or they just see the market tanking hard and fast ????

Are the new builds a good indicator of the market??? I think so as the developers can not just wait for couple of years. They have to sell what they build ASAP ... :)

Old price £326k:

http://www.rightmove.co.uk/property-for-sale/new-homes/property-29231258.html

http://www.rightmove.co.uk/property-for-sale/new-homes/property-28144528.html

http://www.rightmove.co.uk/property-for-sale/new-homes/property-16847367.html

New price £284k:

http://www.rightmove.co.uk/property-for-sale/new-homes/property-28790833.html

http://www.rightmove.co.uk/property-for-sale/new-homes/property-16847370.html

http://www.rightmove.co.uk/property-for-sale/new-homes/property-28790794.html

Developers incur costs when they hold on to completed housing. Best of them to sell it. And unlike much of Joe Public, they realise that the only sure way of selling is to price a bit lower than everyone else.

And the rule is, if it isnt selling, lower your price until it does. So clearly it wasnt going as fast as they wanted.

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I don't know the specifics of this development but perhaps they're trying to get a few pioneer settlers in. Or maybe the lower price was their 'real' price and the higher one was just a 'try on' since it looks rather on the high side.

Edited by Hyperduck Quack Quack

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I don't know the specifics of this development but perhaps they're trying to get a few pioneer settlers in. Or maybe the lower price was their 'real' price and the higher one was just a 'try on' since it looks rather on the high side.

a/ it is a 3rd phase. Settlers are already in ...

b/ in 2007/8 3/4 bedrooms were for £399k ...

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Developers incur costs when they hold on to completed housing. Best of them to sell it. And unlike much of Joe Public, they realise that the only sure way of selling is to price a bit lower than everyone else.

And the rule is, if it isnt selling, lower your price until it does. So clearly it wasnt going as fast as they wanted.

Not round here! Moved to the area two and a half years ago. Several new build sites were being completed then, having been set in motion during the 'boom' (aka 'easy credit') years. The majority of those completed units have sat empty ever since.

Edited by rantnrave

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Monster twigs - worthy of a place in the twigs thread.

I'd love to know where the four people seated around that dining table put their legs. :lol:

34488_The_Broadway_1_IMG_07_0000_max_620x414.jpg

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REDROW just discounted their major development in Loughton (London - zone 6) by nice 15% ...

Perhaps they have some cash flow "issues" or they just see the market tanking hard and fast ????

Are the new builds a good indicator of the market??? I think so as the developers can not just wait for couple of years. They have to sell what they build ASAP ... :)

Old price £326k:

http://www.rightmove...y-29231258.html

http://www.rightmove...y-28144528.html

http://www.rightmove...y-16847367.html

New price £284k:

http://www.rightmove...y-28790833.html

http://www.rightmove...y-16847370.html

http://www.rightmove...y-28790794.html

Typical accomodation for the "wannabe" generation. These things need to be south of 200k, well south. 2011 is the year the sheeple love of property ends IMO.

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Typical accomodation for the "wannabe" generation. These things need to be south of 200k, well south. 2011 is the year the sheeple love of property ends IMO.

it is now the cheapest in the area ...

I also hope for sub 200k prices ....

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REDROW just discounted their major development in Loughton (London - zone 6) by nice 15% ...

Where are all the oligarchs, solicitors and bankers dying to live in Loughton?

What is wrong with the world today?!

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COMING SOON PHASE 3 OF THIS POPULAR DEVELOPMENT. DUE TO THE HIGHLOW LEVELS OF INTEREST WE HAD IN THE LAST PHASE WE ARE MAKING A SHORT LIST OF VIEWERS FOR THE SHOW HOME AS SOON AS ITS READYREDUCING THE PRICE BY 15%. CALL TODAY TO BE ADDED TO OUR LISTTO AVOID DISSAPOINTMENT.

:D

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Monster twigs - worthy of a place in the twigs thread.

I'd love to know where the four people seated around that dining table put their legs. :lol:

34488_The_Broadway_1_IMG_07_0000_max_620x414.jpg

No doubt about it, their twig game is on point. Awesome.

That table & chairs defy all laws of physics, though - like playing a game of Twister and eating your dinner at the same time. Bringing a new dimension to "hide the sausage".

That's how it goes down in the suburbs, isn't it? :blink:

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Monster twigs - worthy of a place in the twigs thread.

I'd love to know where the four people seated around that dining table put their legs. :lol:

34488_The_Broadway_1_IMG_07_0000_max_620x414.jpg

those white twigs appear to be hiding a nasty couple of cracks.

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REDROW just discounted their major development in Loughton (London - zone 6) by nice 15% ...

Perhaps they have some cash flow "issues" or they just see the market tanking hard and fast ????

Are the new builds a good indicator of the market??? I think so as the developers can not just wait for couple of years. They have to sell what they build ASAP ... :)

Old price £326k:

http://www.rightmove.co.uk/property-for-sale/new-homes/property-29231258.html

http://www.rightmove.co.uk/property-for-sale/new-homes/property-28144528.html

http://www.rightmove.co.uk/property-for-sale/new-homes/property-16847367.html

New price £284k:

http://www.rightmove.co.uk/property-for-sale/new-homes/property-28790833.html <-----

http://www.rightmove.co.uk/property-for-sale/new-homes/property-16847370.html

http://www.rightmove.co.uk/property-for-sale/new-homes/property-28790794.html

I've just spent some 10 minutes trying to find out the internal area of that 1st house ( " <--- " ), but I could not.

Not even in the fecking brochure: http://www.rightmove.co.uk/propertyMedia/redirect.html?propertyId=28790833&contentId=249691855&index=0 :angry: B@stards. But the real fault lies with the mass of stupid consumers.

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  • 312 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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