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kenny dalglish

Why Greed Doesn't Pay

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I see a lot of this...

http://www.rightmove.co.uk/property-for-sale/property-26349406.html

started out at 330 and with a series of progressive drops it is now down to 265. The problem is that when it starts to go into free-fall, people actually lose interest because they are suspicious as to why the price has dropped so much, so they stay well clear and hence it drops further. Had they marketed it for a sensible price in the beginning they would have shifted it by now.

Certainly where I am I see all too much of this...

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I see a lot of this...

http://www.rightmove.co.uk/property-for-sale/property-26349406.html

started out at 330 and with a series of progressive drops it is now down to 265. The problem is that when it starts to go into free-fall, people actually lose interest because they are suspicious as to why the price has dropped so much, so they stay well clear and hence it drops further. Had they marketed it for a sensible price in the beginning they would have shifted it by now.

Certainly where I am I see all too much of this...

I appreciate that this isn't your point however the average income in Teignmouth (2010) is £32,392**. 3.5 x £32,392 is £113,372.

As an "above average" house this should be on the market for £180,000 - £200,000

Still a way to go my friend.

**

http://www.peoplesrepublicofsouthdevon.co.uk/2010/01/27/whats-the-average-income-in-your-area-in-devon-figures-revealed/

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  • 284 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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