kenny dalglish Posted August 2, 2011 Share Posted August 2, 2011 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... Quote Link to comment Share on other sites More sharing options...
JimDiGritz Posted August 2, 2011 Share Posted August 2, 2011 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/ Quote Link to comment Share on other sites More sharing options...
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