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The Masked Tulip

Swansea - Loughor

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I saw my ex today - she has recently spent 70K on remodelling her house and has done an excellent job IMPO. She bought the house in 1990ish for 45K so is doing OK I think.

Whilst her house was been rebuilt she rented out the house next door. It has been on the market for over a year up until recently at 175K. It has now been dropped to 135K and the owner, away in Nepal, has turned down two offers of 100K. It is a 3 bedroom semi detached terrace that needs new gas, new wiring, new kitchen, new bathroom.

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Evening Post is starting to see values dropping. I know of someone in Penclawdd who had the house on the market for 156K then down to 147K now its on at 139K. They bought at 56K in 2000.

What else do i need to say?

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I went into a few EAs again yesterday and all the ones I visited were still:

1. Extremely rude. Customer service, saying good morning seems beyond them. I would not buy a newspaper from such people let alone my most expensive purchase ever.

2. Extremely arrogant.

3. Extremely ignorant.

In reality, something that doesnt seem to exist anymore in the world of house prices in wales, that house would only be about 80k. Swansea scares me!

And I have no doubt that they will be such prices again in the next few years - probably lower.

Edited by The Masked Tulip

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  • 301 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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