Hectors House Posted August 12, 2013 Report Share Posted August 12, 2013 (edited) A friend heard from a EA today that a large 4 bed property in Derby is being reduced from £209,000 to offers around £185,000 http://www.zoopla.co.uk/for-sale/details/27436301?search_identifier=33e593051501d72c13f72e250866875a The price hasn't been changed yet on the websites. That's quite a drop, one off or start of a trend? Edited August 12, 2013 by Hectors House Quote Link to post Share on other sites
plummet expert Posted August 13, 2013 Report Share Posted August 13, 2013 A friend heard from a EA today that a large 4 bed property in Derby is being reduced from £209,000 to offers around £185,000 http://www.zoopla.co.uk/for-sale/details/27436301?search_identifier=33e593051501d72c13f72e250866875a The price hasn't been changed yet on the websites. That's quite a drop, one off or start of a trend? I doubt its a rend at the moment. At any given time there are homes having price adjustments. There are some in Sussex which have dropped £30k or more in recent weeks, but overall you can see more house sale activity and probably the beginning of rising prices here and there. There is a bit of hype in the news because more FTB are back. How long for at these prices and with falling real wages is anybodys guess. You would need a minimum 10 x average uk wages to buy a 3 bed semi in most of Sussex. Quote Link to post Share on other sites
Hectors House Posted August 21, 2013 Author Report Share Posted August 21, 2013 I doubt its a rend at the moment. At any given time there are homes having price adjustments. There are some in Sussex which have dropped £30k or more in recent weeks, but overall you can see more house sale activity and probably the beginning of rising prices here and there. There is a bit of hype in the news because more FTB are back. How long for at these prices and with falling real wages is anybodys guess. You would need a minimum 10 x average uk wages to buy a 3 bed semi in most of Sussex. I would bet that Sussex is is an overpriced area, well i know it is! So a £30K drop there isn't as comparable with whats on offer in the East Midlands. Quote Link to post Share on other sites
red73 Posted October 27, 2013 Report Share Posted October 27, 2013 I don't think it's a trend, just a house that no-one wants. Its not in a great area - inner city redevelopment. -most families would choice to spend £200k elsewhere in derby -although it's close to the hospital, investors would be looking for greater returns It close to a great Indian restruant -probably it's strongest selling point Quote Link to post Share on other sites
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