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TheCountOfNowhere

400K Drop...very Nice Thanks

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http://www.rightmove.co.uk/property-for-sale/property-49123526.html

11/06/2015

Price changed: Offers in Region of £1,995,000 £1,850,000
25/04/2015
Price changed: Offers in Excess Region of £2,000,000 £1,995,000
23/02/2015
Price changed: Guide Price £2,250,000 Offers in Excess of £2,000,000
Status changed: from 'null' to 'Available'
15/12/2014
Price changed: £2,250,000
Price changed: Guide Price £2,250,000
Price changed: £2,250,000
Price changed: Guide Price £2,250,000
10/12/2014
Price changed: POA Guide Price £2,250,000
Title changed: Beechwood Croft, Little Aston, Sutton Coldfield, West Midlands Coldfield
17/11/2014
Title changed: Beechwood Croft, Little Aston, Sutton Coldfield Coldfield, West Midlands
16/11/2014
Initial entry found.

Wake me up when it's £1M+

The top end market in the west midlands is clearly crashing IMHO.

The late comers to the London mega bubble trickle have missed the boat.

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http://www.rightmove.co.uk/property-for-sale/property-49123526.html

...

Wake me up when it's £1M+

The top end market in the west midlands is clearly crashing IMHO.

The late comers to the London mega bubble trickle have missed the boat.

It's got that McMansion feel that is so beloved of footballers and ...um, footballers.

What's the betting that the next time it shows up in EA listings it'll be vacant?

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Im a bit skeptical about reading much into top end drops.

A terrace or estate home is likely to have dozens of near replicant homes, so prices will usually be in a certain range...sometimes a kite flyer somewhat above, but something like this..was never going to sell for the original asking.

http://www.dailymail.co.uk/news/article-3115586/Billionaire-slashes-12MILLION-price-stunning-mansion-546-acre-Highlands-estate-just-3million-sale.html

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Im a bit skeptical about reading much into top end drops.

A terrace or estate home is likely to have dozens of near replicant homes, so prices will usually be in a certain range...sometimes a kite flyer somewhat above, but something like this..was never going to sell for the original asking.

http://www.dailymail.co.uk/news/article-3115586/Billionaire-slashes-12MILLION-price-stunning-mansion-546-acre-Highlands-estate-just-3million-sale.html

I agree.

However, last year I saw no end of stuff like this sell for full asking almost immediately. The market fizzled out at the end of the summer, just when no end of people caught on to the "it's time to sell" idea.

This, as far as I can tell, was due to the Londoners moving out of the big smoke with a hell of a lot of unearned untaxed free money, snapping up "bargains".

I suspected that has now ended, looking at the last couple of days news on the london crashing thread I think I could be right.

Also, this is not in isolation, solihull+10 miles rightmove search is showing between 40/80% of listings being price reductions for the last few weeks now.

This must be putting massive pressure on the middle, which in turn will puit massive pressure on the lower end of the marklet.

London has been the key to a 2nd nominal price crash for a while now.

Lets face it, the asking prices over the last few months have been insane and they are only going to go one way now.

Edited by TheCountOfNowhere

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Sometimes the RM listings on here... and the asking prices of course... then all the general theme of Collective Responsibility with it... *snap*

I wonder what name they'd give me. Something silly.

Doakes: JESUS CHRIST MORGAN! YOU ARE THE BAY HARBOR BUTCHER!

Dexter: I've always hated that name.

That house needs to be blown to smithereens by a Tornado's missile.

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