Jump to content
House Price Crash Forum
Sign in to follow this  
pyewackitt

Fridays Metro Newspaper - Sign Of The Times?

Recommended Posts

From Friday 20th Jan METRO newspaper....

Friday is property Ad day and todays ads made very interesting reading:

2 Foreign poperty ads

2 Shared ownership ads

15 UK property ads (mainly london/communter belt obviously)

IMPORTANTLY:

The 15 UK ads consisted of all new build properties with the following 'incentives':

2 x guarenteed rental income of 6/7%

3 x part-exchange on old flat/house

1 x 5% deposit paid

1 x 5% deposit paid + legal fees paid + stamp duty paid

2 x 5% deposit paid + up to 5K discount/cashback + legal fees paid + stamp duty paid

1 x service fees paid or legal fees paid or stamp duty paid

Some of these 'incentives' work out as over 15-20K off the price, particularly large incentives were noticeable on the 2 bed, 2 bath type properties in the commuter belt.

I haven't seen this level of aggressive marketing for a couple of years and methinks a number of developers are starting to get itchy feet and are doing anything possible to make a quick sale....

Could this be the beginning of the HPC?

- pye (HPC speculation ninja :ph34r: )

Share this post


Link to post
Share on other sites

True about the Metro, but they've been running those ads for months in London.

Paraphrasing: Buy this place (which is only a mere 45 minutes drive from anywhere you'd probably want to be) at a huge discount of 5 grand off double the price the place is worth, oh and we'll bung you some cash back over the next couple of years which is less than you'd get investing it wisely.

Roll up roll up..... :ph34r:

Share this post


Link to post
Share on other sites

True about the Metro, but they've been running those ads for months in London.

Paraphrasing: Buy this place (which is only a mere 45 minutes drive from anywhere you'd probably want to be) at a huge discount of 5 grand off double the price the place is worth, oh and we'll bung you some cash back over the next couple of years which is less than you'd get investing it wisely.

Roll up roll up..... :ph34r:

He he, nice one. :D

Exactly what it is IMO.

I like the midly patronising 'Property Detective' section where the Metro editorial team give you the benefit of their experience to demonstrate that there is affordable property out there, you just need to look!

Share this post


Link to post
Share on other sites
The 15 UK ads consisted of all new build properties with the following 'incentives':

2 x guarenteed rental income of 6/7%

3 x part-exchange on old flat/house

1 x 5% deposit paid

1 x 5% deposit paid + legal fees paid + stamp duty paid

2 x 5% deposit paid + up to 5K discount/cashback + legal fees paid + stamp duty paid

1 x service fees paid or legal fees paid or stamp duty paid

Some of these 'incentives' work out as over 15-20K off the price, particularly large incentives were noticeable on the 2 bed, 2 bath type properties in the commuter belt.

...and all of these properties, when some mug does buy them, will still enter the Indices under their full price, rather than -15 to 20K price falls. Bu ggers!

Share this post


Link to post
Share on other sites

He he, nice one. :D

Exactly what it is IMO.

I like the midly patronising 'Property Detective' section where the Metro editorial team give you the benefit of their experience to demonstrate that there is affordable property out there, you just need to look!

I think the problem lies with your shallow understanding of the issue of affordability. If you can get a house for 35K less than similiar properteis in the region then that is relatively affordable no? Then if you can get a morgage to pay for it, that is absolute affordability no? If that morgage is 10x your income then that is the optimistic spirit of Britian in the early 21st Century. If you find you are unable to eat, then use the power of self-belief to get a better job. If you can't then that is a shame but you are not believing hard enough.

Share this post


Link to post
Share on other sites

I always have a good laugh at the new build incentives in the Metro. It seems they always target Friday for them, presumably so people go and see them on Saturday.

Share this post


Link to post
Share on other sites

From Friday 20th Jan METRO newspaper....

Friday is property Ad day and todays ads made very interesting reading:

2 Foreign poperty ads

2 Shared ownership ads

15 UK property ads (mainly london/communter belt obviously)

IMPORTANTLY:

The 15 UK ads consisted of all new build properties with the following 'incentives':

2 x guarenteed rental income of 6/7%

3 x part-exchange on old flat/house

1 x 5% deposit paid

1 x 5% deposit paid + legal fees paid + stamp duty paid

2 x 5% deposit paid + up to 5K discount/cashback + legal fees paid + stamp duty paid

1 x service fees paid or legal fees paid or stamp duty paid

Some of these 'incentives' work out as over 15-20K off the price, particularly large incentives were noticeable on the 2 bed, 2 bath type properties in the commuter belt.

I haven't seen this level of aggressive marketing for a couple of years and methinks a number of developers are starting to get itchy feet and are doing anything possible to make a quick sale....

Could this be the beginning of the HPC?

- pye (HPC speculation ninja :ph34r: )

How did your purchase proceed, smoothly? :)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.