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Mapatasy

Daily Mirror "One in three homes for sale have had their prices slashed - and the average discount is £25,000"

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Great news indeed.

£15,000 off the initial asking price of this 1 br flat. It's been on the market for 5 months. Still very pricey though for what it is (a former council flat masquerading as a 'luxury apartment').

1 br flat Norwich £110k

Property Bee details:

Quote
01/09/2017, 18:45:02
  • Price changed: Guide Price £120,000 £110,000
13/04/2017, 21:06:20
  • Price changed: Offers in Region of £125,000 Guide Price £120,000
27/02/2017, 19:27:51
  • Price changed: Offers in Region of £125,000
25/02/2017, 10:53:07
  • Price found: £125,000

 

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11 hours ago, Mapatasy said:

http://www.express.co.uk/life-style/property/848788/property-for-sale-news-house-prices

"HOUSE PRICES have dropped by £25,000 for a third of properties across the UK, after experts warned of a nationwide property market crash'

 

Times are a changin'.

 

 

 

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Offered on a place in Buckinghamshire on Monday, it's been on a year  no offers, property next door has one less bedroom, one less acre and sold in 2015 for almost half the price! I went in 24% under, got rejected same day and now the estate agent won't even talk to us or show us other properties.

Pathetic, I'm over offering in it too

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If the average house price is £220k (this may not be correct). 

Then that is over 10% price drops.

I know these are only asking prices, but if reported as over 10% drops, that doesn't sound good for those who enjoy/need ever increasing prices. 

 

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Juice, just remember to be a little forgiving in twelve months time and to give him or her that pound for a cup of tea...can't see how else they are going to survive with such good business acumen!

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"Areas in the south have seen the most properties having their asking prices RESCUED" :lol: RESCUED,she meant to type REDUCED.Though rescue is the word they will be looking for in about 18 months.

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It needs to go much further, especially in rural areas of North Lancashire, Cumbria and Northumbria.

It's a beautiful warm sunny day. Mrs Princekie and I have been visiting a lovely rural village in North Lancashire, circa 10 miles north of Lancaster. It is in a sorry state, and I've taken a fair few photographs. Nearly twenty years of HPI has taken its toll on the village. 

* the tennis courts completely overgrown.

* children's playground with rusty swing, rotted see saw and overgrown

* churchyard- completely overgrown with bramble, long grass, bushes

* church- virtually abandoned

* pub- closed down, abandoned

* Farm buildings in ruins, overgrown fields

I left the village feeling very depressed. A mixture of unfavourable demographics and HPI, and another twenty years and I'm worried four the future.

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Hardly a slash, more like tiny reduction. These cuts are inflation related, once the BoE start the cycle of base rate rises, that's when the slashing starts... the eight year cycle looms ?

IMG_4834.PNG

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  • 295 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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