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Guest Winners and Losers

It's Not Often I See This On Rightmove

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Has this ever genuinely been on the market for £89,950? If not, it's not a genuine reduction.

I've done a quick google but can't find it.

Probably haven't tried hard enough

Edit: In fact I've emailed them asking to prove where it had been previously advertised.

I'm such a suspicious person: sorry.

Edited by Baz63

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Yep... plenty of reductions ooop north in the sector I am monitoring. Check these out:

Persimmon were originally trying to peddle these fellas for 199k. Also 5% deposit paid.

new build

This one reduced by 10k and changed agent from Roseberry Newhouse to Rentons:

4 bed gaff

This one's a version of the new build, was sold STC but the buyer pulled out:

4 bed #2

This one was on at 192k but now reduced (and the guy is throwing in his car!!!)

3 bed semi

This fella's reduced by 9k - still no interest.

4 bed Nelson

Cheers

Ad.

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Yep... plenty of reductions ooop north in the sector I am monitoring. ....

Cheers

Ad.

Interesting. The area of london I'm looking at did have price reductions in January / Febuary time.

Now prices are increasing again, and there are more sales.

I wonder if this is part of the ripple effect....if so expect price rises in about 2-3 months time.....

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Guest Guy_Montag

I found one the other day, a new build estate offering "equivalent to 15k" in discounts & goodies. It was somewhere in the North East.

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Interesting. The area of london I'm looking at did have price reductions in January / Febuary time.

Now prices are increasing again, and there are more sales.

I wonder if this is part of the ripple effect....if so expect price rises in about 2-3 months time.....

Well yes and no. The city has seen a huge rise in bonuses as the banking sector has been very profitable with all this M&A activity. I fail to see how this money will ripple out to give rises here. Most of the stuff I posted is in Ingleby Barwick and the developers are still building like mad here which is the real factor why things fail to sell. Keenly-priced stuff does shift though and there's definitly a number of properties that have sold this year - so there's been a pick up in activity for sure.

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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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