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Ea Still Ramping Prices Up

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I saw a property advertised as a 'mature 4 bed detached' in Devizes. New on and no picture. Transpired it was a 70's house, this is now considered mature. Apparently the 250 price tag reflected the fact the house needed updating and would then be valued at 300.

I checked land registry for that road and found that 2 identical houses had sold earlier this year for 260 and 265 so what on earth is a 300 pound valuation based on

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I think some sellers / estate agents are trying it on and really taking the pi**

I guess the higher a property goes on for the more they have made a pre-emptive strike against low offers

The real idiot is probably the person who buys it

However, a further thought just occurred to me - If people are 'downsizing' from London for example they can pay a high price & still make a killing on what they are selling!

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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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