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Isakndar

Estate Agents True Reports

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I got this from a true report from a Manchester Estate Agent - I cannot verify it - but it is a personal factual report from another website.

I work as an Estate Agent in Manchester, the rental prices have decreased steadily and the value of some of the new build apartment have also decreased.

Repossesions are rife in town and a lot of the new build apartments that are not holding their value, older property stock is easier to sell as they have more space than the contemporary boxes sold as luxury crash pads.

Interest rates have affected the buy to let market, landlords are subsidising the mortgage, paying the maintenance fees and maxing huge losses on the apartments, a lot have just stopped paying the mortgage as the equity worth is less than they paid for it.

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I got this from a true report from a Manchester Estate Agent - I cannot verify it - but it is a personal factual report from another website...

see here http://www.housepricecrash.co.uk/forum/ind...st&p=613574

I've been asked not to give out too many details but the agent fees were slashed to get them to sign, newer developments like Hill Quay was awful and they were offered supposedly £300K flats in Leftbank for under £1K per month rent.

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It's the same here.

New build flats in my area ( Hounslow Middx) which are from 231K on the constructors website

are appearing in local estate agents for 210k for the one bedroom.

Still too expensive though.

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It's the same here.

New build flats in my area ( Hounslow Middx) which are from 231K on the constructors website

are appearing in local estate agents for 210k for the one bedroom.

Still too expensive though.

What part of Hounslow?

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