dog Posted August 10, 2007 Share Posted August 10, 2007 18 months ago I was getting emails from Prime Location with about 8 to 12 properties for sale. This year, the number crept up to over 20 properties. Two months ago I started to get emails with over 30 properties. Yesterday I had an email from Prime Location with 65 properties. This is the 3rd email from them this week. Has the panic selling started or is it a buyers strike (or maybe both)? Quote Link to comment Share on other sites More sharing options...
red Posted August 10, 2007 Share Posted August 10, 2007 18 months ago I was getting emails from Prime Location with about 8 to 12 properties for sale. This year, the number crept up to over 20 properties. Two months ago I started to get emails with over 30 properties. Yesterday I had an email from Prime Location with 65 properties. This is the 3rd email from them this week.Has the panic selling started or is it a buyers strike (or maybe both)? As Dr Bubb quite rightly said, the panic is speading from other markets and those EAs with half a brain cell will be preparing to chase the housing market down in order to maintain volumes. I remember selling back in 1995 and all the EAs that valued the house were incredibly bearish: "It's a buyers' market, sir - you might have to accept an offer if you want a quick sale..." was the general theme. We accepted an offer for less than we'd paid for the house 5 years earlier. And this was in North London. Who said London was immune? Quote Link to comment Share on other sites More sharing options...
apom Posted August 10, 2007 Share Posted August 10, 2007 Panic is merely spreading from other markets,as people realise a huge credit crunch is arriving Now is the time when you can say that you told us kudos Quote Link to comment Share on other sites More sharing options...
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