Bear Goggles Posted January 31, 2005 Share Posted January 31, 2005 Okay, today's anecdote from BG: I have friends who are selling their flat. They have been travelling and have returned and want to move (they've been renting it whilst away) The EA apparently said "asking prices haven't dropped much but selling prices are 20% below asking at the moment". Before they left it was valued at 230k, and now the EA said "put it on for 210k and expect to accept 190k", they're not too bothered as they are hoping to move up the ladder and reckon that 20% fall is good. Some other friends are DESPERATE to buy and have just been called by their agent to say that a flat they put a low-ball offer on in July has now failed to sell and the owner is willing to accept their first offer (don't know the figures on this one). So... I've noticed dogbox's post about EAs being busy, if things really are beginning to sell again and if prices have dropped 20% then that should feed through to the figures over the next couple of months. A 20% fall since last July would be massive, and would surely spark negative equity stories. EAs HAVE to start selling soon it's a matter of life or death, if sellers are starting to accept low offers this could signal the end of denial. Just a thought. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.