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Forced Sellers Bringing Down Prices.

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on my street, we currently have 5 houses for sale - did have 6 but they have withdrawn it, having had no luck selling it

one a few doors down is the same as ours but with drive and garage, which has been done up and they intended to flip it - they paid £160k for it in May 07 and have been trying to sell it for £220k since sept 07 - lost a buyer before Xmas - reduced last month to £212,500 but in reality its still £30k-ish over-priced by my reckoning. If we wanted to put our on the market now and get a sale it would be around the £160k mark... as others are on at around £170 - £190k... just to undercut everybody else.

Just waiting for it turn up as a repo now...

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  • 293 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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