Thursday, June 7, 2007
Ever wondered why asking prices for houses keep going up?
I first noticed the house shown in this link on the market last year at £750,000. It didn't sell. About 6 months ago, they increased the price to £850,000. It still didn't sell. I recently saw that they have increased the asking price again - to £950,000. (It has been on findaproperty and rightmove - does anybody know of any way of accessing past price listings on either of these?) The house is a wreck and remains unsold. It is a very interesting selling strategy to say the least. It clearly hasn't helped to sell this house, but it sure will have contributed to the impression of house price inflation in its local area.P.S. As I have always said, Foxtons are disreputable sharks!