Thursday, December 6, 2007

Confirmed 50% plus price deflation since 2004

Auction results

Check out http://www.barnardmarcusauctions.co.uk/ auction results for lot 167 a two bedroomed apartment in Beetham Tower, Liverpool city centre.. According to rightmove 'sold prices' it was purchased in 2004 for £204,000 and HBOS as mortgagees in possession sold it at auction for £101,000. Ouch!!! I'll have two please!! Hang on, with all the new build still going up, i'll leave it a year and have four. Renting and Praying.....

Posted by renting and praying @ 12:06 AM (600 views)
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3 thoughts on “Confirmed 50% plus price deflation since 2004

  • they sold a two bed house in telford last night with a guide price of just 25k

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  • tyrellcorporation says:

    None of this get’s into the mainstream press though!

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  • Sounds to me that you renters are just a bit peeved that you missed the boat and people have made money while you’ve been forking out rent. If you didn’t rent – where would you live – under a hedge?

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