Monday, April 28, 2008
All good stuff …
Once red-hot property market hits big freeze
A more-or-less identical article was in the sister paper 'London Lite' under the heading "Housing in limbo as sales drop up to 50%". Factoid: "Average prices in [a particular] postcode hit a five year high of £670,000 last year but dipped to about £600,000 in the last quarter"
Posted by mark wadsworth @ 06:21 PM (993 views)
3 thoughts on “All good stuff …”
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whiteknight says:
There is no strike. What a ludicrous term. People can’t afford the properties without the ‘generous’ terms of credit they have had access to in the past.
plato says:
Infinite credit has gone. That’s it —- Property prices will plummet. Especially Silly Prices.
it_is_going_with_a_bang says:
LoL.
“Another west London agent said buyers wouldn’t even look at properties that were not “realistically priced”.”
– and that’s supposed to be a strange thing????!!!! Realistic buyers – surely not – this is London? The City of High Flying Pigs.
But they can’t resist the fairy tale ending –
“The one silver lining is a mini-boom in the lettings market as would-be buyers rent instead. But for those brave enough to stick their heads over the parapet, this could be the time for a bargain.”
– Or you might just get it chopped clean off. Strange how that is not pointed out with quite so much enthusiasm. Not.