Thursday, May 8, 2008

Not sure these are bargains quite yet

£1m homes are biggest bargains

Mark Anderson, managing director of Hamptons, which has 85 offices, mostly in the South East, said: 'The market is in a very different place from this time last year.' Liam Bailey, head of residential research at rival estate agent Knight Frank agreed. He said: 'We are now in the grip of a major housing market slowdown.' These EA leaches now are running for cover! They ask "vendors to be realistic" AHHA HHAHAH AHH HAHAH now they will die by the same ludicrous price expectations that they have promoted. Good riddance all EAs!

Posted by confused76 @ 10:17 AM (527 views)
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2 thoughts on “Not sure these are bargains quite yet

  • Landedgentry says:

    ‘current uncertainty’

    No uncertainty mate, you are goin’ down brother.

    85 offices? time to cut overheads.

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  • tyrellcorporation says:

    I actually think this observation is spot on. A huge detached Georgian house with 1/2 an acre of land in one of the best streets in Exeter recently sold for £950k. It needed about £200k spending on it but TBH the land alone was worth that. You definitely get more the more you spend as there are fewer people with those sorts of budgets. There are some terraced houses in the next street which go for about £270k each and you could fit approx 10 on the same amount of land as the big one. You could conclude that the million pound house is half the cost per square foot of a ‘normal’ house.

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