Saturday, November 15, 2008

Still in denial

Homeowners overestimating house prices

"Research by Impartial shows that British homeowners are dramatically under-estimating the reduction in the value of their properties over recent months." ... "Homeowners under the age of 34 actually believe the value of their property is still increasing. They reported an average value of £173,960 in July, increasing to £176,056 in September. By comparison, the average Londoner seems more realistic – believing their house value to have dropped by £46,361."

Posted by quiet guy @ 11:58 AM (862 views)
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3 thoughts on “Still in denial

  • ” ……………… aaahh, but my house is different, it’ll sell as soon as I put it on the market …………………. “

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  • george monsoon says:

    We have a lot of Ostriches in our town as well…

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  • “My house has been on the market for nearly a year . I have been offered £130,000 , but I KNOW it is worth at least £160,000 .”
    Believe it or not , I have heard people say this .
    Simple rule , your house is only worth what someone else is prepared to pay for it !!!!

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