Tuesday, May 10, 2011

Bear Nibbles

Home sellers reduce asking prices by £20,000

"Home sellers are being forced to reduce their asking prices by almost £20,000 to secure a sale, new research suggests. It found the asking price of properties for sale being reduced by £19,000 on average, which is £2,500 more than a year ago. It suggests buyers are offering 7 per cent less than the asking price, according to property website Zoopla. A third of properties are also being discounted more than once, with Doncaster being among the worst hit, seeing half of all homes reduced in price at least once."

Posted by wdbeast @ 03:56 PM (3969 views)
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5 thoughts on “Bear Nibbles

  • Capitulation?

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  • mark wadsworth says:

    Splendid. There’s a similar article in The Fail, where one commenter says “What a load of drivel! They start with a fantasy figure and then make it £20,000 less fantastical”

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  • ‘Double dip’ predicted for housing market

    http://www.independent.co.uk/news/business/news/double-dip-predicted-for-housing-market-2281706.html

    I can’t post this one up as it is coming up as a duplicate article – just making sure you are well fed for the day MW !

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  • my bro had to cut his price by 40k to sell, but that was a detached house.
    Silly saying 20K as an absolute figure.

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  • Well hang on a minute. Reduced by £19,000 sounds great, until you realise that it’s only £2,500 more than last year. Given that we’re no longer technically in recession, I’d expect sellers to be (at least) £2,500 more optimistic than last year. This is a non-story.

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