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housing discounts

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cducat
cducat Posts: 1 Newbie
in House buying, renting & selling
I recently purchased a property and after 3 months of being the only occupant on site the other properties are being sold at greatly discounted prices, the same house type being £44,000 cheaper than my purchase price. Does anyone have any experience of this or know if I am entitled to raise a complaint with the Ombudsman?

Regards
«1

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  • theartfullodger
    theartfullodger Posts: 14,603 Forumite
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    You can raise a complaint, yes, of course.

    Would you be equally upset & demand the new price if prices had gone up instead of down, please?

    Wonder what put everyone else off for 3 months: Wouldn't have been the inhabitants would it?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    Link.....?
  • IAmWales
    IAmWales Posts: 2,024 Forumite
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    Crashy_Time wrote: »
    Link.....?

    Given that OP is the only occupant, that would be pretty outing!

    Unless you were misled (and can prove you were), then you have no grounds for complaint cducat. Prices go up and down, so is life.

    (If they still can't sell them, they may sell them off to a social housing provider.)
  • glasgowdan
    glasgowdan Posts: 2,967 Forumite
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    That's bad luck sadly. Most new estates I see have huge "sold out" signs slapped across them before they're finished.

    You'd need very strong and unusual grounds for any complaint to get you anywhere, such as having hard evidence of being lied to, and even that is unlikely to get you any money back I'm afraid.

    Still, you get a street to yourself... start some illegal street speedball tournaments!
  • G_M
    G_M Posts: 51,977 Forumite
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    I tried this last year.

    Bought some branded washing powder from a major supermarket (no names for either the powder or the shop...), and 6 weeks later saw that the same supermarket was selling the same product at half price. That's 50% cheaper!!!!

    I complained to the Office of Fair Trading but they dismissed my complaint.

    :cry:
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    glasgowdan wrote: »
    That's bad luck sadly. Most new estates I see have huge "sold out" signs slapped across them before they're finished.

    You'd need very strong and unusual grounds for any complaint to get you anywhere, such as having hard evidence of being lied to, and even that is unlikely to get you any money back I'm afraid.

    Still, you get a street to yourself... start some illegal street speedball tournaments!


    Just a sales technique, like making people line up to get into empty nightclubs ;)
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    G_M wrote: »
    I tried this last year.

    Bought some branded washing powder from a major supermarket (no names for either the powder or the shop...), and 6 weeks later saw that the same supermarket was selling the same product at half price. That's 50% cheaper!!!!

    I complained to the Office of Fair Trading but they dismissed my complaint.

    :cry:


    Yes, funny, but we are talking about the biggest purchase of someone`s life here maybe? More and more people are waking up to the fact that property prices are a con.
  • bobbymotors
    bobbymotors Posts: 746 Forumite
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    cducat wrote: »
    I recently purchased a property and after 3 months of being the only occupant on site the other properties are being sold at greatly discounted prices, the same house type being £44,000 cheaper than my purchase price. Does anyone have any experience of this or know if I am entitled to raise a complaint with the Ombudsman?

    Regards

    No.
    It's not the house they sold to you it's the house you bought. They were selling, you bought, a contract to buy / sell was created and completed. its life.
  • csgohan4
    csgohan4 Posts: 10,587 Forumite
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    I had this sales pitch when I was looking for a new house, said this was the last one, ended being on right move for many many months
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • hazyjo
    hazyjo Posts: 15,470 Forumite
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    What if hadn't been a new build. Would you be complaining about other houses going up for less in the street? The market affects new builds too.


    Properties are worth what someone will pay / supply and demand. You paid more. Nobody else was going to, so they had to reduce. Absolutely no different to 'second hand houses'.


    It might only be three months between you moving in and the new ones going up for sale, but when did you agree the price you would pay for yours? Three months earlier? Six months? 18 months?
    2023 wins: *must start comping again!*
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