Barrat slashes flats by 43%

Conrad

In Bishops Stortford newly built 4 bed townhouses can be had fro £270,000, which sold for £400,000 at peak.

A 4 bed newbuild in Colchester is being offered for £220,000, and I understand it was sold at peak for over £400,000.

I'm hearing similar anecdotes from all over.

No surprise, have you noticed the absymal (sp!!) parking with new houses. Most I've seen feature overly narrow roads too. Ok if you dont have freinds I suppose.

ginvzt

Any of them around Preston-Chorley area? I might be interested in a house with 25-30% off...

Raffles99

ginvzt wrote: »

Any of them around Preston-Chorley area? I might be interested in a house with 25-30% off...

The list was put out by the East Yorkshire division of Barratt, so only covers Castleford, Doncaster, Gainsborough, Brough, Hull, Pocklington, Bridlington, Scarborough and Catterick.

A separate Dresdner note this morning has identified a developer offering flats in a 'prime south coast' development at 40% off, but it is not named.

ginvzt

Oh, well, I'll just keep renting and get a house in a year.

meester

ginvzt wrote: »

In other words - by 5, get 2 free.... It is even better than "3 for 2"! So, how soon we will have "Buy 1 get 1 free"?

3 for 2 is the same as buy 2, get 1 free.

In order to get two free on a 3 for 2, you would do it twice, i.e. six for four, you pay for only 4 to get 2 free.

So it is not as good as a 3 for 2.

adr0ck

sorry kez

mybad

Realy

ginvzt wrote: »

Any of them around Preston-Chorley area? I might be interested in a house with 25-30% off...

I would say if you are a cash/FTB you would get that easily off any developer at the moment (some people on this forum already have )
Not off plan but on stock properties.
Take an AIP and watch them drool.
If you see something you really want and are prepared to sit in it for the next 5Y +. Put in a final offer of what you are prepared to pay they would come back eventually.

mewbie_2

It seems some people think that if / when Congress votes through the rescue plan it will immediately save the world, and more pertinently, house prices. It wont. Therefore these offers you are seeing now, while dramatic, are offers at the beginning of the meltdown. Prices have been dropping for just over a year now, the popular news commentators (the ones who are so out of touch with whats going on its laughable) are predicting another 10-20% off. So you can double that.

This crash is going to be huge. There is no need to be tempted by some early offers from Barratts, or anyone else. Plenty of time to wait, save and see.

ginvzt

meester wrote: »

3 for 2 is the same as buy 2, get 1 free.

In order to get two free on a 3 for 2, you would do it twice, i.e. six for four, you pay for only 4 to get 2 free.

So it is not as good as a 3 for 2.

Sorry - my mistake! Haven't got my coffee this morning, so still sleepy!

TDS_2

Realy wrote: »

I would say if you are a cash/FTB you would get that easily off any developer at the moment (some people on this forum already have )
Not off plan but on stock properties.
Take an AIP and watch them drool.
If you see something you really want and are prepared to sit in it for the next 5Y +. Put in a final offer of what you are prepared to pay they would come back eventually.

AIP?

These are tempting prices, but I can't see them dissapearing overnight. Best to sit tight (in my opinion).