Official - House Prices down 43%

esbo

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3111497/Financial-crisis-Banking-crisis-bites-deeper-in-construction-and-manufacturing.html


One of Britain's best-known builders has slashed 43 per cent off the price of some new homes as the global financial crisis takes an ever-increasing toll on construction and manufacturing.

tbs624

esbo wrote: »

One of Britain's best-known builders has slashed 43 per cent off the price of some new homes as the global financial crisis takes an ever-increasing toll on construction and manufacturing.

:rolleyes:
Yes, but let's read the article shall we - that discount is available only to those who are prepared to buy 5 or more properties at specific Barratt sites in East Yorkshire.

Cat695

Proves new builds are WELL over priced

Premier_2

One of Britain's best-known supermarkets has slashed 53 per cent off the price of some groceries as the global financial crisis takes an ever-increasing toll on the retail trade.

Eat Out At Home Mealbag
http://www.morrisons.co.uk/Offers/

:rolleyes:

tbs624

Premier wrote: »

One of Britain's best-known supermarkets has slashed 53 per cent off the price of some groceries as the global financial crisis takes an ever-increasing toll on the retail trade.

Eat Out At Home Mealbag
http://www.morrisons.co.uk/Offers/

:rolleyes:

Do you have to buy 5 of those Mealbags as well?;)

bluejake

I know someone who works for an housing association and they are being offered new build properties in Manchester at 60% discount.

hethmar

To be fair, the discount is for associations willing to buy 5 or more houses in batches, so the discount wouldnt be available to one off normal purchasers. And its just one development in Yorkshire, so your title is very misleading.

tbs624

bluejake wrote: »

I know someone who works for an housing association and they are being offered new build properties in Manchester at 60% discount.

See posts 2 and 7 - how many properties would this housing association be buying to get the max discount?

jimc_2

esbo wrote: »

One of Britain's best-known sellers has slashed 97 per cent off the price of goldfish as the global financial crisis takes an ever-increasing toll on construction and manufacturing of fishbowls.

I saw 10 goldfish on eBay with a reserve of 10p each so it's true (and 'Official') then. There's a worldwide crash in goldfish prices!

One example of an offer of excess production to a housing association as a 'job lot' does not represent ANYTHING 'official' about house prices. It just shows the builder needs to repair cash-flow pronto.

hethmar

I should imagine that there has always been a big discount available to associations buying batches - just it has been highlighted now because of the current situation.

I really dont see the current financial crisis as a time for glee - it will hit each and every one of us in one way or another, so its unnecessary to wind up exaggerations of the situation.