Evening Standard: House prices down £100,000

zcacmxi

Really2 wrote: »

Can some one explain that peak is from sold price not an inflated asking price.

I would hope that the people on this board are well aware of the difference between asking prices and valuations based on previous sold prices.

Really2, why do you assume that the original asking price was inflated? Or is it that you have an in depth knowledge about property values in that area of London? :huh:

chucky

zcacmxi wrote: »

On the billboards and front page of Evening Standard today:

http://www.thisislondon.co.uk/standard/article-23592736-details/House+prices+drop+100%2C000+in+two+weeks/article.do

these articles amuse me and a typical example of typical HPC ghetto mentality

1. The article does not show any percentages - what are the reductions on - £5 million homes?

2. It doesn't give any specific examples of properties.

2. Globetrix the company mentioned are owned by a newspaper group - maybe this is some creative journalism that has a hidden agenda... summary on the company http://en.wikipedia.org/wiki/Globrix

caveman38

The house in that picture is a £1M of property at least at it's height.

StevieJ

You are really right Really, this joker is from the other place!

Really2

zcacmxi wrote: »

Really2, why do you assume that the original asking price was inflated? Or is it that you have an in depth knowledge about property values in that area of London? :huh:

Because it was never sold and they had to lower the price.:rolleyes:

That was an easy question can I have a hard one now please.;) (mewbie no inuendo please.:))

Cat695

chucky wrote: »

these articles amuse me and a typical example of typical HPC ghetto mentality

1. The article does not show any percentages - what are the reductions on - £5 million homes?

2. It doesn't give any specific examples of properties.

2. Globetrix the company mentioned are owned by a newspaper group - maybe this is some creative journalism that has a hidden agenda... summary on the company http://en.wikipedia.org/wiki/Globrix

It doesn't matter that its far fetched...it will do the damage whether intended or not....maybe the journo guy is after a house and just wrote that so he can get it cheaper.

Alot of people believe what they read...

chucky

Cat695 wrote: »

It doesn't matter that its far fetched...it will do the damage whether intended or not....maybe the journo guy is after a house and just wrote that so he can get it cheaper.

Alot of people believe what they read...

The journalist is a long-standing one and usually has much better quality articles. There is definitely an agenda there for her.

zcacmxi

Really2 wrote: »

Because it was never sold and they had to lower the price.:rolleyes:

That was an easy question can I have a hard one now please.;) (mewbie no inuendo please.:))

Looking at the actual sold prices in that road: http://www.houseprices.co.uk/e.php?q=Finborough+Road%2C+sw10&n=50 I can see that in the last 12 months, flats have been selling for anything between £326K and £660K. So the initial asking price could not have been that far off?

You seem to believe that the questions are easy, and you provide an answer. However, the answers you provide are neither accurate or correct.

zcacmxi

It seems on this thread and others, people are backing up price falls with some sort of evidence, links, etc... Some from journalists, some using statistics.

However, those trying to support prices are providing no evidence at all. Perhaps they would like to purchase a property at last years prices, or worse still already bought last year!!!

Really2

zcacmxi wrote: »

It seems on this thread and others, people are backing up price falls with some sort of evidence, links, etc... Some from journalists, some using statistics.

However, those trying to support prices are providing no evidence at all. Perhaps they would like to purchase a property at last years prices, or worse still already bought last year!!!

Please remember a Troll from HPC is for life not just for christmas.;)