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Debate House Prices
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Estate Agent asks sellers to drop prices 40-50%
brit1234
Posts: 5,385 Forumite
NI Estate agent asks sellers to drop prices 40-50% to sell. Prices have already fallen there 28%. It seems common sense on house prices is returning fast.:beer:
Great BBC video on house prices in the area, under 3 minutes.
http://news.bbc.co.uk/1/hi/northern_ireland/7908962.stm
Great BBC video on house prices in the area, under 3 minutes.
http://news.bbc.co.uk/1/hi/northern_ireland/7908962.stm
:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
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:beer: great i might buy a few:think:I am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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confused31 wrote: »:beer: great i might buy a few:think:
yeah but even if you buy at 50% they will still drop further.......0 -
There was a similar article about England a few weeks back saying almost all sellers marketing at 25% below what they think it is worth were getting flooded with offers.0
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NI property market is almost stagnant at the moment. I think 700 houses were sold in the last 1/4, now I know its a small place but not that small! Having said that between 2003 - 2007 houses in our town went up by about 150% which is daft!1% at a time no. 40. £8000 (For dream family holiday) 94/100
MFW 2013 no. 62 £10,000/£10,000
MFW 2014 no 62 £8000/£70000 -
We are in Scotland and we have reduced our price to see if it helps. We only put it on in October, got 3 viewers first week then nothing. Xmas is also a bad time of year. We price dropped about 3 or 4 weeks ago and got another bunch of viewers, one even lower offer, and 2 notes of interest. Yes, it may seem that either the market has picked up or our lower price is helping.
I know two other people who are trying to sell and it doesn't seem to have picked up for them.0 -
This is good news, house prices in NI were insane up to mid-2007 and have got to fall by at least 50% to approach sensible levels.
Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
eBay sales - £4,559.89 Cashback - £2,309.730 -
House price falls are not really a bad thing, they're just going back to what they were before a decade earlier, Have people forgotten that they were never worth 2007 prices anyway!0
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besonders - I couldn't agree more!!!Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
eBay sales - £4,559.89 Cashback - £2,309.730 -
Friend of mine in NI has just sold!!!!!!!!!!!!!!!!!!!!! Ah no he didn`t, the buyers got turned down for a mortgage!0
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This is a clear sign that the pace of the housing price crash is accelerating. For the first time ever probably, an estate agent has given good advice. Well done!Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0
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