Estate Agent asks sellers to drop prices 40-50%

luvpump

I was seeing a Girl In Strabane, just outside Derry in 2007, Its a Lovely area, & if you can put up with the Accent its a nice place to live ...

b0rker

The NI housing market was and still is a very special case.

I know for a fact that this news will not affect the market in the Highlands of Scotland for example.

Not sure of why there has been all this excitement by those who do not even live there?

ad44downey

http://www.propertynews.com/brochure.php?r=1&c=416&s=62261321&i=116&p=PNC77060&fp=1&sort=h2l

If you've got property bee installed you can see that the Asking price drops from £715k to £450K, a 37% drop. Timber!!

It still has alot further to fall though.

chucky

ad44downey wrote: »

http://www.propertynews.com/brochure.php?r=1&c=416&s=62261321&i=116&p=PNC77060&fp=1&sort=h2l

If you've got property bee installed you can see that the Asking price drops from £715k to £450K, a 37% drop. Timber!!

It still has alot further to fall though.

that's Northern Ireland - totally different story.

i have had this one at 40% - asking price was well over priced. not sure if it's still listed anymore.
http://www.rightmove.co.uk/property-for-sale/property-18495838.html?backToListURL=%2Fuser%2Fshortlist.html%3Ftype%3DBUYING

brit1234

The fact is no matter where in the UK the housing bubble was fueled by cheap credit, which is how sending economic shock waves through our economy. Prices are simply going to return to traditional lending about 3.5 x salary.

Prices every where are going to continue to fall because they were only held up by speculation and nothing substantial.

besonders1

brit1234 wrote: »

The fact is no matter where in the UK the housing bubble was fueled by cheap credit, which is how sending economic shock waves through our economy. Prices are simply going to return to traditional lending about 3.5 x salary.

Prices every where are going to continue to fall because they were only held up by speculation and nothing substantial.

well said, its exactly what people are trying to turn a blind eye to!

ad9898_3

besonders1 wrote: »

well said, its exactly what people are trying to turn a blind eye to!

Especially Gordon.....er oops.;)

besonders1

Well I'm in no hurry to buy me first home, at least most of the silly 2007/8 priced homes that I like will probably still be up for sale 2 years time before the vendors get the message.

ES10

Well you jealous lot ...when you do eventually find some poor mug who has to sell ..and if your house falls in price at the next recession - bet you're the first ones on here moaning about it!

I (and I'm sure most other house owners will agree) would rather be carried out feet first than sell my lovely unmortgaged BIG house that I've worked hard and made sacrifices for all my life at a bargain 70% off ..aint never EVER gonna happen! Dream on in your teeny weeny rented places ! :rotfl: :rotfl:

ad44downey

ES10 wrote: »

Well you jealous lot ...when you do eventually find some poor mug who has to sell ..and if your house falls in price at the next recession - bet you're the first ones on here moaning about it!

I (and I'm sure most other house owners will agree) would rather be carried out feet first than sell my lovely unmortgaged BIG house that I've worked hard and made sacrifices for all my life at a bargain 70% off ..aint never EVER gonna happen! Dream on in your teeny weeny rented places ! :rotfl: :rotfl:

Wake up and smell the coffee. Your house is only worth what someone else is willing to pay for it. Not what you think it's worth.

You might think you live in a mansion worth a million quid. Whereas everyone else knows that you live in a hovel worth only £50K