A seller drops their price substantially is this a sign of our times?

HAMISH_MCTAVISH

Cleaver wrote: »

Blimey, that would be quite a challenge considering the average fall of nearly 20%.?

Not so much up here in Scotland I'd guess......:D

Just checked the Aberdeen Register of Scotland sold price data on myhouseprice.com.

As of July 2009 (last available data) the average price is £188,002.

The average price in July 2007 was £189,763.

The two year price fall is therefore £1761..... Or around 1%.

Versus a cost of approximately £24,000 to rent the same place for the same time.

PasturesNew

Here's one. New in 2007 at £1,000,000
Sold 7 months later at £1,065,000
Sold a further 9 months later at £1,150,000
http://www.houseprices.co.uk/e.php?q=bh13+20+mirage&n=100

Cleaver

PasturesNew wrote: »

Here's one. New in 2007 at £1,000,000
Sold 7 months later at £1,065,000
Sold a further 9 months later at £1,150,000
http://www.houseprices.co.uk/e.php?q=bh13+20+mirage&n=100

You're a total HPI cheerleader.

PasturesNew

Cleaver wrote: »

You're a total HPI cheerleader.

I had to plough through reams and reams of losses to dig that one out. Without having a specific town/block to head for, I was randomly typing in places, trying to find: A new build in 2007 that had not been bought by a company or repossessed, that had resold since. Tricky one.

tommy75

Well done with this thread geoffky, just shows what a pr12k you are. That your bridge?

b0rker

geoffky:

http://!!!!!!/PFKM0

mewbie_2

HAMISH_MCTAVISH wrote: »

Not so much up here in Scotland I'd guess......:D

Just checked the Aberdeen Register of Scotland sold price data on myhouseprice.com.

As of July 2009 (last available data) the average price is £188,002.

The average price in July 2007 was £189,763.

The two year price fall is therefore £1761..... Or around 1%.

Versus a cost of approximately £24,000 to rent the same place for the same time.

You never, ever, include interest payments in your calculations. Interest Hamish. It's dead money.

chucky

geoffky wrote: »

29 Jun 2008 First day listed (price £104,950) 30 Aug 2008 Price changed from £104,950 to £94,950 04 Oct 2008 Price changed from £94,950 to £85,950 05 Nov 2008 Price changed from £85,950 to £77,950 18 Dec 2008 Status changed from listed to delisted 20 Dec 2008 Status changed from delisted to listed 22 Jan 2009 Status changed from listed to delisted 24 Jan 2009 Price changed from £77,950 to £74,950 Status changed from delisted to listed 28 Jan 2009 Price changed from £74,950 to £69,950




WHAT A EASY GAME TO PLAY...

i've nominated the above for post of the month to try and get you that £50.

i don't think it will come anywhere close to winning though.

mewbie_2

chucky wrote: »

i've nominated the above for post of the month to try and get you that £50.

i don't think it will come anywhere close to winning though.

Talking of money - what's your view on investing in property funds rather than actually owning the bricks? Does it make sense over say a 2/3 year period?

chucky

mewbie wrote: »

Talking of money - what's your view on investing in property funds rather than actually owning the bricks? Does it make sense over say a 2/3 year period?

if you want a fund manager investing where he wants and making money from you through charges go for it. otherwise do your own research

if you want individual equities go for Primary Health Properties they're pretty cheap at the moment with a decent dividend.