MSE News: House asking prices dive by 3.2%

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This is the discussion thread for the following MSE News Story:

"Sellers knocked nearly £7,500 off their asking prices during the past month as the market continued to stagnate ..."
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House asking prices dive by 3.2%




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  • brit1234
    brit1234 Posts: 5,385 Forumite
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    Still way to high. Isn't there like a 25% difference between the higher asking price and actual selling price.

    Agreeing anything near the asking price must be shear lunacy for a buyer in today's market. We need far bigger drops in asking prices to stimulate the market at a level can actually afford.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

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  • BLT_2
    BLT_2 Posts: 1,307 Forumite
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    And this follows on from last weeks MSE report last week that house prices are due to rise by 16%. To paraphrase a well known beer advertisement 'if MSE did newspapers, they would be the worst in the world' :-)
  • tatania
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    Sellers knocked nearly £7,500 off their asking prices during the past month as the market continued to stagnate ..."
    It always slows down over Christmas anyway and the Estate Agents want to sell more, so they will release these figures to try to intice new lambs to the slaughter, sorry buyers to the market.

    I think they need to slash house prices by 50%, especially in some regions, where we live - 10 years ago the average local wage was £8,000 per anum and Commuter wage £12,500 and the average house price was £40,000 and most working couples and some singles could afford to buy.

    10 years on and the average local wage is £16,000 per annum and Communter wage is £25,000 but the average house price is £200,000...£200,000 how does that happen..wages double and house prices quadrupal!!
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