Just purchased a new build and builder has reduced same property next door by £25000?

tesuhoha

Think of it as a home to live in and not a financial investment..

mrginge

stu_ford wrote: »

mrginge, with helpful comments like this I assume you are neither old enough or mature enough to buy your own property.

Well I do recall hearing of cases where manufacturers / suppliers had announced price falls of their products but also offered to refund customers who had recent or outstanding orders.
This may be apocryphal but there would certainly be no harm in asking the developer for a goodwill payment. I think you would be unlikely to get anywhere with this though to be honest.

Please note that i am neither old enough or mature enough to know what apocryphal means.

G_M

marathonic wrote: »

No rights and no possibility of claiming. You signed a contract to agree to pay a particular price for a particular property and the developer withheld his side of the contract.

He did? How do you work that out?

(or do you mean 'upheld'?) :rotfl:

Originally Posted by mrginge
I bought a ps3 when they first came out. Now I find out that they are half the price. I am furious. Can someone recommend me a lawyer or tell me who i can complain to, surely someone has to be held account for this.

mrginge, with helpful comments like this I assume you are neither old enough or mature enough to buy your own property.

What's maturity got to do with it? mrginge draws a perfectly appropriate parallel. OK, a bit tongue in cheek, but the point is apt.

marathonic

G_M wrote: »

He did? How do you work that out?

(or do you mean 'upheld'?) :rotfl:

Meant upheld yeah!!! Posting from California here at the minute and was a bit early in the morning!!!

googler

stu_ford wrote: »

mrginge, with helpful comments like this I assume you are neither old enough or mature enough to buy your own property.

I have an Irony Detector that you could borrow.

Nan_Dingle

What a sickener. But not as big a sickener as finding the developer is so desperate, he's selling to a HA...

paul1964_2

mrginge wrote: »

Please note that i am neither old enough or mature enough to know what apocryphal means.

Fortunately, youngsters can now google up fancy words when they wish to appear a little older than their years.

breadlinebetty

stu_ford wrote: »

Hi there, As the title suggests we have just purchased a property for £185000 and have only been in the property a few month and now the builders have reduced the two property's next door to £160000 as they cant shift them.
What rights do I have and is there any way I can claim against the builder?as this obviously dramatically devalues our property.
Although the plots are set up slightly different the houses are physically exactly the same.

If anybody has any advice or has been in a similar situation I would appreciate your feedback

Stu

If you bought a coat from Marks & Spencer for, say, £200, and then found 2 months later they were selling them at £175 you couldn't sue M&S. You bought that coat at the price they were asking then.

It's called hard cheese.

It must be irritating for you, but that's a big risk you take when you buy from a new development.

McKneff

Please note that i am neither old enough or mature enough to know what apocryphal means

Me neither pet, and I'm 63:rotfl::rotfl::rotfl:

(away for a minute while i go look it up)

marathonic

breadlinebetty wrote: »

It must be irritating for you, but that's a big risk you take when you buy from a new development.

Exactly. And, because the new builds are now £160,000, you are unlikely to even get £150,000 if you put yours on the market.

Like the above poster said, think of it as a home rather than an investment. In other words, you should only worry about changes in the interest rate of your mortgage - not property price changes in the area.

By the time you come around to sell, if ever, there's a good change it'll be worth more than you paid for it.