Properties with the biggest drops in prices

wotsthat

rxg111 wrote: »

At the risk of being flamed again, here's one with £90,000 off:

http://www.rightmove.co.uk/property-for-sale/property-45465167.html

Whilst I agree we're not seeing prices crash and London property is still very expensive, I do think we're seeing an end to the ridiculous over-valuations that were prevalent at the beginning of the year.

I wouldn't get too excited about £90k off. It's still £110k more than the last flat in the same building went for in January.

Bubble_and_Squeak

rxg111 wrote: »

At the risk of being flamed again, here's one with £90,000 off:

http://www.rightmove.co.uk/property-for-sale/property-45465167.html

Whilst I agree we're not seeing prices crash and London property is still very expensive, I do think we're seeing an end to the ridiculous over-valuations that were prevalent at the beginning of the year.

don't know whats happening in south london but this will be a good one to follow to see how the market is changing.
it didn't sell in april when everything was selling regardless of the price so i expect the price has further to fall.

Jason74

wotsthat wrote: »

I wouldn't get too excited about £90k off. It's still £110k more than the last flat in the same building went for in January.

Very true. The question of course, is what this one eventually sells at. I suspect it will come down a fair bit more yet before findnig a buyer. But as you say, even if it sells at £400k (which is itself insane for that much space in that area, but that's another discussion), it is still quite a rise from the beginning of the year.