My house Buyer Has Pulled Out Hours After Brexit . .

indianabones

DRP wrote: »

I've never lived in london, but nowhere i've lived (SE, SW, S.Wales) can you buy a 3-bed semi for 200k.

I agree with your argument that london is over-priced, but no need to overstate it.

In the midlands you can buy an average 3 bed semi for 150k easily. The house next door to us on the market for 155k and would have gone for 140k, that changes no of course.

Some examples:

http://www.rightmove.co.uk/property-for-sale/property-59992133.html

http://www.rightmove.co.uk/property-for-sale/property-54242446.html

http://www.rightmove.co.uk/property-for-sale/property-60187040.html

brodawel

Money_saving_maniac wrote: »

Or they won't even view it because it won't come up in their price band on searches on the net.

I don't think a £10K asking price reduction at the OP's price bracket will make much difference. Judging by many posts on here today, buyers will now be making even lower offers. Whatever you reduce to, many buyers will still want a chunk knocking off or they will look elsewhere. If I were the OP I would keep the £10K towards giving my potential buyer a bigger discount. You still hopefully get the same price and the buyer feels they got a good deal.

DRP

indianabones wrote: »

In the midlands you can buy an average 3 bed semi for 150k easily. The house next door to us on the market for 155k and would have gone for 140k, that changes no of course.

Some examples:

http://www.rightmove.co.uk/property-for-sale/property-59992133.html

http://www.rightmove.co.uk/property-for-sale/property-54242446.html

http://www.rightmove.co.uk/property-for-sale/property-60187040.html

I believe you, but 3-bed semis selling for >200k is not a london or even a SE thing.

kilby_007

DRP wrote: »

I believe you, but 3-bed semis selling for >200k is not a london or even a SE thing.

But believe it or not, not everyone lives in London & the South East. It's not overstated that a 2 bed flat at 400K is a ridiculous price, when for the same price near me you could buy a 2500 SqFt detached house in a very nice area, with land....

OhWow

DRFC1879 wrote: »

EU immigrants who've been thinking about coming to Britain make the choice to act now before it's too late for them.

It alreaady is too late for them. They need at least 6 years under EU laws to live in the UK and then come under Brtiish laws (when they are then safe). But EU laws will cease in 2018 at the latest.


It's going to be hard enough for those who entered the UK under EU laws before 23 June 2016 and who can't get British citizenship before EU law ends, as they are just short of the 6 years. They don't know if they will allowed to remain and if they are, under what terms. Don't forget that EU law allows people to be in the UK even if they are not working.

Just living in the UK does not mean they can remain as they are exercising treaty rights of free movment. Some of those who entered the UK years ago are now realising that they lost their right to reside in the UK under EU law, or they never ever had it and they should have gone home after 3 months.
Or that they lost that right for a while as they were not being a "qualified person" while they were in the UK and that set their EU '5 year clock' to zero again.


Those who fail the Good Charactere requirement of British citizenship but use EU laws to be the UK, will lose that protection under EU law when EU laws end.
Fail of Good Character can be things like, some driving offences; received a caution; immigration crime, received a sentence in court in another country or the UK etc

.

DRP

kilby_007 wrote: »

But believe it or not, not everyone lives in London & the South East. It's not overstated that a 2 bed flat at 400K is a ridiculous price, when for the same price near me you could buy a 2500 SqFt detached house in a very nice area, with land....

I don't live in london or the SE.


I agree that a 2bed flat for 400k is mental.


But that isn't what I disagreed with.

peter_we

kilby_007 wrote: »

But believe it or not, not everyone lives in London & the South East. It's not overstated that a 2 bed flat at 400K is a ridiculous price, when for the same price near me you could buy a 2500 SqFt detached house in a very nice area, with land....

£400k for a one bed is cheap here in SW11. Try £825k for a two bed. Basically £9-10K per M2

Have search on Rightmove or Zoopla if you think £400K is'ridiculous'

jay213

peter_we wrote: »

£400k for a one bed is cheap here in SW11. Try £825k for a two bed. Basically £9-10K per M2

Have search on Rightmove or Zoopla if you think £400K is'ridiculous'

This shows how out of touch property prices are. Houses stopped being treated as somewhere to live and as investments, a lot of Londoners cannot afford to live where they grew up.

beck1980_2

I can't get my head round prices like that! We're about to move in to a lovely 4 bed detached with double garage, off street parking for 2 or three cars and decent garden for 220k!

kilby_007

peter_we wrote: »

£400k for a one bed is cheap here in SW11. Try £825k for a two bed. Basically £9-10K per M2

Have search on Rightmove or Zoopla if you think £400K is'ridiculous'

Oh don't get me wrong, I am well aware that London/S.E. house prices are sky high and it's become the norm, but that doesn't make it any less ridiculous!