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Estate agent - £25k reduction after a month
Comments
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RelievedSheff wrote: »No. You look at sold data from this year.
Why would you look at three years ago?
Asking prices mean nothing. Asking price reductions mean nothing. It is actual sales data that is important.
I disagree, falling transactions and asking price drops are important when someone is going to borrow or pay very large sums for a property, it gives them a feel for how much sellers are trying it on.0 -
Crashy_Time wrote: »I disagree, falling transactions and asking price drops are important when someone is going to borrow or pay very large sums for a property, it gives them a feel for how much sellers are trying it on.
But the ONS figures show no fall in transactions. So, why do you keep saying that they have?No reliance should be placed on the above! Absolutely none, do you hear?0 -
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Crashy certainly never has let reality intrude in his monomania yet.0
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But the ONS figures show no fall in transactions. So, why do you keep saying that they have?
So something like this is just wrong, or made up?
https://www.plumplot.co.uk/South-East-property-transactions.html0 -
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Crashy_Time wrote: »I think most sensible people know what the reality of the housing market is by now?
Yes slow but steady GROWTH.
https://www.bbc.co.uk/news/business-505855280 -
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Crashy_Time wrote: »So something like this is just wrong, or made up?
https://www.plumplot.co.uk/South-East-property-transactions.html
Misleading. They don't explain their methodology. Are the 2019 figures just for part of the year? If so, how long? A 50% drop, as shown in one graph, doesn't comply with other data.
Further down the page, they show a decline in transactions of 10% for the South East. I believe that. That's not falling off a cliff, though, and I suspect that the rest of the country may be holding up better.No reliance should be placed on the above! Absolutely none, do you hear?0
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