Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • MSE Guy
    • By MSE Guy 13th Dec 10, 8:58 AM
    • 1,628Posts
    • 1,255Thanks
    MSE Guy
    MSE News: Property asking prices down 3%
    • #1
    • 13th Dec 10, 8:58 AM
    MSE News: Property asking prices down 3% 13th Dec 10 at 8:58 AM
    This is the discussion thread for the following MSE News Story:

    "House sellers slashed asking prices during the past month in the largest December drop for three years ..."

    Read the full story:
    Property asking prices down 3%


Page 1
    • brit1234
    • By brit1234 13th Dec 10, 9:21 AM
    • 5,191 Posts
    • 11,968 Thanks
    brit1234
    • #2
    • 13th Dec 10, 9:21 AM
    • #2
    • 13th Dec 10, 9:21 AM
    Good news for us buyers priced out of the market but I'm sure sellers will put up asking prices for the estate agents mythical spring bounce. Lets hope it doesn't appear like the September bounce which vanished and sellers get the hint to sell at affordable prices.

    Main thing is actual prices have been falling for months now, falling asking prices adds extra hope for ftbs.
    Scams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
    • landsker
    • By landsker 13th Dec 10, 6:46 PM
    • 65 Posts
    • 137 Thanks
    landsker
    • #3
    • 13th Dec 10, 6:46 PM
    • #3
    • 13th Dec 10, 6:46 PM
    Having sold our Spanish home and been screwed on price to the extent that we have accepted 60,000 less than our purchase price 5 years ago (excluding 10% taxes), and we have had to include all our furniture, we are looking to screw vendors similarly hard on the price of a property in the UK.
    Completion for us is mid January next year and we'll be back in Blighty soon after.
    Pray that the exchange rate GBP/Euro gets more favourable for buying GBP - we are!
    We will have no need for a mortgage ( ) so hopefully will be in a strong position.
    We will be looking in a cheap area - the East Midlands - so how much under an asking price of say, 90,000 to 95,000 should we hit a seller with?
    (That price WILL buy a semi or terrace house in our likely town of purchase)

    • brit1234
    • By brit1234 13th Dec 10, 7:49 PM
    • 5,191 Posts
    • 11,968 Thanks
    brit1234
    • #4
    • 13th Dec 10, 7:49 PM
    • #4
    • 13th Dec 10, 7:49 PM
    Swings and roundabouts.

    The longer you wait the stronger the will be against the Euro as there are likely to be more shudders with the PIGS nations. However the longer you wait the more UK house prices will fall.

    I recommend changing the money to s as soon as possible and then waiting for more UK property drops.

    It might be worth paying for a chat with a financial expert on the matter. The chat may cost you a little but save you 10s of thousands of pounds.
    Scams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
    • SG27
    • By SG27 13th Dec 10, 8:13 PM
    • 2,700 Posts
    • 1,894 Thanks
    SG27
    • #5
    • 13th Dec 10, 8:13 PM
    • #5
    • 13th Dec 10, 8:13 PM
    Yay that makes it 6% in two months

    I know it's horrible for the sellers but it's great for us first time buyers
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

197Posts Today

1,442Users online

Martin's Twitter
  • So how much work do I actually do on the MSE weekly email these days, now I?m in the exhaulted position of ?Executi? https://t.co/b8XWxPiUwn

  • Dear gumtree - I feel I've been sold a kipper. You're advertising has my face on it but I don't do adverts. If yo? https://t.co/kJAuziloOM

  • RT @MoneySavingExp: ????This chap ????@MSE_GuyAnker is responsible for delivering MSE's Weekly Email to 14 million people, 52 weeks of the year.?

  • Follow Martin