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Properties on our estate are shifting in less than a week if priced right. 3 bed semi over the road was on the market for 3 days sold for asking price of 100k. 2 bed semi sold in just under 2 weeks for asking price of 95k. Price it right and it will sell.

 

We are in the fortunate position that our house has rocketed in the 12 months we have owned it. So if all you doom mongers are right we can afford a 25% drop in value, as it has risen by this amount.

Properties around the £100000 mark are generally affordable to a lot of buyers, so a drop at this end of the market is unlikely.

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Any drop in the market is unlikely at the moment. Just wait until the spring.

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I think they'll level off for a while and then possibly fall later next year.

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Maybe the estate agent will now have to earn their money just to get some viewings, nevermind the closed bidding that alot of us have been subjected to.

 

Saying that though, with all these flats that are being built but not many new homes where are the family's of the future meant to live. So surely supply is still short for 'family homes' so the impact may not be as great as what some people are saying here?

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http://news.bbc.co.uk/1/hi/business/7061814.stm

 

heres a nice story about apartment prices in Leeds

 

This is the same in all big cities, where an over supply of apartments/boxes has lead to prices falling. Houses, which is what most people really want are in short supply so prices have not fallen.

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prices won't go down, but will stagnate for a while. no reason not to buy now if you are planning for the long term

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My opinion is that when a bank goes bust we all should realise that the economy is not too bright!

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yes, and £13bn and counting of tax payers money has been lent to NR through the BoE - will it ever be returned?

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prices won't go down, but will stagnate for a while. no reason not to buy now if you are planning for the long term

Agree you can put in a lower offer for property.

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