• Welcome to DOSBODS

    Please consider creating a free account to be able to access all the features of the DOSBODS community. It only takes 20 seconds!

UmBongo

Asking prices are going down!

Recommended Posts

They are at least in my area. Bravo! B|

2 br flat Norwich

Quote
27/10/2017, 18:17:18
  • Price changed: Guide Price £130,000 £120,000
13/10/2017, 19:02:17
  • Price changed: Offers in Region of £140,000 Guide Price £130,000
02/10/2017, 19:18:16
  • Price changed: Guide Price Offers in Region of £140,000
29/09/2017, 18:59:09
  • Price found: Guide Price £140,000

Once flats like the one above come down to £80k then I may make my move. :)

Share this post


Link to post
Share on other sites
1 hour ago, UmBongo said:

They are at least in my area. Bravo! B|

2 br flat Norwich

Once flats like the one above come down to £80k then I may make my move. :)

80k looks about right. But 140k. What a joke.

Property is stupidly overpriced.

But I'm not holding out much for a crash. Too many vested interest politicians and banksters involved.

If you missed buying over the last few years down south you're screwed.

I'm looking for an exit overseas.

Share this post


Link to post
Share on other sites
1 minute ago, Green Devil said:

80k looks about right. But 140k. What a joke.

Property is stupidly overpriced.

But I'm not holding out much for a crash. Too many vested interest politicians and banksters involved.

If you missed buying over the last few years down south you're screwed.

I'm looking for an exit overseas.

I lived through the late 80s early 90s crash. It was mega in London. About a third off. There was nothing that the establishment could do to stop it. 

Once sentiment changes and people (btl and overseas investors) lose confidence, there will be nothing they can do to stop it. 

Share this post


Link to post
Share on other sites
2 minutes ago, One percent said:

I lived through the late 80s early 90s crash. It was mega in London. About a third off. There was nothing that the establishment could do to stop it. 

Once sentiment changes and people (btl and overseas investors) lose confidence, there will be nothing they can do to stop it. 

But those were the days when money was actually worth something.

Consequently people would rather have money than an empty property.

Not now money is worth jack shit.

Share this post


Link to post
Share on other sites
1 minute ago, Green Devil said:

But those were the days when money was actually worth something.

Consequently people would rather have money than an empty property.

Not now money is worth jack shit.

Agree. Printing is turning us into the Weimar Republic. However I still think that sentiment can change. More so now than in the late 80s. Back then people weren't buying multiple properties as investments by and large. They were bought as homes still sentiment changed. Now that people see it as an investment, once it isn't, then people will be looking to bail. 

Share this post


Link to post
Share on other sites
25 minutes ago, UmBongo said:

1 br flat (built 2015) down from £140k to £130k

I reckon it has another £10-20k to drop before a buyer is found. Sold as a new build at £113k two years ago. Not that this one would appeal to me as the flat fronts right onto a pathway just around the corner from some pubs and curry houses.

Jeesh, looks home from home for an ex convict! How depressing.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.