Asking prices are going down!

[UmBongo]

They are at least in my area. Bravo!

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.

[Green Devil]

1 hour ago, UmBongo said:

They are at least in my area. Bravo!

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.

[One percent]

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. 

[Green Devil]

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.

[One percent]

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. 

[UmBongo]

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.

[Gloommonger]

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.

[UmBongo]

2 hours ago, Gloommonger said:

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

It does look quite austere inside.