How far will house prices fall [volume 4]
Discussion
Hitch said:
Builders and banks taking a kicking on the markets today.
Talk about a kicking !Berkley Group was down 20+ % on Friday and has today fallen another 11%, let alone Barratts which has dropped from 570p to 370p
Foxtons was 30% down on Friday, and another 22% right now
Barclays and RBS fell so quickly today that trading was suspended
Thankyou4calling said:
I was looking in Tonkers area on Saturday (I don't think his castle though) and the first thing the agent asked was why I'm looking now as if to say nobody else much was.
A mate of mine runs an agent in the village in question, he's not reported anything untoward yet.Just had a call from the developer for the plot I reserved, lets just say the price is laughably high and I think the lady calling felt a little ashamed.
The asking price definitely won't be paid and we are mulling over a flat refusal/more realistic price to offer in return that reflects the current risks.
The asking price definitely won't be paid and we are mulling over a flat refusal/more realistic price to offer in return that reflects the current risks.
z4RRSchris said:
Had lunch with some agents, lots of deals falling out.
The American guy on the table next to us went to Woking yesterday to spec his 675LT spider .... Lucky bd
And a good friend, partner at a firm who does a lot of conveyancing. One first time buyer pulled out. How would I know it would be a newbie buyer. Fair enough though, it's their decision. I'm not interested in new build central london, I'd never buy such a thing. I'm more traditional but happy to go on record that the index will show no sign of negative over brexit. Interest rates are likely to fall as well.The American guy on the table next to us went to Woking yesterday to spec his 675LT spider .... Lucky bd
thelittleegg said:
I got my Rightmove property alert this morning, it normally has 1 - 2 properties on it. Today there were three and all of them were price reductions.
Slow changes, but something is happening from my searches as well.Seems like a doubling up of the usual £20-25k discounts. One just before the referendum and one after.
okgo said:
Those agents must be rare.
All the ones round me just take the property off and re-list it as new with another price rather than reducing.
There are quite a few that are, but I must admit I haven't specifically looked at agent's that do or don't.All the ones round me just take the property off and re-list it as new with another price rather than reducing.
Ha yes, I have seen that as well (i.e pull and relist).
Interestingly of my tracked shares (mainly banks and property related), it seems like today the banks are levelling off/climbing very slightly.
Whilst property related shares have dropped again, Foxtons dropping as far as 97p and now around 98p down from around 175p pre-brexit. Markets do of course fluctuate, but interesting to see they haven't followed the banks small gains of the days.
I am guessing most people use Property Bee to see/track changes to individual properties on rightmove? http://www.property-bee.com/
Edited by V6Alfisti on Tuesday 28th June 10:57
V6Alfisti said:
Whilst property related shares have dropped again, Foxtons dropping as far as 97p and now around 98p down from around 175p pre-brexit. Markets do of course fluctuate, but interesting to see they haven't followed the banks small gains of the days.
I suspect that's probably just a reflection of the different environments those businesses operate in. Both are subject to sentiment, but houses aren't bought or sold in hours or even days usually.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff