UK Landlord Forum / Life

Well, that's according to the telegraph.

Quote
the average estate agent sold seven properties in October, compared to six in September and a rock bottom five in August.

The increase in sales is largely due to sellers lowering their asking prices to more realistic levels - an average decrease of 2.9 per cent during the four weeks to November 8, according to Rightmove.

"Sellers are beginning to face up to the reality that their houses are not worth as much now as they were 12 months ago," says Chris Brown, president of the NAEA. "They are ripping up last year's price tags and beginning to come to terms with the new economic reality."

Hmmm..6 to 7 property sales- how much difference could that make? Well, I imagine that will feed a few more estate agents this Christmas!

Oh thats abit mean propertyfag.

I do think more houses are selling... like it says SOME people are being more realistic. Well the ones that need to be because they just need to sell.

Ive decided to face up to it all haha so im going to drop the price of my property by £13,000 in Jan/Feb.

Don't drop!!! People will start buying after Xmas! Xmas/new years is ALWAYS a slow season!

I think a lot of investors will start buying shit up after the new year! Have faith, sistah!

Out of curiosity, how are you paying the mortgage on the property? Are things tight?

Well its interest only and I do share the mortgage remember and my SVR from Feb will be abit better...which also means when I DO sell I dont have the £2,500 redemption fee to pay, which is great.
So i wouldnt say things are that tight really... I do want to sell so the hassle is gone haha and so I can afford afew holidays.

But homeowners still discounted homes for sale and the buyers made ​​4.8% of the average discount off the original asking price, which is slightly more than the first quarter of 2010 to provide a discount of 3.6% higher. With minor property is also longer than the average stay in the market 129 days.

A senior government researcher was quoted as saying last week on the curbs of work for real estate speculation control inflation.A favorable loan and environmental assessment of the home would significantly strengthen the market and improving consumer confidence.