| Topic: | Re:Re:Re:Property sales | |
| Posted by: | Ian Newbury | |
| Date/Time: | 14/04/08 16:04:00 |
| Well i can also confirm there is a shortage of new property coming onto the market, that and people being slightly more cautious with there purchase at the moment. I dont know who your agent is, I know all the local agents,but as i am freelance i would say to you ( if you were my client of course!) that in that case i would have to look at why the agent would want to reduce the price twice, did they over value in the first place..maybe they are not the right agent for your type of property. I still have clients buying in the area, but i do admit that i am personally seeing more apartments than houses being purchased right now, but purchases are still proceeding slower but steadily. That and local agents are telling me that registrations have been slower recently but i am sure that it is only temporary, but a combination of slower registrations and new property coming to the market does have an effect. Obviously i do not know your specific situation and porperty size, value etc or how long you have been on the market, but if the agent has wanted to reduce the asking price twice, unless you are in a serious hurry to move, i would come of the market for a brief period and then come on with a new agent. I would agree the markets may be a little slower and prices maybe slighter lower or stagnant in areas in London in General but it certainly doesnt constitute an impending crash. |