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The house price problem that's crippling the market

Robert Powell
by Lovemoney Staff Robert Powell on 07 October 2011  |  Comments 32 comments

House prices are falling, yet optimism among property sellers is peaking. Robert Powell finds out why...

 

More: Cigarette smokers damage house prices | Average house price to hit £200,000 by 2015 | Worst housing crisis in thirty years

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Comments (32)

  • Salfordguy
    Love rating 22
    Salfordguy said

    rentals in the Northwest are the same as they were 8 years ago!! there is a glut of apartments in city centre manchester due to over building and redevelopment where many landlord is probably running at a loss to stay above water. This is complete marketing spin by desperate people, reality is so so different.

    Report on 27 October 2011  |  Love thisLove  0 loves
  • eLJay
    Love rating 76
    eLJay said

    After the crash we were house buying and shown a house by an estate agent and while being shown around we asked why the price was still high, the agent said that the seller could not sell for a lower price as it would put them in negative equity.

    Naturally we bought another house, why would anyone with a sound financial mind buy into a property and put themselves into instant negative equity? You'd have to be an idiot.

    Report on 31 October 2011  |  Love thisLove  0 loves

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