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PricedOut Discussion
Subject: £18 Billion property turn-off
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slicedcake


Activist
Activist
Posts:296


18/08/2008 11:22 PM Alert 
There's some serious money being taken out of property according to this article

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/19/cnlet119.xml


Asteve


Activist
Activist
Posts:930


19/08/2008 12:39 AM Alert 
From the article: "Residential investors will sell around two thirds of their properties in the face of falling prices, according to a new study by Skandia."

I think they mean TRY to sell... they were the only buyers when they bought, what makes them think that there will be anyone more stupid than they were?


plainservice


Concerned Citizen
Concerned Citizen
Posts:93


26/08/2008 4:52 PM Alert 
I  doubt very much there will be a massive sell-off, as estate agents are telling sellers not to put their properties on the market.

The pity is that the FTB, are still on the sidelines, I just heard of a big landlord who picked up a couple of 2 bed for dirt cheap, who were desperate to sell.






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