We are in London zone 2. Nice family area, lots of Tube and bus connections, good primary schools, by a park.
We bought our 3 bed house four years ago for £540k. Last year, at the height of the market, it was valued at £780k. We put it on the market just as prices began to drop. We got nowhere and I got pregnant and felt too sick to have strangers tramping round the house so we withdrew from sale.
Last week we put it back on the market at £670k (so £110k less than last summer). Today we got an offer of £550k. That is basically the price we paid four years ago. It is a £220k drop from our top of the market price.
What I want to know is whether this is a similar kind of drop that others are seeing? I am not talking about the kind of drops people expect/anticpate etc but what people have actually seen recently.
What have others found?
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Who else is trying to sell a house in London? What kind of offers are you getting.
16 replies
artichokes · 17/10/2008 17:05
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