Re: Re: Random Price Moves — UP and DOWN

#103276
Anonymous
Participant

No it won’t sell for 200k. To get a sale in a reasonable time frame (3 months) I would need to drop to around 120~130k.

But that’s an economic fundamental law, when the market is screwed you need to effectively give away something you need to sell!

We are not far from the bottom. As soon as it’s reached I expect there will be significant buyers and prices will rise rapidly (relatively speaking). I think to get 200k for my property we need to be 1 or 2 years on from the bottom of the market.

If you can wait then do it, selling now is the worst time possible unless you can gain from the collapse of the pound. But to answer your question, things always bounce back up from a crash.