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‘Perfect’ properties not selling

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  • ‘Perfect’ properties not selling

    Buyers are looking for dilapidated homes to modernise as a way of adding value in a slow market meaning fully renovated properties are not selling. Prospective buyers want a project not a property, perhaps it’s due to the success of Sarah Beeny’s television renovation programme, Property Ladder. Or perhaps it’s the credit squeeze which has [...]

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  • #2
    I think that this depends on the marketing price, in the south east properties that require work are no longer going for much under market value, where as the renovated prices are 10% over market value. I blame incorrect renovation advice, over budget spending, optimistic developers and unprofessional estate agents telling people what they want to hear not accurate marketing advice. The truth is, too many people are maxed out on mortgages and want to recoup as much as possible, not realising that they are creating a false market economy.

    Properties that are on the market at the correct prices are selling.


    Bonetti Property Development Consultants Ltd.