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Post by Bea on May 13, 2009 10:51:53 GMT
House prices in Jersey are still rising - but at a much lower rate.
Figures out today show they’re up seven percent on a year ago.
The average price paid for a home here in the first three months of 2009 was five hundred and seven thousand pounds.
Overall, it’s thought the market’s stabilising.
Estate agent Gill Hunt says they’re seeing more properties change hands after sales reached a six-year low last autumn (Taken from Channel 103 website)
Is this just a ploy from Estate agents to foster confidence in the market ,or to shift stock .Do you believe this is the case ? I see pages and pages of houses for sale ,where prices have dropped significantly of late,something which would not have happened a year ago.
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Post by whiteknight on May 13, 2009 15:52:21 GMT
My aunt who is in a home now is trying to sell her cottage. It needs modernising but just cannot get anyone to buy it. priced at £375,000 dropped to £360,000 if you spent £50,000 on it you would have a really lovely place. People have back out of buying it because they could not get a mortage. It has been up for sale now for 1 year. I can see a developer buying it and selling for a big profit.
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