Will a new recession mean even lower houseprices?

[Doggy Styles]

Why do people blame bankers and Euro politicians and not real estate agents for Europe's economic mess?

It's not estate agents' fault, they just did their job. They rode the waves of the good times, just as they had to scrap about in the bad.

It was easy credit, brought about by low interest rates and the relaxing of regulations in the late 1990s, and people dumb enough to max out on it.

[AtW]

people dumb enough to max out on it.

Turns out it was savers who were dumb to save up for that big deposit hoping for house price crash

[DimPrawn]

Turns out it was savers who were dumb to save up for that big deposit hoping for house price crash

WHS.

[kaiser78]

But it will mean plenty of desperate people so some very good bargains. Everytime you see one you like the estate agent go in and offer 20-30% under asking price, state you have no chain and can complete very quickly. Someone at somepoint will snap your hand off.

If only that were true...the flat I have just bought I had to pay £168k with asking price in range £165-185k, taking £175k as mid price. It ticks every single box as an investment prop and was a case of if we didn't buy it someone else would, and didn't want to lose out.

[sasguru]

If only that were true...the flat I have just bought I had to pay £168k with asking price in range £165-185k, taking £175k as mid price. It ticks every single box as an investment prop and was a case of if we didn't buy it someone else would, and didn't want to lose out.

Whats the yield on that?

[MarillionFan]

Whats the yield on that?

Don't just think of the yield Sas. It's the capital growth on offer as well.

[kaiser78]

Whats the yield on that?

Don't just think of the yield Sas. It's the capital growth on offer as well.

Mainly to be used as second property. If we do rent yield about 9-10% or bumper holiday letting rates in peak season. Big bonus is allocated parking space which is at a premium in that area.