OK why is the analysis wrong?
According to this report http://www.globalpropertyguide.com/Europe/Greece/Price-History
residential real estate sales throughout Greece fell by 39.1 percent in the second quarter of 2011 and prices everywhere are falling. Wherever that happens (and that includes the UK) buyers are reluctant to buy until they feel the market has bottomed out. People have various motivations for buying but in reality most people wpuld not spend ú200K now if they felt the same property might be worth ú150K in two or three years time. It might be unpalatable, but I think it is a realistic scenario
Message posted by Bill on 18áNovemberá2011 at 7:27pm - IP Logged
Not sure whether I fully understood Ray's original post - I thought he meant that there was a ban on any house sales for the next 4 months, but on revisiting it perhaps he meant that house sales have been static for 4 months! Sorry Ray
In any event, to answer Wynne's question, the agent said that no property was moving at the moment. I had a tentative enquiry about my house, which isn't actually on the market but I am moving out, and the agent said if I was interested in selling I should grab the opportunity because they were few and far between at the moment, and things look likely to get worse!
Message posted by Ray and Gisela on 18áNovemberá2011 at 7:49pm - IP Logged
No the person said that all sales were on hold, how they could do this I am mist.
As Bill said another wind just posted it to see if someone had heard it as well.
We are still building the house so its not up for sale.
Message posted by Lavinia on 18áNovemberá2011 at 7:59pm - IP Logged
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