bargain price: Estate agents and developers are generally coy about how much sellers were expecting to pay on completion, but some listings reveal that people are selling at or below the original purchase price, hoping the bargain price might pull in a new buyer, according to The Guardian. This week, estate agent London Dom.com was advertising several properties in central London for less than the original price charged by the developer. Property websites are now advertising many unfinished flats being offered for sale by the buyers who originally agreed deals with the developers. These included a three-bedroom apartment in the Battersea Riverlight development being marketed at a guide price of £1,890,000. The listing has now been changed to describe it as well priced . Another sub-penthouse apartment in the Riverlight development, which is part of the vast Nine Elms development area that has sprung up on the south bank of the Thames, is ready to move into and is being marketed at £1.1m – £75,000 less than the original sale price. The listing for the flat, which will not be ready to move into until 2017, described the sale as a Hot EXCLUSIVE deal – now asking less than the original purchase price from the developer in 2013.
(news.financializer.com). As
reported in the news.
Tagged under bargain price, guide price topics.