Telegraph call a cooling, and offer ten tactics for avoid falling house price pain, including looking for flats "with a difference" to avoid the value slide almost sure to hit the ranks of unsold identi-flats and list your home in the small ads to cut out the agent. Interesting, London-specific advice includes:
5. Watch for the £1m London house slide
Apparently the £1m to £3m house sector is likely to be hit the hardest, coming off record returns in the last year, has furthest to fall. This, from a Knight Frank agent:
"Six weeks ago I could sell a good house 20 times over. Now there is double the number to sell, but the phones have stopped ringing"
And this:
10. Buy in the comfort zone
Knight Frank says the strongest part of the London market is likely to be in the £500,000 to £750,000 bracket, fuelled by later first-timers trying to get a foot on the ladder.
A £750,000 comfort zone fuelled by ftbs. Only in London... Read it all here.
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