asfish wrote:
http://www.dailymail.co.uk/news/article-2729501/Inside-worlds-expensive-apartment-Penthouse-Monacos-new-Odeon-Tower-complete-water-slide-private-chauffeur-caterer-set-potential-owner-240MILLION.html
Ok its the Mail, but doubt they will have too many people viewing this
I think there'll be a fair amount of interest in it.
Locally, some house prices seem to have dropped a bit. My friend sold a house at a loss recently, and I know of a new build three bedroom semi that has gone on the market for less than the purchase price. However, a guy at work has put his house on the market for £10k more than he paid 4 years ago. Now I know 10k in 4 years isn't a lot, certainly not when compared to the profits that could be made 10 years ago but it seems the smaller houses are at least maintaining their value. Larger new build houses are being released on to the market for less than they were 5 years ago, and they still don't seem to be selling, with a lot of them having to let out.
We recently looked at a house that went on the market 4 years ago, in the 4 years, they've dropped the asking price by £30k, it would suggest it was hugely overvalued originally and I know value doesn't necessarily reflect the purchase pice but there does seem to be a downward trend.