Valuing residential property is no easy task, set it too low and the vendor may well choose another agency. Set it too high, it may not sell. Every agent knows this, but it seems, in this difficult market, that many prices are, currently, set too high.Greater London, for example, has, according to the latest news from home.co.uk, has a glut of homes for sale, with more on the market now than there was in October 2010 – not great news for sellers. The south of England is also struggling to sell its homes and over the whole country supply is up by 10 per cent year-on-year.In June, a total of £1.6 billion was slashed from asking prices of properties on the market in England and Wales – while supply of stock rose by 9.7 per cent.Doug Shepherd (pictured), Director at Home.co.uk, says, “We also expect price cutting to increase. Monthly totals of price-cut properties have already risen by 19 per cent (June 2018 vs. June 2017), nearing levels last seen in 2012.However, it may be some time before we reach the extent of drastic price slashing last experienced in 2008 when a quarter of the entire stock for sale took a haircut each month.”housing market Home.co.uk doug shepherd July 17, 2018Sheila ManchesterWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » £1.6billion lost from UK house prices, says home.co.uk previous nextHousing Market£1.6billion lost from UK house prices, says home.co.ukLatest property price figures reveal stock rising, prices falling, according to Home.co.uk.The Negotiator17th July 20180807 Views
Promoted Portmore United have their sights set on finishing at least among the top two in the 2015-16 Red Stripe Premier League (RSPL).A top-two finish will ensure that the club qualifies for the Caribbean Football Union (CFU) Club Championship next season. Manager Clive Marshall said yesterday that a return to the CFU championship could open doors to overseas contracts for the players.Speaking at yesterday’s weekly RSPL conference, which was held at the sponsors’ head office on Spanish Town Road, Marshall said: “We want players to get contracts overseas in order for them to be able to better their lives and help their families.”He added: “When the team got demoted two seasons ago, it was our aim to return to the RSPL then qualify for the CFU, and we remain on course for that.”I had also declared back then that the club would be back in top-flight football soon. And that was done,” he emphasised.Portmore finished the preliminary stage of the RSPL on 61 points and earned $1 million for that feat. They will face Humble Lion in the first leg of a two-way semi-final tie on Sunday at the Effortville Community Centre in May Pen, Clarendon, starting at 3:30 p.m.The winners of the tie would be eligible to represent Jamaica in the CFU Club Championship next season.”Well, for us it is about focusing on the semi-finals against Humble Lion. We are confident and will go there for a positive result,” he said.Portmore United and Tivoli Gardens have won the most national titles with five each. With Tivoli out of contention this season, Portmore have the chance to go ahead by winning a record sixth national title.Montego Bay United and defending champions Arnett Gardens will meet in the other semi-final.