CBee
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I was moving ahead with a purchase in the area pre-Brexit and the vendors pulled out in May citing 'market conditions' and wanted to refurb and put the property on for more. ( I belive because the prices in the area had surged since January due to stamp duty changes). I restarted my search again in May and saw a lot of properties and offered on a couple but my offers were rejected for being too low (about GBP20K-30K under the asking). When Brexit happened I decided to stop looking and have gone into a rental property for the next 6 months whilst the market calms down and have had emails from the agents that I offered through telling me that the vendors will now accept my offers and of the approx 15 places I viewed, almost all have come down in price by at least GBP25-30K (I was looking around GBP450K). This drop is possibly also because the prices were over-inflated to begin with as in the last 2 years these postcodes have surged by about GBP100K.
East Dulwich Forum
Established in 2006, we are an online community discussion forum for people who live, work in and visit SE22.