Posts

Showing posts with the label park island property for sale

Property prices on Park Island hit a new high?

Image
Well, despite all the doom and gloom, it seems that prices have hit yet again a new high. Not good news for those waiting to buy, but obviously comforting for existing owners, (except those hoping for a fall so they can upgrade!).
I still think that in these volitile times, you can keep your eyes out for a bargain. There must surely be sellers who have lose money in the stock market, who want to sell off, I would think. And if you look at recent sales records, you can see that some people have recently bought well below current market prices.
Meanwhile, an agent I spoke to today told me that many people simply are not selling as they do not want to pay the Government tax that was imposed on people who sell within 2 years of buying. If so, I find it kind of ironic that a measure intended to stop property prices rising, has actually had the opposite effect.
The agent I spoke to also told me they are noticing a pick up in people looking around, with a view to buying something before the Chi…