General (main property discussion here) - Property prices

If we are to believe the headlines and property is overvalued by 30%,is it acceptable to be offering 30% less now? I suppose it depends on if you are selling or buying.Has anyone gone in with a very cheeky offer and got away with it?I would be very interested to know the thoughts of others.

although the governments proposal to help first-time buyers is not going to help cool the market (http://money.guardian.co.uk/houseprices/story/0,1456,1489702,00.html) - if anything that could stimulate prices to rise (particularly if interest rates go down again).

tom

And that will take from the rental market with potentially lower yields, hmmm could sell them the properties they are in though!

Hi

I think it comes down to your horizon. If you are in it for the long term, stick at it.

Otherwise "if you are going to panic, panic first" as they say in the stockmrket.

Good luck

Bryan