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I've just bought two commercial properties for my business , both of them from landlords that were desperate to sell. I've never seen so many commercial properties up for sale too over the last 6 months and this might just be the start of things.
Personally i believe that prices will drop around 10% 15% by the end of this year but there is a big chance that properties could fall 25% / 40% IMO.
To give an example i went to a friend who's renting a very nice 1 bedroom new build flat on an estate. I decided to pop over the street to the show home . The one bedroom apartments were selling for £135000 late last year, prices today were at £115000/£117000 and as i was in a position to move they were down to £107000 and that included carpets . I'm waiting to see if i can get one at £95000 but its still a gamble at that price.
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