From: hex@unseen.ac.am 
  
 On 08/09/2025 10:56, Roland Perry wrote: 
 > In message , at 09:55:56 on Mon, 8 Sep 
 > 2025, JNugent  remarked: 
 >> On 08/09/2025 08:03 AM, Roland Perry wrote: 
  
 >>> More anecdata: there's a house in my GF's street which has been on the 
 >>> market since at least the New Year, and my neighbour's house has been 
 >>> since Easter. A empty bungalow round the corner has been on the market 
 >>> for about a year, and another near-neighbour's house has only been 
 >>> occupied the last few weeks, when the old lady vacated it to a care home 
 >>> before the pandemic. Could have been probate issues though. My GF's late 
 >>> mother's flat sold as recently as last week, but was marketed in 
 >>> December, and there are several other flats in the block which have been 
 >>> unsold that whole time. 
 >> 
 >> Unrealistic pricing and a refusal to meet potential buyers half-way? 
 > 
 > Typically a developer is looking for about a 20% net margin, and are 
 > reluctant to sell at a discount because they believe (possibly wrongly) 
 > that the market will recover and they can eventually sell the houses. 
  
 That's their gamble.  If it does, they win.  If it doesn't they lose. 
  
 But it's an expensive business sitting on substantial physical assets 
 for extended periods with no return on investment.  It tends to mess up 
 your cash flow. 
  
 Again, it's simply a matter of supply and demand.  If available supply 
 exceeds demand, prices have to fall. 
  
 --- SoupGate-Win32 v1.05 
  * Origin: you cannot sedate... all the things you hate (1:229/2)