The millionaires are on the move

Article Abstract:

Ostentatious properties in Hampstead Heath, London, England are owned by Arab sheikhs, Greek shipping millionaires and tycoons but they have dropped in value and some have been repossessed. 'Millionaires' Row' is a sought-after address but some owners borrowed against their properties to help their businesses. Estate agent Trevor Abrahmsohn finds 1993 buyers can purchase for half the 1988 price. His technique is to insist on buyers and sellers making bargains.

Real estate industry, Millionaires, 1993 AD

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It's the free gifts that clinch the deals

Article Abstract:

House builders and estate agents are offering deals and gifts to push purchases forward. A new deal by the National Association of Estate Agents is for an insurance scheme to cover the repair costs for wiring or central heating. Other schemes include free protection policies against unemployment, sickness or accident. House builders are offering part exchange on existing property, chain breaking discounts and even free cleaning services on upmarket homes.

Methods

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Warning: you are now entering the dead zone

Article Abstract:

Property values in London, England have created a change in desirable locations as buyers had to choose less popular areas in 1988. Sales are impossible in some neighbourhoods. New purchasers can afford areas which were too expensive for the previous generation as prices have fallen.Purchasers should consider transport links, quality of housing, provision of parks, shopping and good schools.

London, England, Valuation, Recessions, Real property, Real estate appraisal

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