When my mom listed her house for sell earlier this year, she started it out about 25k higher than what the final price of the house actually was. This wasn't because she had overpriced the house, but rather because as the economy worsened, the price of houses decreased because more and more houses were going into foreclosures and being sold and there were less and less buyers. It is my guess that the housing marketing pretty much went south all over the world. However, that doesn't mean that houses and property completely stopped being sold, in fact, it made it so that a lot of people could get a lot of deals that they wouldn't have been able to get a few years ago. If you are interesting in property in the UK, then check out Primelocation UK price index to look at various prices for houses, land, farm, estates, etc.
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