| Comment | The west end has always been it’s own micro market. A 2 bed flat would be at least £200k home report. Properties tend to go 10% over home report as a minimum, regardless of the state of the economy and housing market. Demand far outstrips supply.
Sorry you didn’t get this one. It’s a fucked system, but home reports don’t really mean anything other than how much the bank will loan. For west end, add 10-15% as a minimum, depending on location and condition, but often it will be more. This has been the case for the last 20 years. |
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