Buyers in stronger position to bargain over property prices

However one chooses to look at the current financial situation, there are winners and losers. The current losers, to our minds, are developers with excess stock to move in a slow market. The winners are well-funded buyers in a good bargaining position. Prices are being reduced on property around the world, and any developer worth his salt knows that it is far better to take a drop in price and move the stock rather than sit on it until the market picks up.

I think it is fair to say we have not reached rock bottom yet, but if you are in a position to buy, you are in a position to negotiate. French property prices are falling at an alarming rate, London prices are down 12% in the last year, Dubai property prices are set to fall, and an Australian developer has let it be quietly known that they are open to offers on a waterfront development in Sydney.

Our advice at the moment - Haggle.

Haggle over property prices