RE: Disconnect27 Mar 2024 17:53
Wyndrum your analogy makes zero sense.
Distressed sales, usually from repossessions, are a tiny fraction of house sales and don't materially affect the market price. The market is driven by and large by medium term forecasts and confidence, hence why house prices are now starting to rise again. AIM volumes as a whole are up significantly so far this year yoy. A more correct analogy would be to say the Avacta house is now valued on the basis of it having rising damp, subsidence and a dodgy sitting tenant. As these factors are proven not to be true the sp should be significantly higher.
Note the tenant doesn't have to be removed, his highly competent neighbours just have to help him maintain the house better