Does anyone know how to get real value of property in IC1 as I am going to buy for my personal use and wondering if the market prices in some advert have been mark up by some property agents according to market demand?
This is a very tricky question as the real value is only real before the building has been launched (prices are fixed at this time) and these prices can be easily obtained and verified from the developer as the entire payment amount will be going to the developer who will then handle the commissions for the agent.
For ready and launched properties, there is no such thing as real value as the prices can vary between a range in the market. These prices are directly determined by seller and their specific demands. Generally speaking most agents will only add their commission to the property value and advertise the property. There might be a few cases where the agents and the sellers are working together and they have marked up their prices but then it is very easy to spot these properties with a little research and by drawing a few comparisons.
If I was you I would search for properties in IC1 and find the cheapest properties available in the market. Now if I see a property being marketed at a higher price and I am interested in purchasing it then I would simply ask the agent or seller for the reasons of high price and take it further from there onwards.
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