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Message: <blockquote data-quote="RealAlHazred" data-source="post: 9737587" data-attributes="member: 25818">There is a very good chance it was never a real listing.There are a lot of market speculation games going on in the real estate market by huge US banks. And since their reach is worldwide, the effects will be felt elsewhere as well. Some of the listings that look too good to be true are just paper transfers, where a property is exchanged from one business unit to another. It keeps the property market hyped and overvalued, which keeps the other bank-owned properties in the same area at high value.I am not a money guy (I loathe being in debt) so I don't know exactly how any of it works, but they've been doing it for a while in the US, and our housing market is a shambles. I bought my very small townhouse in 1999 for $170K, and it's easily over half-a-million in value now. The neighborhood hasn't appreciably improved or degraded; it's all artificial inflation.</blockquote>