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Dazbo1983

Hpc In The North East

4 posts in this topic

[quote name='Dazbo1983' timestamp='1312650222' post='3077167']
Is the long-awaited HPC underway in the North East?

Are we anywhere neat the 'bottom'?

Discuss...
[/quote]

1) Yes, has been for a while, few lucky people and persons with houses you'd actually want to buy still getting sales, other than that total stand still, try looking at some postcodes here... http://www.rightmove.co.uk/house-prices-in-my-area/marketTrendsTotalPropertiesSoldAndAveragePrice.html?searchLocation=ne1&sellersPriceGuide=Start+Search

2) No

*yawn* it is taking a while isn't it, but we're now entering double dip part two and public sector cuts...

As I've said before, this is inevitable, "normal" people can not afford "average" houses + economy buggered = prices drop when sellers are forced... WHEN.

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[quote name='meow' timestamp='1312841679' post='3080259']
1) Yes, has been for a while, few lucky people and persons with houses you'd actually want to buy still getting sales, other than that total stand still, try looking at some postcodes here... http://www.rightmove.co.uk/house-prices-in-my-area/marketTrendsTotalPropertiesSoldAndAveragePrice.html?searchLocation=ne1&sellersPriceGuide=Start+Search

2) No

*yawn* it is taking a while isn't it, but we're now entering double dip part two and public sector cuts...

As I've said before, this is inevitable, "normal" people can not afford "average" houses + economy buggered = prices drop when sellers are forced... WHEN.
[/quote]

Agreed! It seems like as though it is going to be a very long and drawn out affair for as long as IRs remain low.

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[quote]Latest figures show the number of homes in the North East hit by negative equity rising from 7.2% last year to 16.2% this year, the largest increase in the UK. In London the rate rose from 1.3% to 2%, while Scotland, with its devolved powers, rose from 1.3% to 3%.

Read More http://www.journallive.co.uk/north-east-news/todays-news//tm_headline=fix-our-economy-or-north-south-divide-will-grow%26method=full%26objectid=29241162%26siteid=61634-name_page.html#ixzz1VE7vvIub

[/quote]

Not good news but a sign that house prices are on the way down in the NE

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