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House Price Crash forum > House Prices > House prices in your area
Son of Taeper
I think things have been a bit stagnant over the past 18 months. A few properties that have been on for over a year have dropped by 1% and a few have increased by 1% but they still aren’t selling.
TheCountOfNowhere
I've noticed more and more for sale signs coming up, but very few sold signs !!!!

Wasnt like that last year, for sale sign goes up, sold a week later.

South bucks is soooooo over-priced it's ridiculous too.
hp9man
QUOTE (Son of Taeper @ Feb 21 2008, 01:36 PM) *
I think things have been a bit stagnant over the past 18 months. A few properties that have been on for over a year have dropped by 1% and a few have increased by 1% but they still aren't selling.


I've been monitoring things closely (in the Beaconsfield area), both on Rightmove and by the number of for sale signs appearing. I'd say that:

1) Prices still idiotically high, estate agents having to make impossible valuations to get the business I suppose
2) A glut of new builds for sale (with the "only 3 remaining" sign actually starting to fade on one block)
3) More non-new build properties gradually coming on the market
4) Many properties stuck at the "under offer / sale agreed" stage for months

Plus the proposed waste incinerator on the outskirts of the town is also putting things under a cloud (so to speak).

Should be an interesting six months ahead.
Cutiecat
We are looking for a family house in Amersham and there have been mostly overpriced houses on the market since last summer. Recently they have all gone under offer, we offered on two and were unsuccessful so people must be paying near the silly prices. I wonder if this is a spring bounce?

I think that the Amersham prices are not that much different to family areas like Crouch End in London.

What do people predict will have in this area?
whiterabbit
QUOTE (Cutiecat @ Mar 2 2008, 04:16 PM) *
We are looking for a family house in Amersham and there have been mostly overpriced houses on the market since last summer. Recently they have all gone under offer, we offered on two and were unsuccessful so people must be paying near the silly prices. I wonder if this is a spring bounce?

I think that the Amersham prices are not that much different to family areas like Crouch End in London.

What do people predict will have in this area?


We are in Chorleywood and thinks have been stagnant for a couple of years but not dropped. Only real thing scaring people is immigrants moving further out down the met line and ruining schools. This may in the future cause people to sell in Amersham and Chalfont etc as you can see in Northwood which has changed a lot recently.

I think Amershan will go down a little but should be more resilient than most areas. The new flat complex in old town being the exception.
Cutiecat
QUOTE (whiterabbit @ Mar 3 2008, 09:59 PM) *
We are in Chorleywood and thinks have been stagnant for a couple of years but not dropped. Only real thing scaring people is immigrants moving further out down the met line and ruining schools. This may in the future cause people to sell in Amersham and Chalfont etc as you can see in Northwood which has changed a lot recently.

I think Amershan will go down a little but should be more resilient than most areas. The new flat complex in old town being the exception.


I am monitoring Amersham on Property Bee and I am seeing lots of reductions now. Houses at the top end that are were on in the region of a million are dropping by at least 100k, there is an overall drop of at least 10%. Still too much!
mike1
QUOTE (Cutiecat @ May 15 2008, 11:46 PM) *
I am monitoring Amersham on Property Bee and I am seeing lots of reductions now. Houses at the top end that are were on in the region of a million are dropping by at least 100k, there is an overall drop of at least 10%. Still too much!

Been watching Amersham and Berkhamsted since January, we currently in rented. Big chunks started to come off prices in Berkhamsted about early march and now they are all doing it, panic is setting in! Amersham started a bit later. I've discovered that some of the vendors are not entirely telling the truth, on two occasions, the story was the vendor was moving to a new home, but when I showed concerns over the length of the chain I got told they are moving to rented. Don't believe anything they tell you, I think there a lot of sellers are trying to cash in and get out quick.

I think Amersham will now start to see some big drops, the big problem is that estate agents were still overvaluing in Feb/Mar and now it's embarrasing for them to go back to the vendor in such a short space of time and suggest a price drop, but the agents now have no choice if they want to sell anything. Once a few big drops occur it makes all the other look even more expensive, and then the snowball effect, but it does help for prospective buyers to point out to agents, with examples, why a house is too expensive, as agents sometimes stuggle to this from the side of the buyer!

I think once the holiday period starts to finish, mid august, the real panic selling will start!!!
Son of Taeper
QUOTE (whiterabbit @ Mar 3 2008, 08:59 PM) *
We are in Chorleywood and thinks have been stagnant for a couple of years but not dropped. Only real thing scaring people is immigrants moving further out down the met line and ruining schools. This may in the future cause people to sell in Amersham and Chalfont etc as you can see in Northwood which has changed a lot recently.

I think Amershan will go down a little but should be more resilient than most areas. The new flat complex in old town being the exception.

Happend in Harrow and Maidenhead. Bucks prices still seem high but the education system keeps it there. We have ppl falling over themselves to get into Bucks schools from Berkshire at the moment. I never thought about schooling when I had my earlier properties but it's the first thing I go for now. Marlow, Bourne End, Flackwell Heath give a young family lots of options. Bourne End and Flackwell especially with the rail links and potential when Cross Rail comes online.
Check them out, best move I ever made!
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