since I was last there... I know there are a handful of hpc users from there so I was wondering what the situation was like down there? Is it still in the midst of the denial phase or are people starting to cut their prices? There seem to be loads of places coming onto the market that aren't shifting - Rightmove is a bit useless now as there's so much on it that it's hard to keep track of price changes. Also - how's the Truro area holding up (looking to buy there at some point - though not now, obviously!)

EDIT: Sorry everyone, just saw this on Home.co.uk, says it all. TEN! TEN! Ha ha ha ha ha ha....

Summary of Properties Sold in TR1 in April 2008
Total properties sold: 10

I think the majority are still in denial phase....I have noticed properties on RM that were not shifting so seller drops prices a bit but not enough, hence still no sale and then they seen to get taken off the market.

Have you got property bee installed on your system? Its a brilliant tool....

Rumours say it is amazingly quiet in the solicitors offices down that way. Two very respected firms have been making significant redundancies, with more on their way.

Yes, need to get propertybee but am being a bit slow installing firefox (even though it's simple...). Thanks. Rightmove listings are increasing at about 10 a day for the 3+ bedrooms bracket within 3 miles of TR1. With about 20 properties selling each month (TR1,2 and 3) I can see that hopefully one day I'll be spoilt for choice...

The market is very, very slow down here at the moment, just like everywhere else.
Price falls are starting to increase - I think most are out of the denial stage and more into the 'If we don't talk about it it'll go away' stage.
Truro is no different - a very quiet market and falls starting to appear.......

Excellent, just signed a years' rental contract (house bought 2001, so unless they went MEW crazy, hopefully it won't get repo'ed halfway through). The way forward should be much clearer by then...

heyup I'm in the Snozzle area and things here very subdued - spoke to an EA other day who bemoaned the fact that sellers won't accept that prices have to come down - one place we have our eye on has dropped 10% but the EA dealing seems to think this means a below asking price offer should be treated with contempt - ah well best sit tight for few more months till the HPC does my negotiating for me

My information tells me that would be a good move. Snozzle is very quiet at the moment and has been for quite a while. In fact the slowdown started in the second half of last year. The new development up near the new road is a case in point. Lots of people wanting to sell, but the developers still havent sold the new ones yet. The OO are finding that there are too many renters causing noise problems and want out. Thing is noone is buying the new houses let alone the second hand ones on the same estate.

is this the Carclaze developement ? some half decent places there - but its a BTL hellhole imo - have a mate living there and he is having a nightmare with a couple of BTL properties near him - 6 cars ,loud late music,rubbish etc , Also know anything on the new decelopement near ALDI? seems to be racing on even when the target audience for these properties, FTB ,are as scarce as beast of dodmin dung.

I drive through Snozzle quite often, recently noticed a good number of FOR SALE signs being replaced by TO LET, also lots of cars for sale parked on the roads outside private homes.
Property section of the local weekly paper showing many houses with either NEW PRICE or REDUCED flags.

I know of six or so houses in the area that have been taken off the market until 'things pick up'…sometimes wonder if I will be around long enough to see them up for sale again

Yes it is the Carclaze development. The houses there are ok, if you like that sort of thing, I mean one new build development is much like any other. But yes the amount of BTL's there are causing problems. Shame really for those who bought there.

It will be interesting to see how much they but those flats up for near ALDI. I no longer live nearby so I should be grateful if you would up date me if and when you know. The average salary in Snozzle is crap, I would think that the typical FTB would be on less than £15,000, so I can't see how they can price those flats low enough to sell.

I have heard about a lot of redundancies in Snozzle. It all seemed to start when Imerys laid off large quantities of workers a couple of years ago. All those people had to find other jobs and as they were mine workers most had to change careers. Obviously the low skill jobs were in high demand because some of the older workers just didnt want to have to retrain. What with redundancies in the solicitors offices and the estate agents, the tourist trade possibily going quiet as well, it is going to be a tough ride for the town for a bit. Hopefully though those FTBs who manage to keep their jobs will be able to afford to buy somewhere in the next few years. I know Snoozle isnt really a tourist town but once prices start going down in Meva etc it will spread out to the other towns fairly quickly I would have thought.

NHS and possibly CCC are the only places you think you get any chance of job security down here, as the two largest employers in the county. RCHT had a bumpy ride a year or two ago and seems to have got away lightly.
CCC is a different story. There will be ALOT of job losses within the next 12 months.

It's grim - just like the weather we are having at the moment! (Looking out a window at work as I type this - bloody horizontal rain in July!)

Do you reckon that's an accurate figure ?

I think these stats lag behind a lot - if you looked at this again in maybe three/four months time, you'll most likely see more than 10. Sales volumes ARE definitely down though, but we need to wait longer to work out exactly by how much.

From what I hear the work has totally dried up, whether by that much who knows. Put it this way I wouldnt want to be a conveyancer down there at the moment.

Local Radio this lunchtime, phone in program, had some EA (I think) bleating on about selling apartments in a new development in Newquay.

You get a free car upon completion, dontcha know?

Prices start at £150k and you get a Smart Car.
The most expensive is £1.5m and you get a Mercedes.

Then she came out with the line;

'..When people come down to their second home it would be ideal to have a car waiting for them in the garage....'

I turned off at this point as she was winding me up.

I STILL can't believe that EA are promoting second homes down here.

There is an open day in Newquay on August 1st when details of what cars are to be given to the other apartments are available.

[quote name='The Conveyancer' date='Jul 7 2008, 01:22 PM' post='1199296']
It will be interesting to see how much they but those flats up for near ALDI. I no longer live nearby so I should be grateful if you would up date me if and when you know. The average salary in Snozzle is crap, I would think that the typical FTB would be on less than £15,000, so I can't see how they can price those flats low enough to sell.


I couldn't resist and took a walk up to Aldi the other day to have a look at these shoeboxes Sorry I meant ' Exciting chances to enter the booming housing market ' and Lo and Behold big MFI type 'Cut Price Sale On' banners surrounding the building site - I went into the sales office and heard the usual 'great investment' 'last few available' 'property only goes up' cliches that to be honest i didn't think anyone could use without choking - my sole reply of 'I thought we were in the midde of a HPC ?' was met with a silence and a rush to isolate me from two young couples who would have been contaminated by my obvious insanity

Anyhoo work still goes on apace and I'll update you if I hear any more

Interesting to those in Cornwall - big Auction in Penventon Hotel (Redruth) on 23 July with some half decent properties - this should give us a real clue as to the real trend in Cornwall - have sent for Cat to have a glance and reserves are definately lower than the last Auction - still wait and see

Update on those Aldi flats. Third hand so not sure how reliable but I have heard that the "affordable housing" at the development has all sold but none of the normal priced ones have. Not very surprising though

you've only got to stroll up the road abit to the 'Urban village' developement to see the fate of new build - loads up for sale and they are looking really grotty already - some are less than 1 year old !!

I drove past it yesterday, looks like a faded fairground.

Aye - and they are expanding the site up into the area that was recently the council vehicles yard - was there yesterday and could not believe the number of units they are trying to cram into such a small area - especially when you see the number of for sale signs in the 'urban village' area

as with lots of new builds round here - Stenalees , carclaze , Charlestown , I know that the BTL contingents make up a fair % of the number of buyers , Problem is when the HPC finaly reaches us , there will be a glut of these available.

Anyone know if work has stopped on the developement near Aldi ? past there several times this week and no action - Maybe cos of the weather perhaps ?

Long established Cornish building firm fall victim


Talling Construction

A builders merchants in Treviscoe has gone into liquidation - I know the owner.

Also I noticed over the weekend that Rightmove EA in Falmouth is no more.

You'll know this, Toptaffybachboyobutty, I heard that a St Austell EA closed down in last month - is that right?

Which one out of interest?

Kimberleys in Truro closed a few weeks ago and word has it that the Perranporth office may follow soon. This would leave the one office in Falmouth.

Any property (except a flat) which is positioned on the clifftop is in demand and sells at a premium. Name your price.

I live in a village between Truro and Falmouth, where there are only about half a dozen properties for sale. A couple have been on the market a very long time, others get snapped up as soon as they come up for sale and asking prices are still very high.

EAs have always promoted second homes in Cornwall. The property market has always been a false one for as long as I can remember.

It appears that 'out of county' buyers all want the same thing - a very large house with a sea view and loads of land, which is where the market is still very strong (according to a major estate agent based in Truro). The archetypal Cornish cottage is ridiculed for being too small and pokey, so who will buy it? A local won't because it is priced too high!

Unfortunately, it is a vicious circle and a natural reaction to want to sell your home for as much as you can to someone probably out of the county because they are the only ones that can afford to buy it. Is there anyone out there who would be prepared to drop their price dramatically so that a local can afford to buy it? I think not!

What do others think?

Probably not no, but somepeople will not have any choice soon. The rich London buyers have their own money troubles and suddenly the Cornish Cottage isnt as affordable as it was. Together with a four and a half hour drive to Cornwall at best and petrol prices through the roof, I think local buyers may be in luck very soon.

All we need now is some decent wages and there maybe a very slim chance to buy a commune.

What are the councils like for planning down there? NIMBYs all?
If a bunch of locals got together and proposed a self-build eco-development on a brownfield site, what would their response be?

Dunno, but they're more than happy to be planning for another few thousand boxes to be banged up in the fields round Truro:

http://www.thisiscornwall.co.uk/news/Good-...il/article.html

I remember posting on here a while ago when we were looking at renting there that the EA had said they were planning 5000 new homes in west Truro. Everyone including me came to the conclusion that I'd misheard her, but apparently the local paper says not. God knows who's going to buy them or if they'll ever get built now. But the rightmove books for Tr1 are overflowing so the oversupply problem here will be something to see if they do. They're starting work at The Spires opposite the hospital presently but I do think that development is quite small. However, the digger dumped in the fields Persimmon have cordoned off down near Newbridge and opposite the tennis club hasn't moved since we arrived over a month ago.

Well, without getting too technical, the councils will pass anything. Give them a backhander and they are well happy.

if you have the same surname as someone on the planning committee, even better!

I would really, really like to know where this is going to take place.
I drive through Highertown everyday ( I work at Royal Cornwall Hospital you see) and there is nowhere for new homes.

I know that 5000 new homes will be built by 2016 within Carrick, but confined within Truro is nuts. Falmouth is part of Carrick too, so maybe they mean 5000 within the district of Carrick?

I wonder where Carricks plans will lie when we have the Unitary Authority?

Isn't there going to be a huge development near the new Richard Lander School and also another development at Higher Newham? Not forgetting the new ring road which bypasses Highertown, where they are to build there also. Maybe it will be put on hold for the time-being due to the state of the property market and the impending recession. With the schools already full and the roads at bursting point, maybe it's time to go against the influx tide and move out of county. North Devon is quiet (at the moment).

IMHO don't hold your breath for these houses to be built at all - especially with the number of second homes coming on to the market - when they finally drop to arealistic price, why build at all ?

I once had a planning application in with Penwith council and said somthing similar to a neighbour, and got a letter threating a law suit for saying or intermating that any one on the council or planning commitee was on the take this was from the county solictor

Well I live in Restormel area- probably the worst planning office in Britain (ONS judgement , not mine) and we regularly saw local councilors and such on the front pages of the local press for 'interesting' property/land dealings.

While I have no direct dealings with them myself , mates who have had ,unanimously reckon getting elected is the fastest way to get any planning application granted.

[font="Comic Sans MS"][/font] Frank Hovis in the main discussion forum says

Prime position site shop in Newquay. Went out of business in April.

Still vacant.

--------------------

which shop, where - does anyone know?

Yes, I do!

The butcher's shop, right in the centre of the precinct, by Woolies.

I'm keeping a close eye on things over the border here in Devon, but i may be looking to move to Cornwall in the next year or so. Can anyone provide a bit of an update on asking prices as well as the general attitude of the remaining estate agents in Cornwall?

Many thanks, AB

Avoid the agents who start with an "m" is normally good advice. If you want a good solicitor pm me and I will recommend someone for you.

Thanks for the advice, not looking to buy quite yet but i'll definitely be looking for a decent solicitor as and when i do. Is work still going on to finish new builds or have they been shelved. Also is anything selling down there at all?

we're off for a break to Newquay this Saturday so i'll be keen to see how all the new builds have got on since we were last there in July, supposedly selling like hot cakes they were!

i'm not over keen on Newquay town itself, especially in main season, but the Pentire area overlooking Fistral is a real gem...

I have the sneaky suspicion that those cakes are now 'stone cold' funny old thing , loads of newbuilds are available to let tho

Whereabout are you thinking of buying in Cornwall. The county varies enormously.

I see prime location shops in Truro are starting to close down which had well known high street shops occupying them? What does this mean?

TSIHTF

I hear Cambourne is the place to be!