The Knimbies who say No

sorry, duplicated when the database crashed..

Definitely looking for evidence, but not tempted at all. The first evidence of a big shift is only starting to emerge in my view. eg, put SN2 1FE into the rightmove search. Can you tell which two were listed recently? Buy to let ghettos such as these will be decimated in the coming months. The developer has not even sold them all yet either! (Bovis homes, Swindon, 'The Whytes', £189k new (slightly better spec than those listed for sale on rightmove, but all 2 bedrooms). ) Hopefully, these will plummet further and drag better property down in price too. The notion that a two bed flat should sell for over 100k in a place like Swindon is a joke, especially considering how many are around. Pure fantasy. The problem is that some folks are just coming round to the idea. starting to see the curve-chasing drops in asking prices, but the above example represents the first deep discounts to the norm I've noticed. Only a matter of time before the dominoes start falling.

now ~3450 properties for sale within 3 mile radius of Swindon- 4% up in under a week.

Look at these prices for a 2 bedroom flat in Brunel Crescent (sn2 1FE): http://www.rightmove.co.uk/viewdetails-104...=1&tr_t=buy http://www.rightmove.co.uk/viewdetails-201...=1&tr_t=buy http://www.rightmove.co.uk/viewdetails-190...=1&tr_t=buy According to property bee, they were all listed in May, and the price is roundabout what they were sold for (believe about 165k, although will vary slightly) now these two, listed about 10 days ago: http://www.rightmove.co.uk/viewdetails-222...=1&tr_t=buy http://www.rightmove.co.uk/viewdetails-107...=1&tr_t=buy whopping drops. I appreciate there will be different specs, but all 2 bedrooms. I used to live in Brunel Crescent; indeed I was the first person to live in the flat since it was bought as a BTL. They are generally well specced flats, with the en-suite etc but there is no way I'd pay 160k for one. In fact I would not pay triple figures. Location is pretty bad, beside busy road. Properties such as these are ripe for large drops in my view. Just a BTL ghetto. I'll be keen to see how quickly the other prices come down, and whether the cheaper ones shift. Problem is, they are still not sufficiently discounted to the Old town prices to make them attractive. EDIT: Bovis ain't sold them all yet, either: http://www.bovishomes.co.uk/homes/index.cf...amp;devID=WSWWR

lol! I think 'local government is infested with consultant-driven jargon, which is designed to make someone appear more clever than the actually are' might suffice for my explanation.

What the hell is a 'Director of Place Shaping and Enterprise' anyway? Council tax has soared over the past 15 years. They always have the guilt-tripping defence about making the area better etc, needing top candidates etc. I can see a parking bay with no sign from my window. The council is happy to ticket cars that make the mistake of parking there, rather than fix the rusting pole where the sign used to be. Funny that eh? The small things.. Director of Place Shaping and Enterprise Employer: LONDON BOROUGH OF ENFIELD Industry: Government - Local government, Senior executive - General, Senior executive - Government, Senior executive - Public sector Contract: Permanent Hours: Full Time Salary: £113,238 - £133,221 plus up to 10% PRP

Also, Wiltshire is the county with one of the lowest accepted:asked price ratios of 89.7% according to the Times/Hometrack: http://timesbusiness.typepad.com/money_web...ry-by-coun.html

yeah, A very good resale property can be had in a good part of town with change for 200k. I suppose it's like buying a new car- you pay a premium to be the first in it. I just can't see people coughing up these asking prices though, and the new stuff certainly has none of the charm of the period property which is common in the old town. I suppose with rising energy costs, good insulation will be looked on favourably. In the last place I rented, 'The Whytes' new build SN2 1FE, the heating never went on once over winter. remarkable insulation. I definitely wouldn't buy there though. I suppose I'm hoping that the glut of new build will bring down decent properties' prices with it. They have a hell of a lot to shift up Okus Road way. They're starting to sell the Wychelstowe off plans too, goodness knows how much of that there is. happy to sit and wait for the moment.

Very true, which adds more downside. I suspect they wont be able to get half the price for some of them. The only thing that separates these new build estates from the chav hellholes we all know is the fact the chavs are priced out. They look similar in layout etc and have just as few amenities. Stick a few chavs in and watch it descend into chaos. Before you know it, there will be gobby children and oily dogs on every corner. I mean, look at these: http://www.rightmove.co.uk/viewdetails-224...=1&tr_t=buy http://www.rightmove.co.uk/viewdetails-216...=1&tr_t=buy they seem to be in another world. Where would you start negotiating from? Half price?

LOL! Hopefully it will be 'Get your conveyancing done here, and we'll throw in a flat for free' Seriously though, the new build prices are generally very high, yet searching the database for sales in many of the new build estates (primarily looking in SN1, so Okus road) there appear to be very few. I know a lot of the new build stuff may have been bought off-plan, but there are still plenty being advertised. Makes one wonder what sort of discount they will take to an unrealistic asking price. Some of them do not look like good deals until as much as 30% is lopped off. And that does not even account for the fact they will fall further! Nuts.

now about 3300 for sale in a three mile radius, according to rightmove. Hopefully it will be carnage, although much of the new build stuff seems to be listed at fantasy prices: http://www.rightmove.co.uk/viewdetails-216...=2&tr_t=buy http://www.rightmove.co.uk/viewdetails-219...=4&tr_t=buy extreme examples, mind. Where dya think this is- Newbury? what a shower, eh?