Report St Albans in England - South East Posted June 1, 2009 In a similar situation STR early last year and have been monitoring the area. EA's have recently been more open to offers I believe far below asking prices. They know that there's no correlation anymore.I was looking at the sold prices on zoopla or similar site and the rabbit hutches - I mean new builds in Weatherall Mews off Watson's walk which mostly sold for ï¿½500k - the last one went for ï¿½330K! And (admittedly a probate) house near me sold for ï¿½340K asking price ï¿½440k. Both in Feb. There weren't many transactions in addition to those. I think the 330k in Wetherall Mews was for one of the 2 bungalows/ 'granny flats' at the end. Point is though, that the bigger houses which originally sold for 500 have dropped nearly 20% like the broader UK housing market. St Albans is not really a special case.