[Bbc House Prices]

The areas that are traditionally a bit shitty have seen more serious drops in price. Slough being a good example. Seems to me that a lot of rough areas have got caught up in the boom and the houses are seriously over valued. Now poeple are realising that the areas are still rough so why should the houses cost so much.

<{POST_SNAPBACK}>

Interesting idea but how do you explain this one? Take a look at Bracknell Forest prices: Not a great area but it seems to be one of the few thats going up quite a bit!

http://news.bbc.co.uk/

[In The Dark]

Relax, it is early days. Prices have only just started sliding.

Hope you're right, Dog.

Most of our friends have bought or are in the process of buying their first property "before things become even more difficult".

We are the only couple that is still hanging on to the hope of falling prices. If I bring up the topic of "the crash" people look sceptical, laugh, change the subject or accuse me of being “too hopeful” or a “doom monger”.

It seems to me that most first-timers, instead of giving up at being priced out, ask for help from parents or borrow up to 8x salary.

What area of the country are you in?

HPC Guru, we are in Reading, Berks. I know the ones near us are sold - we've watched the new buyers move in.

[In The Dark]

As a hopeful (renting) FTB I’ve been watching local property sales for signs of prices coming down, but the only signs I see are bad ones!

In my area (a slightly less yob-ridden part of town), properties seem to be selling like hotcakes.

About 6 months ago, 2 poky 2-bed terraces went for over £180,000 each. 2 months ago a similar one went for over £200,000. It was sold within a week and the new buyer has already moved in. The 3-bed version was sold for £260,000 two weeks ago (on the market for only 2 days) – the same one sold for £235,000 just over a year ago! Another 2-bed terrace sold very quickly last week for £190,000+. Looks to me as though priceas are still on the up!

The only place within reach of work we can afford a 2-bed house is known for its drug “activities” and poxy schools- and there's next to nothing there under £150,000. No thank you.

There also seem to be lots more “sold” signs up than “for sale” ones – in most parts of town! Any explanations for this?

Can anyone show me real evidence for the light at the end of the tunnel?!!!??