Jump to content
House Price Crash Forum


  • Posts

  • Joined

  • Last visited

About neuvilla

  • Rank

Recent Profile Visitors

1,139 profile views
  1. I'm just going by what was said in the video, so maybe its the journalist/video editor to blame rather than the couple. But I do very much agree that even the cheaper areas are unaffordable.
  2. They might not be able to even afford to live in those areas, but I'd have a bit more sympathy if they had at least considered them. It's understandable that they want to buy where they are currently renting, but its not always possible. Anyway, I think the best advice for them would be to carry on renting and wait for the house prices to fall, as they are currently doing.
  3. That's very interesting. Things have certainly changed massively in Cambridge. A decent terraced house opposite us on a street very near to the station has been sitting there unsold since June. They've just reduced but doubt it'll do much. Another example from today (below) shows a 12.5% drop. http://www.rightmove.co.uk/property-for-sale/property-64970582.html 26/09/2017, Price changed: Guide Price £725,000 £695,000 09/08/2017, Price changed: Guide Price £750,000 £725,000 Status changed: from 'Sold STC' to 'Available' 03/05/2017, Price changed: Guide Price £750,000 Status changed: from 'Available' to 'Sold STC' 25/04/2017, Price changed: £750,000 05/04/2017, Price changed: Guide Price £795,000 £750,000 01/03/2017, Initial entry found.
  4. Cambridge is really dropping, and has been for quite a few months now. Most things popping up on RM these days seem to be reductions. The below is today's example: http://www.rightmove.co.uk/property-for-sale/property-67761848.html 18/09/2017, Price changed: Guide Price £485,000 £470,000 04/09/2017, Price changed: Guide Price £495,000 £485,000 29/07/2017, Price changed: Guide Price £525,000 £495,000 17/07/2017, Initial entry found.
  5. That was just wonderful to hear him say that. It made my blood boil to hear him say that he hadn't bought it as an investment but expected to make a quarter of a million pounds a year from it. Hmmm.
  6. I don't think they will be. I think Rightmove just takes the description/photos from the current listing and includes them in the older, sold listing. Somebody can correct me if I'm wrong about this.
  7. Cambridge is seeing an interesting mix of daily reductions of the existing stock, and new stock coming on at even higher kite flying prices that before. This is the latest: http://www.rightmove.co.uk/property-for-sale/property-61145602.html Works out at £8,176 per m2.
  8. I couldn't find any information on this. How much did they buy it for?
  9. Some interesting data in this latest report on Cambridge property market: Edition 33, published July 2017 (Mar 2017 data) Take home points seems to be that prices are still going up but sales have fallen off a cliff. So I guess we should see some big drops in prices in the next report.
  10. There are so many reduced properties now in Cambridge. But the new ones that come on are all coming on with kite flying prices. With the end of the bidding wars that have characterised the market for the last few years, I think the EA's new strategy is to mark them high and hope they can convince someone they are getting a bargain when they offer below the asking price. Anyway, this came on today. http://www.rightmove.co.uk/property-for-sale/property-67520426.html Someone is trying to flip this. They bought it in 2014 for 440K. Have extended it and now want 700K for it. Highest price so far on the road is 560K, so even though its a lot bigger, I can't see them getting what they want for it. Will be interesting to see what happens.
  11. Ridiculous. Interesting that in the last 24 hours, over half of the listings are reductions on Rightmove. I've never seen the amount of reductions that there are now since I started looking two years ago. Also, this was in the local paper: http://www.cambridge-news.co.uk/news/cambridge-house-prices-down-brexit-13085708
  12. It could be worse. They could be paying £650K for this wreck in Cambridge: http://www.rightmove.co.uk/property-for-sale/property-66552359.html No floor plan and nothing in the description to suggest the size of the place, so maybe its a mansion!
  13. Cambridge is definitely seeing a lot of reductions at the moment. This one, for example, has come down almost by 10%, from 800K to 725K. http://www.rightmove.co.uk/property-for-sale/property-47254122.html Still waiting if this will affect lower priced properties though.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.