ScaredEitherWay Posted February 27, 2009 Share Posted February 27, 2009 Here's the breakdown http://www1.landregistry.gov.uk/houseprice...&image2.y=4 Comparing July 2007, the peak in many areas, with now: Detached £312,672 - now £263,117 Semi-det £185,560 - now £156,151 Terraced £153,172 - now £128,896 Mais/Flat £136,378 - now £114,764 Overall: £195,498 down to £164,515 Quote Link to comment Share on other sites More sharing options...
swissy_fit Posted February 27, 2009 Share Posted February 27, 2009 Here's the breakdown http://www1.landregistry.gov.uk/houseprice...&image2.y=4Comparing July 2007, the peak in many areas, with now: Detached £312,672 - now £263,117 Semi-det £185,560 - now £156,151 Terraced £153,172 - now £128,896 Mais/Flat £136,378 - now £114,764 Overall: £195,498 down to £164,515 I don't think vendors are reading these figures! It's all about what you want to believe..... Quote Link to comment Share on other sites More sharing options...
wii_timber Posted February 28, 2009 Share Posted February 28, 2009 I don't think vendors are reading these figures! It's all about what you want to believe..... It's all down to what people are willing (and able) to pay. Quote Link to comment Share on other sites More sharing options...
swissy_fit Posted March 1, 2009 Share Posted March 1, 2009 It's all down to what people are willing (and able) to pay. As well. Hence mostly stalemate, for the moment. The vendors want to believe their houses are worth 10X local incomes, the buyers can't pay that anymore. Quote Link to comment Share on other sites More sharing options...
wii_timber Posted March 1, 2009 Share Posted March 1, 2009 As well. Hence mostly stalemate, for the moment.The vendors want to believe their houses are worth 10X local incomes, the buyers can't pay that anymore. Well in that case the vendors are not motivated to sell - a motivated vendor will sell- it's a case of waiting until something triggers that motivation.... ...when you think of previous recessions this one hasnt hardly started yet in my opinion. Things will get very bad in the next 12-18 months.... I don't think anyone that I know has been effected by any credit crunch or recession related financial problems yet but I do expect that to change as the huge rises in unemployment are starting right now and as it continues it will gradual drag a lot of us into the same trap of the possibilty of long term unemployment. ...unless Gordon Brown's MASSIVE bailout to save his election next year works - although i am not confident of that at all , well we are on bailout number 5 or 6 already...it's a shame that david Cameron has been useless and has no sensible solutinos to the problems....maybe Vince Cable has some decent ideas but then no one listens to him... Quote Link to comment Share on other sites More sharing options...
stonewall Posted March 15, 2009 Share Posted March 15, 2009 (edited) People are missing the point - what's being quoted here by ScaredEitherWay are government Land Registry prices not 'what people may or may not pay' but actual. Edited March 15, 2009 by stonewall Quote Link to comment Share on other sites More sharing options...
grey shark Posted March 15, 2009 Share Posted March 15, 2009 (edited) People are missing the point - what's being quoted here by ScaredEitherWay are government Land Registry prices not 'what people may or may not pay' but actual. We know that the Land Registry figures are actual , it's a pity the dreamers still trying to sell at 2007 prices won't accept the actual Land Registry figures or even better if they looked at the actual Nationwide or Halifax SOLD figures . Edited March 15, 2009 by grey shark Quote Link to comment Share on other sites More sharing options...
Jim B. Posted March 17, 2009 Share Posted March 17, 2009 ...when you think of previous recessions this one hasnt hardly started yet in my opinion. Things will get very bad in the next 12-18 months.... I don't think anyone that I know has been effected by any credit crunch or recession related financial problems yet but I do expect that to change as the huge rises in unemployment are starting right now and as it continues it will gradual drag a lot of us into the same trap of the possibilty of long term unemployment. Yep. When you think of how bad things were in the early to mid 80s, and everything is a lot worse now (the whole system is in a complete mess, people have very expensive mortgages and massive personal debt) then as you say, it's going to get worse. I just can't see any reason why it won't be awful but yet there are people who are saying that prices have reached bottom and they won't drop much more. I would like them to explain why they think this, and the logic behind it. Quote Link to comment Share on other sites More sharing options...
wii_timber Posted March 17, 2009 Share Posted March 17, 2009 Yep. When you think of how bad things were in the early to mid 80s, and everything is a lot worse now (the whole system is in a complete mess, people have very expensive mortgages and massive personal debt) then as you say, it's going to get worse. I just can't see any reason why it won't be awful but yet there are people who are saying that prices have reached bottom and they won't drop much more. I would like them to explain why they think this, and the logic behind it. Unfortunately people still seem to have this expectation that they deserve all th trappings of material wealth - they need to get real and soon! Quote Link to comment Share on other sites More sharing options...
elsa Posted March 20, 2009 Share Posted March 20, 2009 Here's the breakdown http://www1.landregistry.gov.uk/houseprice...&image2.y=4Comparing July 2007, the peak in many areas, with now: Detached £312,672 - now £263,117 Semi-det £185,560 - now £156,151 Terraced £153,172 - now £128,896 Mais/Flat £136,378 - now £114,764 Overall: £195,498 down to £164,515 watched this afternoon BBC "escape to the country" Young couple wanted to move to Battle region, they had a flat in Richmond, EA came around to value the flat (October 2008) value £360,000, couple said "thats great we bought the flat 2 years ago for £275,00. I fell almost of the chair, EA are still in LaLa land Quote Link to comment Share on other sites More sharing options...
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