jazztraveller Posted May 8, 2009 Share Posted May 8, 2009 Anybody else looking in this area? Anybody else thinking that prices at the bottom end just don't seem to be going down? I really don't get it. This is an area where an average 3 bedroomed suburban semi sold for £50K in 2001, and now they are still marketed at £150K+. There has been very little discernible improvement in the economy in the last 10 years. If anything, with today's news about Corus, it's now worse! Surely there is going to be absolute carnage here soon in terms of house prices? Jazz Quote Link to comment Share on other sites More sharing options...
enragedlamb Posted May 8, 2009 Share Posted May 8, 2009 Surely there is going to be absolute carnage here soon in terms of house prices?Jazz Especially as it looks like 2000 jobs are about to go at corus.... Quote Link to comment Share on other sites More sharing options...
Guest redwine Posted May 9, 2009 Share Posted May 9, 2009 Anybody else looking in this area? Anybody else thinking that prices at the bottom end just don't seem to be going down?I really don't get it. This is an area where an average 3 bedroomed suburban semi sold for £50K in 2001, and now they are still marketed at £150K+. There has been very little discernible improvement in the economy in the last 10 years. If anything, with today's news about Corus, it's now worse! Surely there is going to be absolute carnage here soon in terms of house prices? Jazz here in my town in france we have been hit by companies closing a big one smoby a toy maker lost over 600 jobs last year so everything is for sale but prices are still in the 250k but i dont know for how much longer. hope you beat the mags on monday Quote Link to comment Share on other sites More sharing options...
Hitby Posted May 13, 2009 Share Posted May 13, 2009 (edited) Hi, I live in Linthorpe and you're right - asking prices don't seem to be dropping at all but equally - nothing is selling. The couple that have sold near me have gone for significantly less than the peak for the road though. Peak seemed to be about 125k-130k (3 bed end terrace/semi). A similar house but 2 bed and 'in need of renovation' has just gone for 90k. edit: I lie, it went for 77.5k - if it's the one I'm thinking of it was in a real state though. I'll check it tonight. Edited May 13, 2009 by Hitby Quote Link to comment Share on other sites More sharing options...
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