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Meat Loaf

Prston/ribble Valley/lancs

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Certainly gone quiet in my area, sales are down to a trickle and mostly under £250k.The higher end stuff is stuck on the market for ages, some houses have been on for two years.

Just recently a few more have come on, no doubt the vendors thinking we are in for a "recovery".

The reality is that only motivated sellers are striking a deal and buyers are offering 10-20% off asking prices.

Most agents have a list of offers that vendors will not even consider as they are too "low". This is compounded by the fact that vendors have been given highly optimistic valuations,in better times, and are loathe to accept less now.

End result is a very limited market, although interestingly only one agent has closed down in Clitheroe (Purple Willow) and the rest are still okay, albeit with reduced hours, staff and concentrating on rentals.

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Where abouts in Preston are you referring to "concretejungle"??

I browse postcodes PR1 - PR7 mainly, so covering everything from the city centre radiating out towards Chorley / Coppull. There isn't much selling I have been watching a house at the end of my road that has been up for sale over 3 years and the asking price has only recently budged downwards from £500k to £475k.

Edited by Concrete Jungle

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Same old story... there aren't the jobs to sustain high house prices in the area.

BAE Systems are making redundancies think that will have have an effect in the long run.

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