editha Posted November 2, 2010 Report Share Posted November 2, 2010 I've been keeping tabs on the Bridport and Beaminster area through Rightmove, because it is on our list of places to possibly retire to in a couple of years time. What I notice is that properties are not selling at all. According to Rightmove no house sales have been registered at the Land Registry since spring 2008. Some houses seem to have come down 25% in price without shifting. Others still look as if they're being offered at peak of the market valuations. I'm guessing that what is on the market is mostly second homes, with owners who think they can wait until the market recovers. So what will happen? Will prices crash in the area, or will the market recover? And how far should prices fall from their peak? I'd like people's opinions. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted November 2, 2010 Report Share Posted November 2, 2010 So what will happen? Will prices crash in the area, or will the market recover? And how far should prices fall from their peak? I'd like people's opinions. 40%. And elsewhere in the country - 50 or 60%. And then STAY THERE. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted November 2, 2010 Report Share Posted November 2, 2010 According to Rightmove no house sales have been registered at the Land Registry since spring 2008. http://www.houseprices.co.uk/e.php?q=Bridport Quote Link to comment Share on other sites More sharing options...
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