Jump to content
House Price Crash Forum

Ni Prices Hit 5-Year Low


Recommended Posts

Interesting to see such large drops in an estate agent survey. Maybe they have finally realised that they need to lower peoples price expectations. Sales volumes will only increase significantly when house prices are lowered.

Next leg down for house prices!

Completely agree ... ppl will only pay what they feel it is value for money.

I think we are getting there but still a way to go.

Encouraging signs ...

Link to post
Share on other sites

Just seen the BBC news report with the UUJ representative. I am disappointed to hear that they hope prices go up, and that this quarter is just a 'blip', all caused by lack of confidence due to possible negative inputs (I guess they assume there will be no cuts or interest rate rises).

I had previously thought they were just analysts rather than VIs.

Link to post
Share on other sites

You have to laugh at these silly reports. How can they possibly compile these seriously when there's no volume? Thus, I would question the validity of some of their figures. Where I live, Craigavon, they state that the average house price is now £146,000 which is completely crackers because that would buy you a very nice detached house in the countryside with a decent plot of land. If it was truly the average price, it'd only get you a decent semi-detached in decent area.

Link to post
Share on other sites

You have to laugh at these silly reports. How can they possibly compile these seriously when there's no volume? Thus, I would question the validity of some of their figures. Where I live, Craigavon, they state that the average house price is now £146,000 which is completely crackers because that would buy you a very nice detached house in the countryside with a decent plot of land. If it was truly the average price, it'd only get you a decent semi-detached in decent area.

Word of advice NuBrit, no one admits to living in Craigavon, its either Greater Lurgan or Greater Portadown.

As a resident myself however, I have to say this report brought a tear to my eye. The last Qtr report showed the average price at £138,000 ( I think).

So we've had a 5.8% increase in the last 3 months.

I'm living in a property hotspot!!

Link to post
Share on other sites

Curious that a leading property figure would be trying to offload his £2.4m house in a falling market http://www.propertynews.com/brochure.php?r=1&c=558&s=114848809&i=1&p=ECSECS22642&fp=1&sort=h2l

PJ, just wondering - would the Estate Agents Act 1979 (Section 21) require a declaration of interest with this listing?

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 420 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • 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.