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Hows It Looking?

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A bit (pleasantly) surprised by the volume, 700ish since 1st January. Not a lot I like, but on the plus side I see that Old Trafford is definitely heading sub 200K. I have a theory that we are at a sticking point with the 140-160K stuff in manchester, no one wants to knock the 20K off that £140K that is needed to get it moved. When that happens, the next leg down is underway.

I did like this at 190K http://www.rightmove.co.uk/property-for-sale/property-17189919.html - not that long ago I think this would have been crica 220K asking. This will affect terraces in the area also, leaving this http://www.rightmove.co.uk/property-for-sale/property-32176391.html looking well-overpriced at 174K. It will be interesting to see if Chorlton factor props them up.

How's your area searches holding up since the New Year?

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Prices round my way are definitely getting lower, albeit very stubbornly. Noticed there's been some 5% drops from asking in the local rag and three months later the properties are still sitting there despite being offered with O.I.R.O. This sucker is going down, a bit more very stretched patience is all that is required.

Edited by General Congreve

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In my area (CA8) it's starting to look quite promising - quite a few reductions coming through on PBee - some quite large (10% on top of previous 10-15%). Still the usual unsaleable rubbish at fantasy valuations that's been on since 2008 as well though!!

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  • 335 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%

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