Van Posted February 28, 2011 Share Posted February 28, 2011 http://www.ftadviser.com/FTAdviser/Mortgages/News/article/20110228/85055aec-40f7-11e0-8e70-00144f2af8e8/House-prices-fell-by-34-since-2007-says-Halifax.jsp "The lender revealed the areas with the worst house price falls were all in the North, with Jarrow's 34 per cent fall the worst in the country, although average prices in Maidenhead in Berkshire were down 27.1 per cent." Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 28, 2011 Share Posted February 28, 2011 (edited) "The lender revealed the areas with the worst BEST house price falls were all in the North" Edited February 28, 2011 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Realistbear Posted February 28, 2011 Share Posted February 28, 2011 "The lender revealed the areas with the worst BEST house price falls were all in the North" Indeed. What we are seeing is a period of enhanced value for money. Now, I ask you, what could be more positive than that? Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted February 28, 2011 Share Posted February 28, 2011 Those are big impressive figures but I've yet to see anywhere close to those sorts of falls in my neck of the woods. The small falls were virtually erased with the Brown's mini boom that followed. The fall in house prices is starting to look more and more like the offers at supermarkets, when you look more closely you realise they are trying to fool you with fudged numbers. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 28, 2011 Share Posted February 28, 2011 has anyone got a list of major cities of the UK where I can pick up my Bread/Milk for 34% less ? Quote Link to comment Share on other sites More sharing options...
Bob Loblaw Posted February 28, 2011 Share Posted February 28, 2011 I used to have a lovely big end of terrace Victorian house in Jarrow. Over the road was a council estate. I used to paint my gable end every weekend and by the following weekend it was covered with graffiti again. Lovely place. Quote Link to comment Share on other sites More sharing options...
Si1 Posted February 28, 2011 Share Posted February 28, 2011 has anyone got a list of major cities of the UK where I can pick up my Bread/Milk for 34% less ? my local Netto (West Leeds) does 2x 4 pint bottles of milk for £1.50, which is outrageous Quote Link to comment Share on other sites More sharing options...
rantnrave Posted February 28, 2011 Share Posted February 28, 2011 has anyone got a list of major cities of the UK where I can pick up my Bread/Milk for 34% less ? That's weird. Where I shop, Aldi and Morrisons are next to each other. 2ltr of milk in Morrisons costs £1.34, but we pop to Aldi where it's £1.00... Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted February 28, 2011 Share Posted February 28, 2011 (edited) Here are the top fallers from the Halifax report: (Slight nitpick: the top fall (Jarrow) was 31.4%, not 34% as reported by FTAdviser) Halifax Link (PDF) Edit: spelling Edited February 28, 2011 by FreeTrader Quote Link to comment Share on other sites More sharing options...
Realistbear Posted February 28, 2011 Share Posted February 28, 2011 has anyone got a list of major cities of the UK where I can pick up my Bread/Milk for 34% less ? Tescos do 2 four pinters for £2.00. Normally closer to £3.00. I just offered £200k for a house that peaked at £324k. Micro-deflation I suppose. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 28, 2011 Share Posted February 28, 2011 That's weird. Where I shop, Aldi and Morrisons are next to each other. 2ltr of milk in Morrisons costs £1.34, but we pop to Aldi where it's £1.00... That's the WORST price reduction for milk i've come across Quote Link to comment Share on other sites More sharing options...
Habeas Domus Posted February 28, 2011 Share Posted February 28, 2011 my local Netto (West Leeds) does 2x 4 pint bottles of milk for £1.50, which is outrageous It always amazes me that people will happily pay £2 for a bottle of coke/fizzy sugar water but will balk at paying half that amount for organic or unpasteurised milk. You are what you eat. Quote Link to comment Share on other sites More sharing options...
waitingscot Posted February 28, 2011 Share Posted February 28, 2011 Greenock down 27%? I don't think so. I wish! Here are the top fallers from the Halifax report: (Slight nitpick: the top fall (Jarrow) was 31.4%, not 34% as reported by FTAdviser) Halifax Link (PDF) Edit: spelling Quote Link to comment Share on other sites More sharing options...
LiveAndLetBuy Posted February 28, 2011 Share Posted February 28, 2011 Here are the top fallers from the Halifax report: (Slight nitpick: the top fall (Jarrow) was 31.4%, not 34% as reported by FTAdviser) Halifax Link (PDF) Edit: spelling Damn lies :angry: Maidehead is immune. Everyone knows that! Quote Link to comment Share on other sites More sharing options...
neil324 Posted February 28, 2011 Share Posted February 28, 2011 Anyone know the % drop for Birmingham? Guessing nearly 20% Quote Link to comment Share on other sites More sharing options...
Snafu Posted February 28, 2011 Share Posted February 28, 2011 Anyone know the % drop for Birmingham? Guessing nearly 20% For the southerners: Jarrow, Washington and people from Ashington are live very close to Newcastle upon Tyne. They're basically north eastern towns. We're talking 20 minutes drive or thereabouts from Newcastle city centre. The farthers out is probably Ashington. Proper smack place, leading in the area I think. Quote Link to comment Share on other sites More sharing options...
Pauly_Boy Posted February 28, 2011 Share Posted February 28, 2011 Why is the average price £20k more than the hbos survey? Quote Link to comment Share on other sites More sharing options...
neil324 Posted February 28, 2011 Share Posted February 28, 2011 For the southerners: Jarrow, Washington and people from Ashington are live very close to Newcastle upon Tyne. They're basically north eastern towns. We're talking 20 minutes drive or thereabouts from Newcastle city centre. The farthers out is probably Ashington. Proper smack place, leading in the area I think. Heard of Washington before, i worked at Dunlop Tyres in Birmingham in 2000, when they closed the factory down, people could move to the Washington plant from the Birmingham one and let the Washington workers go voluntary if they wanted. Heard a few people went up to scout around, houses where going for £10k then. Dunlop have no closed the Washington plant also. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted February 28, 2011 Share Posted February 28, 2011 (edited) That's the WORST price reduction for milk i've come across To be fair to the original poster, it's not strictly a 34% fall either... Edited February 28, 2011 by rantnrave Quote Link to comment Share on other sites More sharing options...
Van Posted February 28, 2011 Author Share Posted February 28, 2011 Why is the average price £20k more than the hbos survey? It's for UK towns/cities. Quote Link to comment Share on other sites More sharing options...
Papa Serf Posted February 28, 2011 Share Posted February 28, 2011 So sold prices are down and asking prices are up. Someone needs to kick the deluded sellers right up the ar se. Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted February 28, 2011 Share Posted February 28, 2011 Indeed. What we are seeing is a period of enhanced value for money. Now, I ask you, what could be more positive than that? a period of even more enhanced value for money? Quote Link to comment Share on other sites More sharing options...
R K Posted February 28, 2011 Share Posted February 28, 2011 'North' appears to be everywhere that isn't actually in Eric Daniels office. Quote Link to comment Share on other sites More sharing options...
billybong Posted February 28, 2011 Share Posted February 28, 2011 (edited) After years of saying house prices are just flattening or just down a few percent and generally trying to hide and mask the downturn now they've turned to blaring out news about huge price drops all over the place and more than 30% price drops in quite a few places. They're probably reflecting reality now although their motives are suspect. Whatever, their credibility is still in the BoE's credibility zone, that is below zero. Edited February 28, 2011 by billybong Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted February 28, 2011 Share Posted February 28, 2011 (edited) After years of saying house prices are just flattening or just down a few percent and generally trying to hide and mask the downturn now they've turned to blaring out news about huge price drops all over the place and more than 30% price drops in quite a few places. They're probably reflecting reality now although their motives are suspect. Whatever, their credibility is still in the BoE's credibility zone, that is below zero. The banks are probably ready to load the next generation up with mortgages.For that to happen we need serious crash times. The media and the indexes will now blare from the rooftops about how this is the greatest opportunity ever. There are going to be a great many very peed off little debt slaves up and down the land. How many will default, how many will just take it up the hole and keep paying? In this part of Edinburgh just a walk outside tells you that something has changed, you can almost feel the asset deflation in the air, like some f*ucked up Stephen King novel just before Evil takes over the town. The beyond the means cars are still sitting there, but people are less loud, less cocky,egos are deflating. Very interesting times. Edited February 28, 2011 by dances with sheeple Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.