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TheCountOfNowhere

Im Seeing Lots Of Drops Today

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Absolutely static round me. Digging further into the data it looks like people have lowered prices to the limit before the level at which they would start taking a financial hit. In the case of those who have bought since 2006, they are not going to shift them without accepting a loss.That barrier has yet to be broken.

Edited by rantnrave

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Haven't got the heart to check today, although on Friday it was clear that there is a small shift downwards in asking prices around here.

Rents crept up and are hovering high however. I'm in Reading.

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Starting to come in regularly now, although the price at which new listings are made seems as daft as ever. Still, as long as they keep drifting down quicker than they're being sold..

http://www.rightmove.co.uk/property-for-sale/property-31078580.html

29 March 2011 10:52:10

* Price changed: Offers in Excess of £220,000

28 March 2011 19:20:26

* Price changed: £249,995 £220,000

09 January 2011 19:41:38

* Price changed: £249,950 £249,995

04 October 2010 17:15:12

* Price changed: £265,000 £249,950

13 September 2010 14:50:15

* Price found: £265,000

But some seem not so keen to sell (listed April 2008):

http://www.rightmove.co.uk/property-for-sale/property-17581522.html

17 March 2011 23:35:20

* Price changed: £799,950 Offers in Region of £725,000

02 January 2010 23:30:07

* Price changed: £895,000 £799,950

27 April 2008 17:44:41

* Price found: £895,000

Edited by cheeznbreed

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I'm seeing lots of reductions. I rarely see a house STC that has not been previously reduced at least once. But this has been the case for a good 8 months now.

Edit: forgot a 'not'

Edited by Pent Up

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The websites that provide sold prices have been updated in the last 24 hours to included feb completions.

Ive spent a pleasant 15 mins or so copying the post codes of completed sales and pasting into rightmove price comparison report.

Some very pleasant results. Includes one very nice house in particular (that was stubbornly on at £300k and dropped to £280 after a long wait) selling for £250k. It looks like no part of the market is safe round these parts!

Edited by Caveat Mortgagor

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The websites that provide sold prices have been updated in the last 24 hours to included feb completions.

Ive spent a pleasant 15 mins or so copying the post codes of completed sales and pasting into rightmove price comparison report.

Some very pleasant results. Includes one very nice house in particular (that was stubbornly on at £300k and dropped to £280 after a long wait) selling for £250k. It looks like no part of the market is safe round these parts!

And 'these parts' is where exactly?

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The websites that provide sold prices have been updated in the last 24 hours to included feb completions.

Ive spent a pleasant 15 mins or so copying the post codes of completed sales and pasting into rightmove price comparison report.

Some very pleasant results. Includes one very nice house in particular (that was stubbornly on at £300k and dropped to £280 after a long wait) selling for £250k. It looks like no part of the market is safe round these parts!

This is when I expect to end up buying. £300-£350k to sub £250k. The only houses I would want to live in are currently priced around £350

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I am in East Sussex and am about to exchnage on a house that was listed last year at peak £325k (probably a bit OTT) and have it nailed for £200k.

Seeing lots of other properties in the 250-300k rnage drop by at least £25k in the last 3 or 4 months.

Zoopla is a good place to look to see by how much and when the sellers have felt forced to come back to reality.

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Starting to come in regularly now, although the price at which new listings are made seems as daft as ever. Still, as long as they keep drifting down quicker than they're being sold..

http://www.rightmove.co.uk/property-for-sale/property-31078580.html

But some seem not so keen to sell (listed April 2008):

http://www.rightmove.co.uk/property-for-sale/property-17581522.html

The first one is a steal! That's about £375,000 down my way

...Now I just need to find a truck big enough

Edited by Roost

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And 'these parts' is where exactly?

Coventry. In fact, following on from the Coventry public sector thread should I rub salt into the wounds for youTMT by saying that the house I mentioned is in a middle class / public sector employment part of the city.

Edited by Caveat Mortgagor

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Some small signs of price movement in Lymington

Like this

http://www.rightmove.co.uk/property-for-sale/property-15285015.html

Or this

http://www.rightmove.co.uk/property-for-sale/property-29459239.html

These are reasonable properties at slightly more realistic prices. But they're both outside the best parts of town. If you look at the plum roads south of the Higth Street where you can walk to the marina and the shops then there's little evidence of movement...and they're still selling!

Like this

http://www.rightmove.co.uk/property-for-sale/property-15523008.html

Or this

http://www.rightmove.co.uk/property-for-sale/property-26823199.html

If you're holding out for a really good family home that ticks all the boxes then unfortunately it's still a long slog. There are big price falls out there, but so far it seems they're all flats, not very attractive houses at the lower end of the market, or in unemployment black spots.

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Starting to come in regularly now, although the price at which new listings are made seems as daft as ever. Still, as long as they keep drifting down quicker than they're being sold..

http://www.rightmove...y-31078580.html

But some seem not so keen to sell (listed April 2008):

http://www.rightmove...y-17581522.html

looked in the EA window of a few central Headingley (LS6) EAs today on a walk, look likle near peak prices being asked on new listings in the window, almost twice the price of recent selling prices in last 6 months

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looked in the EA window of a few central Headingley (LS6) EAs today on a walk, look likle near peak prices being asked on new listings in the window, almost twice the price of recent selling prices in last 6 months

Why the heck do they put those ones in the window? Idiots.

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same street very near me, BTL student land Leeds:

neighbours - number 22 - for sale, 90k, STC on and off for months: http://www.rightmove.co.uk/property-for-sale/property-31389074.html

number 20 - just come on, from outside looks poorer upkeep, photo on rightmove is taken from the rear to hide its proximity to cheaper house, AFAIK: 120k - http://www.rightmove.co.uk/property-for-sale/property-29398567.html?premiumA=true

number 15, I think - victorin terrace, must have room to convert basement etc, 4 bedrooms; previous occupants (I knew them) old couple, kids selling the house live darn sarf (have met them too) selling the house, at the bonkers nuts price of 165k.

so we have a 3 bed modern ex council house that has not managed to sell since 2010 at 90k

and another virtually identical one NEXT DOOR just come on at 120k

and a 4 bed victorian terrace opposite going for 165

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same street very near me, BTL student land Leeds:

neighbours - number 22 - for sale, 90k, STC on and off for months: http://www.rightmove.co.uk/property-for-sale/property-31389074.html

number 20 - just come on, from outside looks poorer upkeep, photo on rightmove is taken from the rear to hide its proximity to cheaper house, AFAIK: 120k - http://www.rightmove.co.uk/property-for-sale/property-29398567.html?premiumA=true

number 15, I think - victorin terrace, must have room to convert basement etc, 4 bedrooms; previous occupants (I knew them) old couple, kids selling the house live darn sarf (have met them too) selling the house, at the bonkers nuts price of 165k.

so we have a 3 bed modern ex council house that has not managed to sell since 2010 at 90k

and another virtually identical one NEXT DOOR just come on at 120k

and a 4 bed victorian terrace opposite going for 165

How narrow is that kitchen in the first house!!!

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How narrow is that kitchen in the first house!!!

that's common round here, small terraced houses are basically identical in interior room and utility as flats, also similarly secure as terraced houses have limited accesible entrances.

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This is the sort of thing I'm looking for. 4/5 bed for sub-250. Can someone find me one near Brighton?

Failing that -- what's Southport like to live?!

Starting to come in regularly now, although the price at which new listings are made seems as daft as ever. Still, as long as they keep drifting down quicker than they're being sold..

http://www.rightmove.co.uk/property-for-sale/property-31078580.html

But some seem not so keen to sell (listed April 2008):

http://www.rightmove.co.uk/property-for-sale/property-17581522.html

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Coventry. In fact, following on from the Coventry public sector thread should I rub salt into the wounds for youTMT by saying that the house I mentioned is in a middle class / public sector employment part of the city.

Nah, I am really pleased for you you pesky person you. Where's the 'Grrr' smiley? :P

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This is the sort of thing I'm looking for. 4/5 bed for sub-250. Can someone find me one near Brighton?

Failing that -- what's Southport like to live?!

As it happens I don't live there, I just fancy it. I don't even know the area all that well, my missus is from up nearish and I'm from even further north so it seems like a good compromise (easy to get to her folks place on train via Liverpool, cheap too). I like the being near the coast and there are many nice houses in the town, especially in Birkdale, which also has a railway station. There are several decent places on the railway line down the coast between Southport and Liverpool- Ainsdale, Formby, Freshfield. Prices are pretty nuts though. Some cracking places, see the thread in the 'North West' region of the forum:

http://www.housepricecrash.co.uk/forum/index.php?showtopic=138362

Town centre seems a bit chavvy/run down, but it is a fair sized place so perhaps to be expected.

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  • 312 Brexit, House prices and Summer 2020

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      • down 5% +
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