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The Masked Tulip

Online House Hunter: Welsh Wonders

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I am not sure what to make of this - whether it is house price ramping or a reasoned balanced view of housing? It all blurs now.

http://blogs.independent.co.uk/2011/06/06/online-house-hunter-welsh-wonders-2/

PARTS of Wales seemed to fare worse than most in the latest Land Registry House Price Index. The index lags a month behind so the latest figures are actually for April but they make for bleak reading. And not for the first time.

While the national annual change in house prices was down 1.3 per cent, there were some areas that saw drops of more than five per cent. Merthyr Tydfil saw the UK’s greatest annual price fall – a terrifying -15.7%.

A number of complex economic reasons are suggested for this state of affairs and estate agents still talk optimistically about a ‘well placed for revival’ market.

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Surely they're just reverting to what they were before the bubble - you know, a few grand, or perhaps £500 if you bought something that needed doing up. There aren't any jobs in Merthyr. There's mass unemployment. Small wonder house prices are plummeting.

Edited by gruffydd

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Surely they're just reverting to what they were before the bubble - you know, a few grand, or perhaps £500 if you bought something that needed doing up. There aren't any jobs in Merthyr. There's mass unemployment. Small wonder house prices are plummeting.

Exactly.

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  • 312 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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