A Heart-Warming Example...

[neon tetra]

Excellent price falls example here:

22nd Jan 2010

18 Berrybanks, Rugby CV22 7JJ

Detached, Freehold, 3 Beds, 3 Baths, 2 Receps - Edit

£168,200

10th Apr 2008

18 Berrybanks, Rugby CV22 7JJ

Detached, Freehold, 3 Beds, 3 Baths, 2 Receps - Edit

£215,000

 

19th Oct 2006

18 Berrybanks, Rugby CV22 7JJ

Detached, Freehold, 3 Beds, 3 Baths, 2 Receps - Edit

£229,999

[IDN]

Excellent price falls example here:

22nd Jan 2010

18 Berrybanks, Rugby CV22 7JJ

Detached, Freehold, 3 Beds, 3 Baths, 2 Receps - Edit

£168,200

Yay!!!!

[Executive Sadman]

http://www.propertysnake.co.uk/site/detail/36816248

http://www.rightmove.co.uk/property-for-sale/property-34405901.html

Originally on at £80k. Currently on at £65k and selling for £50k

This one was first up at £175k last year, now down to £150k. Last sold 2007 £195k

http://www.rightmove.co.uk/property-for-sale/property-31361200.html

Dozens of these in Northants. 25% down from peak in asking, 30-35% down selling.

[rantnrave]

At the moment the Haliwide and Land Regs of this world are only capturing sold prices. WIth few FTBs around, they are mostly recording transactions of the equity rich trading three and four bed properties amongst themselves. When FTB property declines to such a price level that FTBers re-enter the market, it will exert a major downward pressure on the indices.

[dances with sheeple]

How many people lie awake these days thinking, I should never, never, never have "bought" this house

[qwerty1984]

Excellent price falls example here:

22nd Jan 2010

18 Berrybanks, Rugby CV22 7JJ

Detached, Freehold, 3 Beds, 3 Baths, 2 Receps - Edit

£168,200

10th Apr 2008

18 Berrybanks, Rugby CV22 7JJ

Detached, Freehold, 3 Beds, 3 Baths, 2 Receps - Edit

£215,000

 

19th Oct 2006

18 Berrybanks, Rugby CV22 7JJ

Detached, Freehold, 3 Beds, 3 Baths, 2 Receps - Edit

£229,999

Great news if you want to live on a new-build estate in rugby. If only my target area saw similar drops...

[jaspers]

At the moment the Haliwide and Land Regs of this world are only capturing sold prices. WIth few FTBs around, they are mostly recording transactions of the equity rich trading three and four bed properties amongst themselves. When FTB property declines to such a price level that FTBers re-enter the market, it will exert a major downward pressure on the indices.

home.co.uk is a good place to look to see if this is the trend in your local area. Certainly where I live, the larger houses have shown increases in sold prices since 2007, compared with drops in smaller properties. I guess that those equity rich homeowners have taken advantage of low mortgage rates to increase their debt levels selling houses to each other. Which is hilarious when you think about it....

[Guest_when_*]

Excellent price falls example here:

22nd Jan 2010

18 Berrybanks, Rugby CV22 7JJ

Detached, Freehold, 3 Beds, 3 Baths, 2 Receps - Edit

£168,200

10th Apr 2008

18 Berrybanks, Rugby CV22 7JJ

Detached, Freehold, 3 Beds, 3 Baths, 2 Receps - Edit

£215,000

 

19th Oct 2006

18 Berrybanks, Rugby CV22 7JJ

Detached, Freehold, 3 Beds, 3 Baths, 2 Receps - Edit

£229,999

Great!

I'm still waiting for it to happen down here in Essex.

[bmf]

http://www.propertysnake.co.uk/site/detail/36816248

http://www.rightmove.co.uk/property-for-sale/property-34405901.html

Originally on at £80k. Currently on at £65k and selling for £50k

This one was first up at £175k last year, now down to £150k. Last sold 2007 £195k

http://www.rightmove.co.uk/property-for-sale/property-31361200.html

Dozens of these in Northants. 25% down from peak in asking, 30-35% down selling.

Sorry I want a bigger drop :-)

[MC Fur Q]

Great news if you want to live on a new-build estate in rugby. If only my target area saw similar drops...

+1

Further south we have yet to see decent drops. Some people even have their houses on for more than they reached in 2007 whereas my house is on for almost 10% less than it was on for in 2008. Different price bands behaving differently or maybe people are more unrealistic further up the "ladder".