neon tetra Posted September 3, 2011 Report Share Posted September 3, 2011 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 Quote Link to post Share on other sites
IDN Posted September 3, 2011 Report Share Posted September 3, 2011 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!!!! Quote Link to post Share on other sites
Executive Sadman Posted September 3, 2011 Report Share Posted September 3, 2011 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. Quote Link to post Share on other sites
rantnrave Posted September 3, 2011 Report Share Posted September 3, 2011 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. Quote Link to post Share on other sites
dances with sheeple Posted September 3, 2011 Report Share Posted September 3, 2011 How many people lie awake these days thinking, I should never, never, never have "bought" this house Quote Link to post Share on other sites
qwerty1984 Posted September 3, 2011 Report Share Posted September 3, 2011 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... Quote Link to post Share on other sites
jaspers Posted September 3, 2011 Report Share Posted September 3, 2011 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.... Quote Link to post Share on other sites
Guest_when_* Posted September 3, 2011 Report Share Posted September 3, 2011 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. Quote Link to post Share on other sites
bmf Posted September 3, 2011 Report Share Posted September 3, 2011 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 :-) Quote Link to post Share on other sites
MC Fur Q Posted September 4, 2011 Report Share Posted September 4, 2011 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". Quote Link to post Share on other sites
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