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Essex57

Southend

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Year SS0 Detached Flat Semi Terraced

2005 40 - £324,337 254 - £122,101 101 - £192,517 128 - £154,582

2004 110 - £290,171 633 - £116,608 231 - £180,285 298 - £145,939

2003 93 - £291,121 573 - £103,622 208 - £163,827 315 - £125,268

Year SS1 Detached Flat Semi Terraced

2005 37 - £311,647 178 - £124,208 49 - £242,357 78 - £170,999

2004 103 - £314,072 367 - £111,689 130 - £215,905 184 - £160,914

2003 103 - £330,043 376 - £102,483 120 - £195,733 130 - £141,845

Year SS9 Detached Flat Semi Terraced

2005 107 - £321,913 149 - £136,758 186 - £213,743 83 - £197,596

2004 235 - £291,304 317 - £137,928 456 - £208,534 212 - £184,468

2003 202 - £261,055 304 - £120,601 427 - £193,272 195 - £167,855

Year SS7 Detached Flat Semi Terraced

2005 144 -£284,932 80 - £133,965 216 - £186,122 26 - £160,529

2004 332 - £261,319 173 - £129,290 464 - £181,312 64 - £162,456

2003 289 - £245,982 105 - £99,454 475 - £172,210 76 - £143,785

Year SS5 Detached Flat Semi Terraced

2005 57 - £305,311 2 - £141,750 79 - £201,702 18 - £188,694

2004 138 - £322,217 21 - £130,995 198 - £192,028 32 - £194,871

2003 148 - £294,427 35 - £137,585 191 - £173,956 33 - £144,316

What do the figures above (and in the attachment) tell us

1. They represent the actual sales prices for the years 2003 and 2004, with the 2005 figure showing sales up to 1st Sep 05 in several postcode districts of Southend-on-Sea.

2. Some prices have shown increases of up to 10% over 2005 to 2004 (good news for the estate agent???)

3. The number of properties actually sold has collapsed to a half from 2004 to 2005.

4. When you look for properties up for sale in these areas, only a handful of them are below this median price in each category, which must mean that these prices CANNOT represent actual new sales. This point is very important

From this you can see that either one or more of the following factors are at work:

i) The first time buyer market has collapsed (less cheaper houses are sold pushing the median price up)

ii) That people are consolidating their credit card and other loans by re-mortgaging their home at below the price of similar homes.

iii) Point 4 above shows that people are still putting their houses up at unrealistic prices

All the above 3 are bad news for estate agents and good news for those of us who are patiently waiting for the crash!

Year_SS1.doc

Year_SS1.doc

Edited by Essex57

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  • 301 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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