spline Posted February 12, 2007 Share Posted February 12, 2007 (edited) I can find figures that go back to before 1989 at the National (and maybe regional) level, and have the graphs, but so far not for the district city/level which only go back to the trough around 1996. But I suppose the local graphs aim to show what happened recently at the local level, as this can sometimes be quite different from what's happening in the National figures. Edited February 12, 2007 by spline Quote Link to comment Share on other sites More sharing options...
deano Posted February 12, 2007 Author Share Posted February 12, 2007 (edited) Quote. 'Whilst it is understood that the N.H.B.C are still very much involved with your development in their attempts to address inherent defects, these matters are very much outside of CPM’s remit and because of this, we are solely reliant upon the information being reported back to us by third parties.' Being a member of N.H.B.C. is no indicator of biuld quality then. I thought it was. Niether does it have any clout when things go wrong, I thought it did. Its another useless toothless quango then. As for telling the Echo, just E-mail them with a link here, its there job to investigate before publishing, not ours. Perhaps Solent Radio would be interested of even TV south. Spline, your graphs amaze me, you are an asset to the thread you know!. This is interesting: http://www.home.co.uk/guides/house_prices_...&lastyear=1 It shows a fall of 30% in the sale of flats in Southampton. Edited February 13, 2007 by deano Quote Link to comment Share on other sites More sharing options...
rickpoker Posted February 13, 2007 Share Posted February 13, 2007 If rickpoker can scan a copy of the letter and post it here, one of us could pass it on and see what happens. It would need to be a scan of the actual headed letter though. Sorry i was emailed a copy of the letter (not headed) Quote Link to comment Share on other sites More sharing options...
Solvent Celt Posted February 14, 2007 Share Posted February 14, 2007 Good God. This is absolutely horrendous. If the local press were to get hold of this it would finish the market here completely. These flats are virtually unsaleable, if you can't get a mortgage on one you can't buy one, period.Actually, if the local press were to get hold of it they probably wouldn't run with it, they take too much EA advertising money. Christ it sounds like the block is potentially a complete money pit and the management company is bankrupt by the sounds of it. This could turn very nasty as the occupants see their "prestigious" apartments turn slowly into damp, squalid little flats. The management company failing to nip problems in the bud now due to lack of funds is a false economy as it will necessitate larger remedial works in the future. Water damage is an absolute ******* if left untreated. Imagine being saddled with a ridiculosly overpriced flat with no hope of reselling (especially if this letter gets out widely) PLUS a huge annual service charge. Oh dear oh dear. This may well end up in the papers and the courts. Quote Link to comment Share on other sites More sharing options...
Solvent Celt Posted February 14, 2007 Share Posted February 14, 2007 Hi everyone,I'm a new member to this site, but i have been reading your posts for many months now and have found them very useful. So anyway i've have been looking to buy a flat in Southampton (to live in, i hate gardening!!). My search has been focused around the city centre so here's my views on the following developments: Hi Rick Wow great first time post - thanks for that! If your reason for getting a flat is an aversion to gardening might you consider getting a professional gardner to design and install a low maintenance garden for you? I know it sounds extravagant BUT it would probably work out cheaper than the communal maintenance charges you will be stuck with in a flat. You could probably have them nip round to tidy up a few times a year and still be quids in. Quote Link to comment Share on other sites More sharing options...
deano Posted February 14, 2007 Author Share Posted February 14, 2007 (edited) Notice to Media. You must verify this claim yourself before proceeding at any media outlet. No one on this thread takes any responsibility for any incorrect information, period!. Edited February 14, 2007 by deano Quote Link to comment Share on other sites More sharing options...
deano Posted February 16, 2007 Author Share Posted February 16, 2007 Portsmouth Naval base is back in the news and it does not look good. I do not currently have all the information and will report more fully later. Tony Blair's re-assurance carry's virtually no value now as rumours about a complete closer surface again. If that were to happen 15,000 jobs would be lost in Gosport alone. Its already quite a sink estate in parts (Rowner etc) and this will put it into a nosedive. Portsmouth in general will suffer enormously, parasitic naval supply and service company's will move nearer to the remaining yards with further job losses. Watch this space. Quote Link to comment Share on other sites More sharing options...
deano Posted February 27, 2007 Author Share Posted February 27, 2007 London road has lost one of its estate agents, 'Townsend' appears to have shut down. I don't think it was ever a serious player though. The frantic pace of biulding has stopped. We still have three majors under construction but everything else has stopped. Nothing at the Woolston site, Ocean Village or the Mayflower. They all know its over but the spin is amazing. Nothing negative in the media at all. Quote Link to comment Share on other sites More sharing options...
Quasimodo's Hump Posted February 27, 2007 Share Posted February 27, 2007 They all know its over but the spin is amazing. Nothing negative in the media at all. An email was sent to the Echo 2 weeks ago pointing out the Charter House problems. They ignored it . Quote Link to comment Share on other sites More sharing options...
deano Posted February 27, 2007 Author Share Posted February 27, 2007 An email was sent to the Echo 2 weeks ago pointing out the Charter House problems. They ignored it . I thought they would, advertising money would be at risk. Quote Link to comment Share on other sites More sharing options...
deano Posted March 6, 2007 Author Share Posted March 6, 2007 (edited) Here's a link for a property auction resource for Southampton Repo's. http://www.findaproperty.com/searchresults...amp;areaid=0662 We have two new estate agents on London Road. Goadsby has always had a commercial arm but they have now moved into residential. RFM I think, really are a start up. Cubit and West is situated on Shirley Road but it is a rename of an Agent already there and is not an extra agent. Edited March 7, 2007 by deano Quote Link to comment Share on other sites More sharing options...
Solvent Celt Posted April 2, 2007 Share Posted April 2, 2007 There's a veritable forest of for sale/to let signs outside the new build flats just off the top of Mouse Hole Lane...anybody know what gives? Quote Link to comment Share on other sites More sharing options...
deano Posted April 3, 2007 Author Share Posted April 3, 2007 There's a veritable forest of for sale/to let signs outside the new build flats just off the top of Mouse Hole Lane...anybody know what gives? They were sold on a £99 deposit and move in basis by Barrats. They can't rent them out down Ocean Village let alone on the edge of that sink estate across the road. They were overpriced at the time but I can't remember what they were priced at. BTL brigade will have burnt fingers on this one. Quote Link to comment Share on other sites More sharing options...
deano Posted April 4, 2007 Author Share Posted April 4, 2007 (edited) Adding to previous. My guess is they were sold on a subsidised deal when new. This usually entails rent paid for a year or half mortgage paid. They will have come off this recently and shock horror they will all have come back to reality at once. This would be enough to produce a sea off signs as you describe. I don't know about the rest off the country but I can tell you, price inflation in Southampton has been static for nearly 2 years. If the brigade are expecting capital appreciation they will be disappointed. Up my street are no longer updating their graphs. A change in the way land registry publish their data has made it extremely difficult to extrapolate figures. I'm hoping it can be overcome. Lets see if the OPDM do the same to us. I would not be too trusting of data from a department so close to Prescot anyway. The Nationwide Report Link. http://www.nationwide.co.uk/hpi/historical/Q1_2007.pdf Annual change last quarter and annual change this quarter are at 6%. This is important because 90% of other areas are up, not level. The 2 that have fallen geographically near us are the Island of White and Basingstoke. Edited April 4, 2007 by deano Quote Link to comment Share on other sites More sharing options...
spline Posted April 13, 2007 Share Posted April 13, 2007 (edited) I was slightly worried that the old LR data might dry up now that they’ve moved to their new repeat-sales index, but CLG have eventually released the Q4/2006 figures , albeit a bit slow – these are the updated median price and HPI graphs around Southampton: Southampton UA http://www.houseprices.uk.net/regional/southampton.html Isle of Wight UA http://www.houseprices.uk.net/regional/isle_of_wight.html Portsmouth UA http://www.houseprices.uk.net/regional/portsmouth.html Eastleigh: http://www.houseprices.uk.net/regional/eastleigh.html Winchester: http://www.houseprices.uk.net/regional/winchester.html Edited April 13, 2007 by spline Quote Link to comment Share on other sites More sharing options...
deano Posted April 29, 2007 Author Share Posted April 29, 2007 This is interesting. http://www.houseprices.co.uk/e.php?q=the+d...+so15&n=100 I'll let you work out the respective losses, 162 The Dell is one of them. UpMyStreet graphs are out for Q4, 2007. Unfortunatly there is a dispute about the data from land registry. The sales volumns have increased by at least 400% which can't be right but they insist it is. If thats wrong it throws the price data into question as well. Be carefull what you conclude. Crayfern are biulding up on the Avenue again. I don't know what they are biulding I'll let you know. Telephone House, town center is finished. Overall there are no major new starts I know off. We are at the edge of the cliff I feel. Quote Link to comment Share on other sites More sharing options...
deano Posted May 2, 2007 Author Share Posted May 2, 2007 (edited) Land reg data for Southampton published 1st of May show 0% HPI for the month of March and 6.6% YOY to the end of March. http://www.landregistry.gov.uk/assets/libr...ts/hpir0407.pdf New auction lots are up. http://www.propwld.co.uk/auction/foxssouth.htm Thread vieings = 33823 Edited May 2, 2007 by deano Quote Link to comment Share on other sites More sharing options...
backtoparents Posted May 4, 2007 Share Posted May 4, 2007 Deano, Here's another one for you. http://www.houseprices.co.uk/e.php?q=25+ve...ampton&n=10 btp Quote Link to comment Share on other sites More sharing options...
deano Posted May 4, 2007 Author Share Posted May 4, 2007 First Quarter repossessions in Southampton are up 8% on Q1 2006 and 245 claims resulted in 180 repossessions. http://www.dca.gov.uk/statistics/mpstats/2007/reg-q1.pdf Quote Link to comment Share on other sites More sharing options...
deano Posted May 9, 2007 Author Share Posted May 9, 2007 Link. http://www.propwld.co.uk/auction/foxssouth.htm Its going through the roof. The number of Southampton plots is around 95%, it used to be about 20%. I am convinced now, I am seeing the evidence but the figures are not yet on the stats. Rent is falling, prices are falling and repo's are rocketing. We are off the cliff, freefall now. Quote Link to comment Share on other sites More sharing options...
Quasimodo's Hump Posted May 18, 2007 Share Posted May 18, 2007 What happened here? http://www.rightmove.co.uk/viewdetails-125...=2&tr_t=buy This flat has been on Rightmove as "Sold Subject To Contract" for months at a price of £449,950. Still "Sold Subject To Contract" but today the price has changed to £420,000 Quote Link to comment Share on other sites More sharing options...
Solvent Celt Posted May 18, 2007 Share Posted May 18, 2007 What happened here? http://www.rightmove.co.uk/viewdetails-125...=2&tr_t=buy This flat has been on Rightmove as "Sold Subject To Contract" for months at a price of £495,000. Still "Sold Subject To Contract" but today the price has changed to £420,000 I'd assume they changed to a lower offer which was accepted? Quote Link to comment Share on other sites More sharing options...
Guest happy? Posted May 19, 2007 Share Posted May 19, 2007 I'd assume they changed to a lower offer which was accepted? I can't help thinking you're right. There does seem to be some strong interpretation put on some very thin evidence here. For example, the statistis for repossesions are being misinterpreted: ...245 claims resulted in 180 repossessions... There is direct no relationship between claim and repossesion as stated. Claims issued for example in one quarter may not get a judgement until the next quarter. A mortgage possesion claim issued in March (Q1) may not get a judgement till July (Q3). If you look at the statistics for Southampton the actual number of possesion claims issued is static at 245, whereas the number of orders made has increased. This increase can be accounted for in any number of ways which don't support the idea of a crash - for example - several long-running complex cases could have been settled, a backlog of cases dealt with because another judge had been drafted in after one went sick preventing cases being listed etc. Similarly an 8% rise is evidence of nothing very much, examination of a much longer period would need to be made e.g. last 3 years' stats to show anything at all. Southampton if examined against other areas in Hampshire runs against the trend where the number of cases is actually dropping. Portsmouth is the only court which shows any significant trend upward but again without a longer-term picture this statistic may not be of any significance either. Similarly, the number of properties being sold at auction as evidenced by other posters is not of itself proof of a downturn leading to a trend for repossesion. It could be evidence of exactly the opposite - difficult to shift properties being sold-on on a relatively bouyant housing market. Lots 35 & 51 clearly both need modernisation and are likely to go to cash buyers e.g. those in the building-trade, and several other lots in this auction are either in a similar position or are plots with planning permission. New builds and re-furbishments are the bread and butter of auctioneers. These are not knock-down prices where BTL landlords have come unstuck - however much we might wish it to be. Quote Link to comment Share on other sites More sharing options...
deano Posted May 27, 2007 Author Share Posted May 27, 2007 (edited) BTP found this. Its a bit like property pin of Ireland. http://www.propertysnake.co.uk/site/location/1164 While we are at it. This house in Shirley with 10-20 tennants was condemed by fire safety inspectors. They put the lot out on the street there and then. They offered to pay for one nights bed and breakfast, that was it. Absolutely charming. In my opinion they should have got proper notice, a fire officer should have become resident untill they were gone. Is that hard. Off course the landlord wont suffer. He got to stay and will be allowed to keep the rent he got, no dought. Edited May 27, 2007 by deano Quote Link to comment Share on other sites More sharing options...
Guest happy? Posted May 27, 2007 Share Posted May 27, 2007 BTP found this. Its a bit like property pin of Ireland.http://www.propertysnake.co.uk/site/location/1164 While we are at it. This house in Shirley with 10-20 tennants was condemed by fire safety inspectors. They put the lot out on the street there and then. They offered to pay for one nights bed and breakfast, that was it. Absolutely charming. In my opinion they should have got proper notice, a fire officer should have become resident untill they were gone. Is that hard. Off course the landlord wont suffer. He got to stay and will be allowed to keep the rent he got, no dought. Been looking at propertysnake as recommended. Data (based on my observations in area I'm familiar with) is 100% accurate - though repeated listings (where property has been with multiple agents) gives a slightly misleading impression of overall numbers. Many of these properties were over-priced any way - I suspect that the vendor/estate agents misjudged the way the post-Christmas market was going. I think they've got into the habit of adding 10% between 31/12/xy and 02/01/xx regardless. The interest rate rises are beginning to impact. One of the clearest indicators of failed mortgages is the 'chain-free' add. In good times chain-free properties are usually vendor is going abroad or vendor is going into long-term elderly care. There has been a distinct rise in chain-free adverts recently - combination of BLT's getting out or going bust, and people abandoning house before re-possesion proceedings started by mortgagor. One cost never factored into the housing madness in the UK is the impact of it all on relationships. Failed relationships brought about by financial hardship cost the state (i.e. all of us) substantial amounts of money (divorce, maintenance, welfare, stress-related illness). I think that the next six months is going to prove very tough for some, there will be a lot of social upheaval as a cost. By Spring next year prices could be very different. Quote Link to comment Share on other sites More sharing options...
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