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Bbc - Drop In Cost Of Average Sw House

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Drop in cost of average SW house

The average cost of buying a house in the South West has dropped by more than 4% in a month, according to a report.

Figures from property group Rightmove.co.uk showed the average price of a house in Devon and Cornwall in December was £214,413.

The January price fell to £205,667 - a monthly change of about 4.1%. It is the biggest drop in the country.

Rightmove spokesman Miles Shipside said: "The geographic split is quite marked this month."

However, the annual figures for the South West show a 1.3% increase in house prices.

The report echoes a survey released by the Office of the Deputy Prime Minister, which shows house price inflation has varied in different parts of the UK.

http://news.bbc.co.uk/1/hi/england/devon/4617622.stm

Very bearish for the BBC - they're almost schizophrenic in their reporting these days

With local wages only 20% below the national average (http://www.cornwall.gov.uk/index.cfm?articleid=10641), the locals will be buying houses next!!

Edited by surfgatinho

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Drop in cost of average SW house

The average cost of buying a house in the South West has dropped by more than 4% in a month, according to a report.

Figures from property group Rightmove.co.uk showed the average price of a house in Devon and Cornwall in December was £214,413.

The January price fell to £205,667 - a monthly change of about 4.1%. It is the biggest drop in the country.

Rightmove spokesman Miles Shipside said: "The geographic split is quite marked this month."

However, the annual figures for the South West show a 1.3% increase in house prices.

The report echoes a survey released by the Office of the Deputy Prime Minister, which shows house price inflation has varied in different parts of the UK.

http://news.bbc.co.uk/1/hi/england/devon/4617622.stm

Very bearish for the BBC - they're almost schizophrenic in their reporting these days

With local wages only 20% below the national average (http://www.cornwall.gov.uk/index.cfm?articleid=10641), the locals will be buying houses next!!

I'm happy to hear any negative news at the moment - particularly down the road from me.

Be warned, they are reporting a fall in asking prices. I think the Christmas/New Year period could be expected to show a fall as some of the real selling scum bags take their houses off the market as that they don't want to be "pestered by buyers". The same time wasters will put their inflated prices back into the Rightmove system in the spring and low and behold, a spring bounce.

Xil.

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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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