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gruffydd

Seeing Substantial Price Falls In W Wales

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Just been scanning advertized house prices versus achieved prices, in Ceredigion, Pembrokeshire - some massive falls underway.

Pembrokeshire has been whacked over a few years, anyway - saw one house in the middle of the county (£400,000 at peak of market a few years ago) sell for £210,000.

More typically falls seem to be coming in at 10-25% over the last few months - assume worsening after Brexit.

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Just been scanning advertized house prices versus achieved prices, in Ceredigion, Pembrokeshire - some massive falls underway.

Pembrokeshire has been whacked over a few years, anyway - saw one house in the middle of the county (£400,000 at peak of market a few years ago) sell for £210,000.

More typically falls seem to be coming in at 10-25% over the last few months - assume worsening after Brexit.

Good news.Any chance of a linky so I can gawp?

I don't know the area but it always amazes me when areas with no industry have sky high house prices

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I'm please that prices are falling some where. I'm in Oxon and a house down the road OX14 in 2007-2008 after a divorce was up for 350K. Back then I said while walking the dog with the other half, who's gonna pay that. Now its for sale for 600K.

Does no one ask the simple question - Where would I get that money from? and then if I don't know why do I expect someone else to find it?

You know what's more irritating, I see the lass in the chippy where she gets discounted fish & chips while I gotta pay full price. F***ing UK

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Good news.Any chance of a linky so I can gawp?

I don't know the area but it always amazes me when areas with no industry have sky high house prices

But people who work in industry don't drive house prices.

Pembrokeshire prices are dictated by people with money (recently retired) going there (to retire).

If that process slows down then prices will go down.

[frankly I don't know why people would want to retire in west Wales. Middle of nowhere, takes ages for relatives/friends to come to see you, entertainment/shops/hospital miles away. And I'm from that part of the world... The process used to be, people retire/get all good-life/run away from something, hang around for a few years, leave all fed up. Don't know if it is still like that.]

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"[frankly I don't know why people would want to retire in west Wales. Middle of nowhere, takes ages for relatives/friends to come to see you, entertainment/shops/hospital miles away. And I'm from that part of the world... The process used to be, people retire/get all good-life/run away from something, hang around for a few years, leave all fed up. Don't know if it is still like that.]"

When you've grown up and lived in this country for 40 years or more you become fed up of the purile entertainment, don't want anything from the naff shops and if you are still in rude health you will know exactly why a lot of people want to get away from 90% of its inhabitants and 50% of your relatives.

Edited by ChewingGrass

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"[frankly I don't know why people would want to retire in west Wales. Middle of nowhere, takes ages for relatives/friends to come to see you, entertainment/shops/hospital miles away. And I'm from that part of the world... The process used to be, people retire/get all good-life/run away from something, hang around for a few years, leave all fed up. Don't know if it is still like that.]"

When you've grown up and lived in this country for 40 years or more you become fed up of the purile entertainment, don't want anything from the naff shops and if you are still in rude health you will know exactly why a lot of people want to get away from 90% of its inhabitants and 50% of your relatives.

They go and live down there they'll be spitting distance of 100% of my relatives.

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But people who work in industry don't drive house prices.

Pembrokeshire prices are dictated by people with money (recently retired) going there (to retire).

If that process slows down then prices will go down.

[frankly I don't know why people would want to retire in west Wales. Middle of nowhere, takes ages for relatives/friends to come to see you, entertainment/shops/hospital miles away. And I'm from that part of the world... The process used to be, people retire/get all good-life/run away from something, hang around for a few years, leave all fed up. Don't know if it is still like that.]

I'd happily retire there the beaches and scenery are stunning in summer. The only problem is the weather in winter.

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I'm please that prices are falling some where. I'm in Oxon and a house down the road OX14 in 2007-2008 after a divorce was up for 350K. Back then I said while walking the dog with the other half, who's gonna pay that. Now its for sale for 600K.

Does no one ask the simple question - Where would I get that money from? and then if I don't know why do I expect someone else to find it?

You know what's more irritating, I see the lass in the chippy where she gets discounted fish & chips while I gotta pay full price. F***ing UK

I don't understand this really. I can't afford 600k either. But people can and do get the money otherwise they wouldn't sell. So that's the market price. Where they get the money from is their business but's probably not earnt. Who knows where it comes from. Probably pooled from various relatives. But that's just life in the UK. Nepotism everywhere. Reward does not increase with how hard you work

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I'd happily retire there the beaches and scenery are stunning in summer. The only problem is the weather in winter.

That describes a nice place to have a holiday. Living in a place full time takes a bit more.

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That describes a nice place to have a holiday. Living in a place full time takes a bit more.

I'm not sure what point you're trying to make really. Everywhere has benefits and everywhere has negatives. My mum moved there from suburbia in the SE. Some days she hates it but others she wouldn't live anywhere else.

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But people who work in industry don't drive house prices.

Pembrokeshire prices are dictated by people with money (recently retired) going there (to retire).

If that process slows down then prices will go down.

[frankly I don't know why people would want to retire in west Wales. Middle of nowhere, takes ages for relatives/friends to come to see you, entertainment/shops/hospital miles away. And I'm from that part of the world... The process used to be, people retire/get all good-life/run away from something, hang around for a few years, leave all fed up. Don't know if it is still like that.]

The demand is mostly from second home owners these days,there are places that resemble ghost towns for most of the year

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Seems to be more top end of the market that is seeing these reductions, from what I'm seeing in Anglesey/Gwynedd lower end prices are still just as delusional as ever.

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I'd happily retire there the beaches and scenery are stunning in summer. The only problem is the weather in winter.

Easy solution to that, with the thousands you save pick up a bolt hole around the med somewhere for €50k or less and escape for a a bit more warmth or try the mobile motorhome method. ;)

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I'm not sure what point you're trying to make really. Everywhere has benefits and everywhere has negatives. My mum moved there from suburbia in the SE. Some days she hates it but others she wouldn't live anywhere else.

Oh, I've just got a massive chip on my shoulder about having to move away to find work while paying taxes for retired people to enjoy what I'd like to enjoy. And they don't even enjoy what they get in peace, but start moaning about how there isn't a cinema, or a free gym, or a bus service, or a cottage hospital, or free parking, and that there are too many tourists, and that Welsh people rudely speak Welsh all the time, and that you can't read road signs there (haha, nice that people can't be bothered to understand the pronunciation rules of the different parts of this United Kingdom), and that it rains in winter*.

* and in spring, summer and autumn.

Edited by dgul

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Good news.Any chance of a linky so I can gawp?

I don't know the area but it always amazes me when areas with no industry have sky high house prices

No link I'm afraid - was just scanning through prices achieved versus advertised prices for a few hours.

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But people who work in industry don't drive house prices.

Pembrokeshire prices are dictated by people with money (recently retired) going there (to retire).

If that process slows down then prices will go down.

[frankly I don't know why people would want to retire in west Wales. Middle of nowhere, takes ages for relatives/friends to come to see you, entertainment/shops/hospital miles away. And I'm from that part of the world... The process used to be, people retire/get all good-life/run away from something, hang around for a few years, leave all fed up. Don't know if it is still like that.]

Main part of the economy (with good wages) is public sector - perhaps 70% - and with cutbacks... big chunk of local market has gone. My home village is full of wealthy Londoners - they find it relaxing I guess - and there isn't any crime... just back from Ireland and if you want rural crime, try there... houses CCTV'd up to high heaven!

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Oh, I've just got a massive chip on my shoulder about having to move away to find work while paying taxes for retired people to enjoy what I'd like to enjoy. And they don't even enjoy what they get in peace, but start moaning about how there isn't a cinema, or a free gym, or a bus service, or a cottage hospital, or free parking, and that there are too many tourists, and that Welsh people rudely speak Welsh all the time, and that you can't read road signs there (haha, nice that people can't be bothered to understand the pronunciation rules of the different parts of this United Kingdom), and that it rains in winter*.

* and in spring, summer and autumn.

Totally agree.

But this applies to a lot of places, except the language part perhaps. Where I live in rural Kent I'm sick to death of Londoners moving down here and driving up prices and the village pub becomes another identikit "country pub" full of out of towners buying overpriced wine.

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The demand is mostly from second home owners these days,there are places that resemble ghost towns for most of the year

Most demand is from locals I would say, in places I know... then second home owners and retirees / good life seekers.

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Most demand is from locals I would say, in places I know... then second home owners and retirees / good life seekers.

Yes - but prices are dictated at the margin by the most affluent of those 3 groups.

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Just been scanning advertized house prices versus achieved prices, in Ceredigion, Pembrokeshire - some massive falls underway.

Pembrokeshire has been whacked over a few years, anyway - saw one house in the middle of the county (£400,000 at peak of market a few years ago) sell for £210,000.

More typically falls seem to be coming in at 10-25% over the last few months - assume worsening after Brexit.

Is the extra council tax on 2nd homes making a difference?

Owners of second homes and long-term empty properties in Pembrokeshire and on Anglesey will be charged extra for their council tax.
Anglesey council voted through a 25% rise with Pembrokeshire introducing a 50% increase on Thursday.
Other local authorities in Wales are considering similar premiums under new powers introduced by the Welsh Government.
The increases will come into effect in April, 2017.

I was on Anglesey earlier in the year and met a retired couple who had bought a bungalow there last year and they were very upset about it. They told me house prices were certain to fall. When I suggested that might enable local people to buy, it didn't ease their pain. Their larger main house was all the way away in Deganwy!

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Rhosneigr on Anglesey is a holiday home ghetto, you can drive through a particular estate there after dark in winter and it's quite eerie, it is the very definition of a ghost town, every single house in darkness and no sign of life, these are expensive houses as well, you won't find anything below £250k.

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Main part of the economy (with good wages) is public sector - perhaps 70% - and with cutbacks... big chunk of local market has gone. My home village is full of wealthy Londoners - they find it relaxing I guess - and there isn't any crime... just back from Ireland and if you want rural crime, try there... houses CCTV'd up to high heaven!

Ceredigion was about the most pro Remain..with its rural and pubic sector subsidies.

Why in Gods name the English pay a premium to live cheek to cheek in terraced houses in places like Aberaeron. Inland much nicer.

Edited by crashmonitor

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I'm please that prices are falling some where. I'm in Oxon and a house down the road OX14 in 2007-2008 after a divorce was up for 350K. Back then I said while walking the dog with the other half, who's gonna pay that. Now its for sale for 600K.

Does no one ask the simple question - Where would I get that money from? and then if I don't know why do I expect someone else to find it?

You know what's more irritating, I see the lass in the chippy where she gets discounted fish & chips while I gotta pay full price. F***ing UK

600K? Let me guess "Silver Splitters" (pensioners) wanting to keep as much wealth, with others funding their retirement including when they half themselves. Am I right?

Regarding the chip shop you would need titties (as you probably know.) The lass might see the man vending them as a bit of a fool and goes with it for cheap food why not. I'd feel like a mug if I were him.

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