Jump to content
House Price Crash Forum
Sign in to follow this  
MEtallic

Loughborough, Leics., Hpc Well And Truly There

Recommended Posts

Does seem to be a hell of a number of properies coming on to the Loughborough market early this year. However, I think the better areas of Loughborough (forest side) and the better villages like Quorn will be OK even if a crash comes around.

God help those that have just bought one of the new two bed houses in Shepshed at 5-6 times the average wage for the area!!!! Shepshed is a little traditional working town just on the other side of the M1 from Loughborough and the prices were dragged up on the back of Loughborough's exploding prices - partially due to rich mummies and daddies buying accomodation for the little student darlings (shouldn't sound so bitter though - i used to be one). :P

Share this post


Link to post
Share on other sites

I've updated the graphs.

What is interesting is the dramatic drop in house sales (14 for the month of March) for a town of more than 40,000.

Also is the dramatic drop in the total value of the housing stock sold, from about £23m at the peak in Jan 2004 to only £2.3m in March.

Many EA's must be feeling the pinch as with about 10 agents in L'boro employing an average of 3 people each, a turnover of £2.3m is only £1150 for each employee (at a commission rate of 1.5% per property).

Doc2.doc

Doc3.doc

Doc2.doc

Doc3.doc

Share this post


Link to post
Share on other sites

I've updated the graphs.

What is interesting is the dramatic drop in house sales (14 for the month of March) for a town of more than 40,000.

Also is the dramatic drop in the total value of the housing stock sold, from about £23m at the peak in Jan 2004 to only £2.3m in March.

Many EA's must be feeling the pinch as with about 10 agents in L'boro employing an average of 3 people each, a turnover of £2.3m is only £1150 for each employee (at a commission rate of 1.5% per property).

Amazing stuff! 14 transactions!

Prices holding firm but this market is clearly dead.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.