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Is Shropshire heading for a house price crash?

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8 minutes ago, crashmonitor said:

Depends where in Shropshire you are. Stuff still commands a price in the urban south around Telford. If you want a rural turreted retreat in the North on a  quiet country lane, well it's bloody bombed sub 2004 prices......

 

http://www.rightmove.co.uk/property-for-sale/property-47775387.html

wow. Makes West Yorkshire's offerings in that price range look awful :(

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2 minutes ago, Northern Welsh Midlander said:

wow. Makes West Yorkshire's offerings in that price range look awful :(

It's not a bad area actually on the Cheshire border just south of Audlem. I always detour that way on the way to Wales because I rather like the quiet country lanes around there.

No BTL, no migration and tbh you are out of the property boom altogether.

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“London and the south-east will be far more affected by Brexit in terms of losing a good part of the City, and the international drug testing centre which employs a lot of highly skilled people on high salaries."


Whhhhaaaaatttt? How big is this drug testing centre? :blink:

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3 minutes ago, wotsthat said:

Seriously, what is going on here, why have the MSM gone so bearish and so rapidly.

What has the Sun discovered thats we are going to find out later this week with RICS , call me an old cynic but investigative journalism is hardly their strong point.

General election result was a bit of a watershed moment. There was a media assumption that everything was hunky dory with the economy etc and May would be given a huge majority. Now we appear to be questioning everything and sentiment is down big time. Sentiment in itself is probably enough to sink the Market.

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6 minutes ago, wotsthat said:

Seriously, what is going on here, why have the MSM gone so bearish and so rapidly.

What has the Sun discovered thats we are going to find out later this week with RICS , call me an old cynic but investigative journalism is hardly their strong point.

Something's going on....somehow the MSM got the green light to talk about house price crashes - either this is because it's been permitted, or there's some other nefarious reason.

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“Interest rates are still extremely low, whereas in the 1990s they were very much higher, so perhaps you wouldn’t expect it to be quite that severe."

OR, prices are now falling with no IR rises, record unemployment, easy credit and every prop going.

Can't go lower when SHTF, where's the wiggle room?

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3 minutes ago, canbuywontbuy said:

Something's going on....somehow the MSM got the green light to talk about house price crashes - either this is because it's been permitted, or there's some other nefarious reason.

3 options:

 

1: government/bankers know IR rises are coming or they want a crash

2: market already tanking and everyone knows it

3. Trying to put the fear of god in the old boomers who voted leave before calling a 2nd referendum.

 

Take your pick..got to be one of those 

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20 minutes ago, TheCountOfNowhere said:

3 options:

 

1: government/bankers know IR rises are coming or they want a crash

2: market already tanking and everyone knows it

3. Trying to put the fear of god in the old boomers who voted leave before calling a 2nd referendum.

 

Take your pick..got to be one of those 

House prices are already crashing in Canada.

Carney's magic touch will spellbind the UK in the coming months. We're moving in the "prestige" part of his act. 

He's the master of instablity and doubt.  His job was to extinguish aspiration and get the masses under the jackboot of the government once more.  Job done.

Prices will drop, but will cause a real fustercluck of doubt through every part of society.  It will coincide with an economic collapse, and nobody will benefit.

Edited by canbuywontbuy

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47 minutes ago, canbuywontbuy said:

House prices are already crashing in Canada.

Carney's magic touch will spellbind the UK in the coming months. We're moving in the "prestige" part of his act. 

He's the master of instablity and doubt.  His job was to extinguish aspiration and get the masses under the jackboot of the government once more.  Job done.

Prices will drop, but will cause a real fustercluck of doubt through every part of society.  It will coincide with an economic collapse, and nobody will benefit.

Apart from the rich....who will all be sitting in cash now, ready to buy at sane prices.

If sales are heading to zero then the bankers need a collapse sharpish.

There is one other option....WAR,

A generation priced out....no mortgage...can easily be sent out to die without affecting the economy.

Now, there's an evil thought.  Luckily, we live in Great Britain, who all throughout history has been nothing but nice, to everyone, especially the Irish and Black people.

Edited by TheCountOfNowhere

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6 hours ago, crashmonitor said:

Depends where in Shropshire you are. Stuff still commands a price in the urban south around Telford. If you want a rural turreted retreat in the North on a  quiet country lane, well it's bloody bombed sub 2004 prices......

 

http://www.rightmove.co.uk/property-for-sale/property-47775387.html

vs-

http://www.rightmove.co.uk/property-for-sale/property-49315164.html?utm_content=v2-ealertspropertyimage&utm_medium=email&utm_source=emailupdates&utm_campaign=emailupdates1day&utm_term=buying&sc_id=20345954&onetime_FromEmail=true

!!!

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I wouldn't say the bubble hasn't affected this area however; where we are (not far from Adderley) prices between 100 and 200k appear to have taken a 30k+ hike in the last twelve months alone. Still cheap houses on a national scale, but the feckers finally got the tinder to light.

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Although media talking up a crash is great unfortunately prices are still insane where I am looking to buy. I STR'd 12 months ago and I am still seeing sky high priced properties being snapped up:

 

1 River's Edge, Tibberton, TF10
http://www.rightmove.co.uk/new-homes-for-sale/property-54735721.html

 

Tibberton, Newport
http://www.rightmove.co.uk/property-for-sale/property-60337633.html

 

Still, I do feel we're on the brink..... finally

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I really like Shropshire, if I ever move back to the UK, it will be to there.

 

Problem is, apart from Telford, there is not too much in the way of economic activity.  

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