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crazypabs

Reading house price falling fast

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Sort of. Says in the year to August they fell but what are they doing year on year?

I fully expected a drop when, or just before, crossrail opens. Too many downfromlondon spivs jumping in the second it was announced and prices jumped by 30%. 

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A bit anecdotal, but I have noticed in Reading asking prices has fallen (which presumably translates in paid prices).

Terraces were asking over £300k last year but now most are below this around £290k, so I guestimate a 7% yoy drop.  Late 1800s terraces tend to be nearer rail links so maybe more sensitive to cross rail delays on top of overshooting in price anyway.

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3 hours ago, nightowl said:

A bit anecdotal, but I have noticed in Reading asking prices has fallen (which presumably translates in paid prices).

Not sure how it can be anecdotal if these are facts and figures from land registry?

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30 minutes ago, crazypabs said:

Not sure how it can be anecdotal if these are facts and figures from land registry?

It seems to be - the above data is from the ONS

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In no particular order:

MMR.

Loss of high paying jobs.

Increase in train fares.

Reduction of benefits.

M4 and road congestion.

 

 

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  • 149 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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