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House Price Crash Forum

RICS - Housing Market Slowed in January


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5 hours ago, dugsbody said:

I've still got my rightmove searches going. Where are all these opportunities from falling prices? I don't see them yet. Any examples?

 

Really depends on what you consider 'opportunity'; something that was grossly overpriced before is now just overpriced.

Houses don't really have problems selling, the bulk of falling prices I would think are caused by flats and their various issues.

Some examples, these just taken off the last 24 hours Rightmove:

https://www.rightmove.co.uk/properties/97717784#/ - Zone 2, new build with HTB: £550k last Sept, reduced to £465k today

https://www.rightmove.co.uk/properties/86000869#/ - Canary Wharf commuters, £550k in November, reduced to £450k today

 

 

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46 minutes ago, simon2 said:

Really depends on what you consider 'opportunity'; something that was grossly overpriced before is now just overpriced.

Houses don't really have problems selling, the bulk of falling prices I would think are caused by flats and their various issues.

Some examples, these just taken off the last 24 hours Rightmove:

https://www.rightmove.co.uk/properties/97717784#/ - Zone 2, new build with HTB: £550k last Sept, reduced to £465k today

https://www.rightmove.co.uk/properties/86000869#/ - Canary Wharf commuters, £550k in November, reduced to £450k today

 

 

Thanks. I guess my problem is I never wanted to own a flat. 

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Nothing on BBC about this that i can see but news on Radio 4 is that house prices in Wales have reached record highs after double digit growth. Now average is over £200k

Edited by Wayward
Typo
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1 hour ago, dpg50000 said:

Wow, VI's admitting the housing market is dropping. I'm sure it's all totally unrelated to the extension of the stamp duty holiday they're all pleading for. 🙄

 

They're only admitting it so that the government feel sorry for them and throw them a vital lifeline

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15 hours ago, highcontrast said:

Given that London's population has supposedly dropped by 10 per cent since last March there must be a certain level of excess supply - albeit it will be mostly young renters not in social housing that will form the largest element.

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