Newsflash

[Ketterinboy]

Guess what? There not falling!!!!!!!!!!

I have seen no proof of any houses in my area (nn15) falling in price!

All i have seen is rises, which means im going to be renting for longer, good for the landlord but bad for me!

In January 2006 asking prices for a modern 2 bed terrace = £110,000,March = £119,999 after gorden clown rose the stamp duty = £124,999 and no im seeing some ppl asking £129,999!

Im guessing that other people in other areas are seeing a house price drop, but on HPC shouldn't it read "house prices are dropping in some areas" rather than "house prices are dropping".

Before anyone says £125k for a 2 bed modern terrace is cheap, wages in this area average less than £21k.

Cheers

KETTERINBOY

[Casual Observer]

Guess what? There not falling!!!!!!!!!!

I have seen no proof of any houses in my area (nn15) falling in price!

All i have seen is rises, which means im going to be renting for longer, good for the landlord but bad for me!

In January 2006 asking prices for a modern 2 bed terrace = £110,000,March = £119,999 after gorden clown rose the stamp duty = £124,999 and no im seeing some ppl asking £129,999!

Im guessing that other people in other areas are seeing a house price drop, but on HPC shouldn't it read "house prices are dropping in some areas" rather than "house prices are dropping".

Before anyone says £125k for a 2 bed modern terrace is cheap, wages in this area average less than £21k.

Cheers

KETTERINBOY

I couldn't believe it when the stamp duty threshold was increased at the bottom end. It was obvious that prices in that range would rise to the new level.

Prices still rising slightly in my area (Shenfield, Essex)

Edited July 12, 2006 by Casual Observer

[Realistbear]

We are down in the West Midlands. East Midlands worse. Employment situation becoming bleak as manufacturing closes down and no new jobs to replace ones lost. Today's grim unemployment data from the ONS will further dampen sentiment sending prices spiralling downward at the end of summer as the glut of new listings placed in the Spring fail to move. IR hikes will only exacerbate the situation with more of the same in the months, and possibly years, to come.

You are lucky (unlucky if you are a FTB) where you are that prices are going up--must reflect the increases in salaries down your way?

[Casual Observer]

You are lucky (unlucky if you are a FTB) where you are that prices are going up--must reflect the increases in salaries down your way?

What's lucky about it? Rising prices for housing is a bad thing in my opinion.

[zag2me]

I would jump at the chance of a modern 2 bedroom terrace for 130k Does Kettering get much sun?

[Realistbear]

Just did a quick LR search for your area, looks like prices are down a little for some properties and up for others:

Semis:

Kettering

£135,167 -0.7%

Flats much stronger:

Kettering

£95,659 1.2%

http://news.bbc.co.uk/1/shared/spl/hi/in_d...tml/34ue.stm?se

What's lucky about it? Rising prices for housing is a bad thing in my opinion.

Totally agree. No one profits except the VIs who loan the money, the EAs who get the commissions and the Government who collect the stamp duty and death taxes--and cgt is its a BTL.

I can't help but see reports of rises as a little suspicious and worthy of the

[Casual Observer]

Just did a quick LR search for your area, looks like prices are down a little for some properties and up for others:

Semis:

Kettering

£135,167 -0.7%

Flats much stronger:

Kettering

£95,659 1.2%

http://news.bbc.co.uk/1/shared/spl/hi/in_d...tml/34ue.stm?se

Totally agree. No one profits except the VIs who loan the money, the EAs who get the commissions and the Government who collect the stamp duty and death taxes--and cgt is its a BTL.

And property speculators

And people who are trading down to a smaller house or cheaper area.

And people who inherit the value of a property.