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AteMoose

Expensive New Flats And New Property, Expensive Terrace Houses, Cheap 4/5 Bedroom Newish Houses

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Is it a uk wide trend, but in worcester the price of bigger houses have been dropping for two years, but there are ALOT of new build flats (over a 1000 if all the planning goes through) and houses at excessive prices. The new builds seemed to be snapped up at very silly prices, and price of these flats also seems to be pushing up the lower end of the market, but having no effect on bigger houses. Its a very odd market, 2 bedroom flats costing more than some 5 bedroom executive houses, and terrace houses almost costing as much as a 3/4 bedroom executive house....

265k new build flats....

http://www.rightmove.co.uk/viewdetails-721...=1&tr_t=buy

new build terrace from £349,995

http://www.rightmove.co.uk/viewdetails-721...=1&tr_t=buy

167k for a nasty flat on the outskirts

http://www.rightmove.co.uk/viewdetails-118...=4&tr_t=buy

159k for a terrace

http://www.rightmove.co.uk/viewdetails-504...56&tr_t=buy

But at the same time....

220k for a 3 bedroom detached

http://www.rightmove.co.uk/viewdetails-477...31&tr_t=buy

3 bed town house

http://www.rightmove.co.uk/viewdetails-119...37&tr_t=buy

3 bed town house

http://www.rightmove.co.uk/viewdetails-121...48&tr_t=buy

Edited by moosetea

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Is it a uk wide trend, but in worcester the price of bigger houses have been dropping for two years, but there are ALOT of new build flats (over a 1000 if all the planning goes through) and houses at excessive prices. The new builds seemed to be snapped up at very silly prices, and price of these flats also seems to be pushing up the lower end of the market, but having no effect on bigger houses. Its a very odd market, 2 bedroom flats costing more than some 5 bedroom executive houses, and terrace houses almost costing as much as a 3/4 bedroom executive house....

265k new build flats....

http://www.rightmove.co.uk/viewdetails-721...=1&tr_t=buy

167k for a nasty flat on the outskirts

http://www.rightmove.co.uk/viewdetails-118...=4&tr_t=buy

159k for a terrace

http://www.rightmove.co.uk/viewdetails-504...56&tr_t=buy

But at the same time....

220k for a 3 bedroom detached

http://www.rightmove.co.uk/viewdetails-477...31&tr_t=buy

3 bed town house

http://www.rightmove.co.uk/viewdetails-119...37&tr_t=buy

3 bed town house

http://www.rightmove.co.uk/viewdetails-121...48&tr_t=buy

I read an article last year that said people (especially boomers and retired gentlefolk) would be downsizing more and this would drop the prices on larger homes and make smaller homes more attractive. Perhaps the miracle economy is pricing people out of their semis and detached homes where heating and council taxes are becoming too much of a strain.

Worcester is an odd place for any kind of HPI as there doesn't seem to be much in the way of industry there with the pottery business long gone.

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  • 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%



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