Favre Posted March 22, 2007 Report Share Posted March 22, 2007 Please feel free to rip me to pieces if i'm wrong, but have just been checking average house selling prices in my area and they are DOWN 15% yoy. http://www.home.co.uk/guides/house_prices_...&lastyear=1 Makes me feel a little happier knowing that the "prices only ever go up" saying couldn't be any more wrong. looking to move out from home and start renting within a 15 months, bring on further price drops! Favre Quote Link to post Share on other sites
adren Posted March 22, 2007 Report Share Posted March 22, 2007 Please feel free to rip me to pieces if i'm wrong, but have just been checking average house selling prices in my area and they are DOWN 15% yoy.http://www.home.co.uk/guides/house_prices_...&lastyear=1 Makes me feel a little happier knowing that the "prices only ever go up" saying couldn't be any more wrong. looking to move out from home and start renting within a 15 months, bring on further price drops! Favre And don't forget. 15% downwards is the same as 17.5% upwards So ignore all the inevitable comments like "huh, so you're back to where you would have been if you had bought in [insert year here]". Good luck. Keep saving. Make low offers. Make them pips squeak. Take pics of the EA's faces with your Nokia and post them on here. Now THATS property porn! Quote Link to post Share on other sites
Damik Posted March 22, 2007 Report Share Posted March 22, 2007 And don't forget.15% downwards is the same as 17.5% upwards So ignore all the inevitable comments like "huh, so you're back to where you would have been if you had bought in [insert year here]". Good luck. Keep saving. Make low offers. Make them pips squeak. Take pics of the EA's faces with your Nokia and post them on here. Now THATS property porn! I am not so sure .... http://www.upmystreet.com/property/prices/...hitley+Bay.html Quote Link to post Share on other sites
Guest Yeahbutnocrash Posted March 22, 2007 Report Share Posted March 22, 2007 (edited) There is no entry for the most expensive type of property in 2007 - That would push the average down I expect For a true comparison you'd need to ensure the selling prices of exactly the same type of property is being compared between one period and the next ..................Jan 2006........Jan 2007....Change Detached £298,161...........-................-...... Edited March 22, 2007 by Yeahbutnocrash Quote Link to post Share on other sites
Guest Yeahbutnocrash Posted March 22, 2007 Report Share Posted March 22, 2007 And don't forget.15% downwards is the same as 17.5% upwards So ignore all the inevitable comments like "huh, so you're back to where you would have been if you had bought in [insert year here]". Good luck. Keep saving. Make low offers. Make them pips squeak. Take pics of the EA's faces with your Nokia and post them on here. Now THATS property porn! I think it's possible the figures here are not being interpreted or understood correctly Values may be falling a bit but you can't tell that for certain from these figures Quote Link to post Share on other sites
nohpc Posted March 23, 2007 Report Share Posted March 23, 2007 It looks to me like prices are up in general yoy apart from one type of property which is sold in low volume? Sorry to ruin your happy moment but I don't think you have read the figures correctly. Quote Link to post Share on other sites
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