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Brighton Area


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HOLA441
now standing at 875

As I have said before the only properties I am interested in are flats under £250k as these are the FTB / BTL properties and will be the first to drop in price and increase in number.

STANDING AT 902 THIS MORNING

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Called in an EA's today to pick up that rag Latest Homes. The EA was quite friendly so I said I was looking to buy early next year. I asked him if vendors were getting more realistic in their asking prices (yes I already know they are beyond ridiculous) anyway he said they were totally unrealistic and when they go and give a valuation the vendor is always lobbing extra thousands on the asking price. He was fed up with it and told me not to buy until Christmas or early next year when they start to get the message.

BIG SMILEY FACE lost the icons.

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HOLA4413

Another Brighton anecdote from today :)

Friend sold their Brighton house back in May as they needed a larger garden for their young child. Only completed on the deal yesterday when they moved into their cheaper and larger Shoreham Beach property.

Brighton agent told my friend that they were now getting no interest in similar properties in the same road at £40k less.

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HOLA4414
Flats now up to 879 ho hum

found the same thing with properties going under offer

http://www.rightmove.co.uk/viewdetails-146...=1&tr_t=buy

NOW

http://www.rightmove.co.uk/viewdetails-901...=1&tr_t=buy

THAT IS A HUGE DROP

there are some flats at the £100k ish mark that have been on and off constantly over the last 10 months or so.

Estate agents have had a dead July and August and september is even worse. I deal with them a lot and other mortgage brokers and it is game over at the moment.

These are two different properties one a studio and one is a one bedroom they haven't drop in price at all

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HOLA4416
http://www.theargus.co.uk/mostpopular.var....ket.php#commets

Just been reading old threads was away last week and came accross the above, hope I've done the link ok.

The comments were brilliant.

I think I know who Ads is and I've got an idea about Wayne, so is anyone going to own up.

Thanks for the link - very funny. I do think the 'B' agent has done a bit of a 'Ratner'. Who in their right mind would use his agency now? When I used to see my Mum in Brighton I could never understand where all those flash cars came from. I realised there was the London money and so called 'Pink Pound', but apart from the students, everybody seemed to be driving round in new Porsches, BMWs and Audis. On finding this site, it finally dawned on me that it was all MEW money! I was thinking that I must be doing something wrong, but it looks as though my lack of profligacy will pay off in the end.

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HOLA4417
http://www.theargus.co.uk/mostpopular.var....ket.php#commets

Just been reading old threads was away last week and came accross the above, hope I've done the link ok.

The comments were brilliant.

I think I know who Ads is and I've got an idea about Wayne, so is anyone going to own up.

Wow, there's some really textbook trolling going on on that comments page! First class stuff.

Your Hired!

No ofcourse your not you stupid little boy, or in this case rival, jeleous, Agent.

What none of you can realise is the effort, hard work, stress and commitment this job requires.

The Indepedant recently listed the UK's 100 Toughest Jobs, and Estate Agency Was No. 1

So don't give me a hard time just because I'm a confident, articulate, attractive and successful businessman.

Own up, which one of you is 'Sean Bidwell'. :lol:

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HOLA4419
I have been keeping a eye on the amount of transactions in the Brighton area using Home.co.uk property price tables.

The latest figures are for Aug 2007 - 198 properties sold.Not many compared with Aug 2006 759 sold :blink:

http://www.home.co.uk/guides/sold_house_pr...8&year=2007

I did a quick search of properties between 200k-300k added within the last 2 weeks to get a sense of the market..of the 204 proprties listed, 6 are under offer & 7 are sold STC, all but one in the sub 250k price bracket..Does anyone know how it compares with past volumes?I know its very crude but does this suggest a significant slowdown?

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I`ve been watching this one for the last 2 weeks to get a sense of where the market is heading. I don`t know how long its been on the market for(my guess is < 4 weeks) but its been reduced by 10k already..Not a significant reduction but it still gives me hope..

http://www.rightmove.co.uk/viewdetails-893...=2&tr_t=buy

What's interesting is that properties on the street were selling at around 350k in 2004-2005 so this one has seen 0% HPI in the last couple of years..I would like to imagine that this house is being marketed at a nominal loss ;)

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HOLA4423
I`ve been watching this one for the last 2 weeks to get a sense of where the market is heading. I don`t know how long its been on the market for(my guess is < 4 weeks) but its been reduced by 10k already..Not a significant reduction but it still gives me hope..

http://www.rightmove.co.uk/viewdetails-893...=2&tr_t=buy

What's interesting is that properties on the street were selling at around 350k in 2004-2005 so this one has seen 0% HPI in the last couple of years..I would like to imagine that this house is being marketed at a nominal loss ;)

I looked at one of those to rent. Old fixtures and fittings gold taps etc. I found it quite depressing. No life or atmosphere. I'm not surprised they haven't gone up in value. There's not even a shop anywhere near. I later spoke with a friend who said she had looked around when they had just been built, said there was social housing or something like that at the back. Noticed the neighbours were mostly elderly or the Sussex cricket team.

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Hi guys,

What's happening with these flats do you think? New development and being auctioned by the mortgagees.

<a href="http://www.primelocation.com/uk-property-f.../ALAC999000925/" target="_blank">http://www.primelocation.com/uk-property-f.../ALAC999000925/</a>

or try this url if it's doesn't work

<a href="http://*******.com/2squ2h" target="_blank">http://*******.com/2squ2h</a>

I think that there is a second one as well.

Found it

http://*******.com/yuzsry

regards,

Flopsy

Edited by Flopsy
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