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Jonnybegood

Anyone Else Noticed

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Don't know whether its just in my part of Wales or other parts of the country but it seems that lower priced properties have increased the most over the past 5-6 years.

Your 3 bed bed terrace £32k back in 2001 now £98k

Your £40k 3 bed semi back in 2001 is now £120k

Your 4 bed detached £125k back in 2001 now £225k

The more expensive 3 bed semis back in 2001 £80k are now £160k so even though doubled are no where near the trebling of the lower priced semis.

I know why the cheaper houses have increased by larger multiples as they appeal to FTBs and BTL where as the more expensive property are out of reach.

How do you think this will pan out if we have an HPC, The homes that trebled get hit hardest or is it a case that they were too cheap before and just come in line to where they should be.

If property was to fall 30% then a terrace bought back in 2001 will be worth around £70k where as a £160k semi suddenly falls to £112k which makes a price difference of £42k the closest these 2 types of properties have ever been.

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