Jump to content
House Price Crash Forum
Sign in to follow this  
Mikhail Liebenstein

County-by-county: Completion Prices As A Percentage Of Asking Prices

Recommended Posts

http://timesbusiness.typepad.com/money_web...ry-by-coun.html

Not sure if this has been posted already, but it makes interesting reading. The Times has a list of percentage of asking prices achieved on a County by County basis. Of course I am not sure if this included any earlier reductions in asking price, I assume probably not:

Dorset 88.9%

Teesside 88.9%

Berkshire 89.3%

West Sussex 89.6%

London - East 89.7%

London - North 89.7%

Wiltshire 89.7%

London - West 89.9%

North Wales 89.9%

Gloucestershire 90.1%

London - South East 90.1%

Cambridgeshire 90.2%

Cornwall 90.2%

Hampshire 90.2%

London - North West 90.3%

Avon 90.4%

South Wales 90.4%

London - South West 90.5%

Mid Wales 90.5%

Birmingham 90.6%

Norfolk 90.6%

Northumberland 90.6%

South Lincolnshire 90.6%

Greater Manchester 90.7%

Buckinghamshire 90.8%

East Sussex 90.8%

Somerset 90.8%

Warwickshire 90.9%

National 90.9%

Bedfordshire 91%

Merseyside 91%

Nottinghamshire 91%

Shropshire 91%

Devon 91.1%

Lancashire 91.1%

Derbyshire 91.2%

Hertfordshire 91.2%

Northamptonshire 91.2%

Staffordshire 91.2%

Tyne and Wear 91.2%

Essex 91.3%

Leicestershire 91.4%

Suffolk 91.4%

Cheshire 91.5%

Hereford and Worcester 91.5%

South Yorkshire 91.5%

North Yorkshire 91.6%

County Durham 91.8%

North Lincolnshire 91.8%

Oxfordshire 91.9%

Central London & City 92.1%

Kent 92.1%

West Midlands 92.2%

Surrey 92.5%

West Yorkshire 92.7%

Cumbria 94%

East Riding of Yorkshire 94.7%

Share this post


Link to post
Share on other sites

Thanks for the list and confilms what i've always said that in a normal market it is customery to knock 10% off the asking price.

only trouble is we should not be in a normal market as if we are past the crash so i would have guest 20% would be more the norm and maybe i need to wait a bit longer.

Share this post


Link to post
Share on other sites
Thanks for the list and confilms what i've always said that in a normal market it is customery to knock 10% off the asking price.

only trouble is we should not be in a normal market as if we are past the crash so i would have guest 20% would be more the norm and maybe i need to wait a bit longer.

From what I recall, in a normal market (presumably normal to estate agents ie rising), prices on average achieve 96.5% of asking price. I guess the point about that is that in a rising market, even if a property is 10% overvalued the market eventually catches up.

With these figures, I think we are seeing sellers accepting lower offers, but we do need to remember this data almost certainly doesn't include cuts in the original asking price.

Share this post


Link to post
Share on other sites

There is unfortunately no information for Northern Ireland but it has been standard (for the last 2 years) that sale price would be significantly greater than 100% of asking. So in other words demand has by far outstripped supply.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 401 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.