Sunday, March 15, 2009
50% fall from peak already
Look at house numbers 16 and 28. Both are 4 bed detached houses and were sold around 2005 for around 500K. 28 was sold 2 years later for 1.1M completing in Oct 2007, right at the peak. No. 16 has just been sold for a smidgen over it's 2005 value at 520K. Although each of these houses are individual and detached they are all basically on the same size plot. So whatever refub was completed on 28 it's still a 4 bed house in Surrey.