We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
10 towns beating the housing slump - and the 10 worst affected
PasturesNew
Posts: 70,698 Forumite
10 towns beating the housing slump - and the 10 worst affected
http://timesbusiness.typepad.com/money_weblog/2009/01/the-ten-towns-where-property-is-selling-fastest-and-slowest-best-and-ten-worst-towns-to-sell-your-ho.html
Here are ten English and Welsh towns where the housing market remains buoyant and properties are still being snapped up. This is followed by the ten towns that have borne the worst of the downturn.
http://timesbusiness.typepad.com/money_weblog/2009/01/the-ten-towns-where-property-is-selling-fastest-and-slowest-best-and-ten-worst-towns-to-sell-your-ho.html
Here are ten English and Welsh towns where the housing market remains buoyant and properties are still being snapped up. This is followed by the ten towns that have borne the worst of the downturn.
0
Comments
-
Excellent thanks.
I just posted about a flat in Llandudno that sold for about 25% of the peak price (75% down). I had no idea the prices were ever that high there. No wonder people aren't buying. It'll take time for sellers to drop their prices. The 75% drop was sold at auction.
Deganwy has a long way to fall. It's one of the main places round here where affluent Mancunians and Liverpuddlians buy ridiculously expensive "little holiday places in Wales". The area is so unbelievably overpriced it honestly makes me laugh. I guess they're just clinging on now, hoping to ride out the storm. Either that, or the Bentleys et al were paid cash, they're not in debt up to their eyeballs, and don't care about the "value" of their holiday homes
0 -
Doesn't it largely depend on the price? Maybe folks in Crewkerne are more realistic than vendors in Wales :undecided
A friend of mine in the village sold her place recently after only a few weeks on the market - completed in Dec - but then again there are a couple of other places (probate) that have been on for a year - but they haven't dropped in price in all that time (and are unlikely ever to sell I reckon!)They deem him their worst enemy who tells them the truth. -- Plato0 -
I live about a mile from Farnborough and Fleet. There are some big drops on houses here but as the artical suggests they get snapped up pretty quickly. There hasn't been massive HPI here (Relative to wages) since about 2003. House prices have doubled since 2000 so a 50% fall from peak would bring them to historical norm (imo). I see a few exampels where 25% has been taken off "asking" price (obviously not selling at the original) but they must have felt they had some chance of takers.
We have a good mortgage deal onth table but no house has come up worth the risk of buying now. if the perfect house comes up we would buy though.0 -
Hampshire... yayyyyyy !!Win Dec 2009 - In the Night Garden DVD : Nov 2010 - Paultons Park Tickets :0
-
deganwy and llandudno is basically the same place0
-
I live about a mile from Farnborough and Fleet. There are some big drops on houses here but as the artical suggests they get snapped up pretty quickly. There hasn't been massive HPI here (Relative to wages) since about 2003. House prices have doubled since 2000 so a 50% fall from peak would bring them to historical norm (imo). I see a few exampels where 25% has been taken off "asking" price (obviously not selling at the original) but they must have felt they had some chance of takers.
We have a good mortgage deal onth table but no house has come up worth the risk of buying now. if the perfect house comes up we would buy though.
As I recall a typical semi in the Fleet area was about £180k in 2002. Am I right?0 -
Excellent thanks.
I just posted about a flat in Llandudno that sold for about 25% of the peak price (75% down). I had no idea the prices were ever that high there. No wonder people aren't buying. It'll take time for sellers to drop their prices. The 75% drop was sold at auction.
are you really comparing like for like?
or have you just pulled figures from houseprices.co.uk?0 -
Bloody typical. Trust one of the top ten (St Ives) to be 7 miles away!0
-
I remember looking around a few houses in St Ives in the early 1980s. The one bed tiny houses on the modern estates, with the tiny spiral staircase, were going for about £18-20k I think.Bloody typical. Trust one of the top ten (St Ives) to be 7 miles away!
Meanwhile, over on some rough estate in Huntingdon (allegedly on bonfire night you might find your front door was removed for the bonfire by the badduns) a mid-terrace 2-bed on about 3 levels was costing about £15-18k.0 -
These stats are meaningless drivel.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.5K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards