Massive 50% falls in Flats spreading fast across Britain

brit1234

confused31 wrote: »

Quote:
Originally Posted by confused31

BY

2009

you still havent responded Brit i gave you the postcode b76

confused

Hi, just got the bee working again, its been off line since I reformated my hard drive 2 weeks ago.

Just looked now. The speed of decline in b76 is a lot slower than London. However at the lower end of the market its 5-10% falls and a fair few collapsed sales.

http://www.rightmove.co.uk/search.rsp?lo_u=106&lo_t=2&lo_n=B76&se_c=1&poi_e=41684&poi_n=29436&nh_st=1&stc_s=false&tr_t=buy&pa_n=1&re_s=price&eventsubmit_dosearch=1&initial_search_time=1224934534858&s_tat=false&garden=false&parking=false&bun=false&pamh=false&flats=false

confused31_2

brit1234 wrote: »

Hi, just got the bee working again, its been off line since I reformated my hard drive 2 weeks ago.

Just looked now. The speed of decline in b76 is a lot slower than London. However at the lower end of the market its 5-10% falls and a fair few collapsed sales.

http://www.rightmove.co.uk/search.rsp?lo_u=106&lo_t=2&lo_n=B76&se_c=1&poi_e=41684&poi_n=29436&nh_st=1&stc_s=false&tr_t=buy&pa_n=1&re_s=price&eventsubmit_dosearch=1&initial_search_time=1224934534858&s_tat=false&garden=false&parking=false&bun=false&pamh=false&flats=false

no where near 50% on the lower priced properties though and a lot of them have been on the market for over a year, in my post when you asked for the poscode it was houses under123,000 pound and ive just had a look on right move any i cant see and that sales have collapsed, where do you find out they hae collapsed????

confused

SouthCoast

Still waiting for the distressed sales in the post codes that I watch.

This one was taken in part-ex by Persimmon back in April:

http://www.rightmove.co.uk/viewdetails-17448079.rsp?pa_n=8&tr_t=buy&mam_disp=true

hethmar

That was expensive wasnt it! Im sure Ive seen a few in that development which are at reasonable prices now?

Did you see this one at £109k - or is it not in the right part for you? Have a look at property snake.

http://www.vebra.com/home/search/vdetails.asp?pid=15610404&cl=212&src=25

http://www.propertytoday.co.uk/Details.aspx?Town=&PropertyType=1&Page=33&Bedrooms=3&Position=11&propertyhash=5c0c01cecd96a11e91029291b545c47c

SouthCoast

Thanks.
There is no way that I would ever buy a property in Sovereign Harbour.
It is depressing and reminds me of the overdevelopments on the Spanish Costas.

hethmar

Oh right, it was just academic Yes I thought it looks a very artificial set up.

Dithering_Dad

My first house was a semi-detached bungalow so I'd never lived in an apartment until I rented a studio in London for the duration of my current work contract.

I have to say that I would advise anyone to buy a house rather than an apartment. The person upstairs walks across my ceiling like an elephant, doors slam at all times of the night, TV's and stereo's are so loud that I wonder if I live ina block for the deaf and the noise from the street is unbelieveable. I also had water dripping out of my (now defunct) bathroom extractor fan because the upstairs elephant didn't close her shower door properly. Glad I'm only renting, that's all I can say!

Despite the 'discounts' provided by shady developers (i.e. add 25% to a realistic price then knock it down by 25% - Bargain!!), you'd all be better off waiting for house prices to fall within your price ranges than some shoddily built apartment block.

zippeh_2

I agree with DD... I think houses are viewed as more desirable than apartments which is why i bought a terraced instead of an apartment earlier this year.

Compared to the apartment I was looking at buying, my terrace has fallen considerably less in value (so far anyway!)

hethmar

But for a lot of ftb ers, they dont want the maintenance needed on a house - usually both are working and they will want time to relax and go out in the evenings and weekends - not have to do diy and mowing of lawns, so I do understand how attractive a new flat would be. And they are often placed in the areas young people want to be. Terraced houses are obviously a better buy, but they also can be very noisy with children in the gardens and running about in the houses either side of you.

chucky

this is Northern Ireland, the property market was seriously over-inflated - i would like to see something that isn't a repo or a new build drop by 50%.

i'd love a 50% drop in a nice property - would snap it up in no time but i don't think it will be happening somehow...