I hate you Northerners.

StevieJ

jancee wrote: »

Basic economics. People will live where the jobs are, therefore people need to live near those jobs. Fine if you're in a secure job in lovely, lovely Newcastle but jobs are hard to find otherwise in the north east.

Great does that mean we can buy a lovely cottage in the Lake District for a song (or a sonnet)? when we retire.

Generali

StevieJ wrote: »

Exactly, so I suggest we take the LR figures when we are measuring drops.

Different indices have different weaknesses. I suggest we use the 3 main ones (LR and Haliwide), compare them and then consider why they give different results. At present, all three are in line, given the lag in the LR figures.

115K

caveman38 wrote: »

Find your own post to bicker girls.
Getting back to original theme, are you finding that us guys in London and Se are stubborn with our HP's.
2 properties along and opposite me have been on the market for 9 months plus. They were originally marketed for £335K and £290K. They are still up for £300K and £270K fail to attract much interest but the owners won't budge.
Is it a London thing?

Maybe the houses the people want to buy aren't moving downwards in price either so they are holding out for the price they want?

I am very glad I don't have to sell my house right now anyway.

StevieJ

Generali wrote: »

Different indices have different weaknesses. I suggest we use the 3 main ones (LR and Haliwide), compare them and then consider why they give different results. At present, all three are in line, given the lag in the LR figures.

Haliwide are asking prices (as far as I am aware) most on this board say that asking prices are well cut into these days, so why bother with them? may as well use LR actual selling prices.

Really2

StevieJ wrote: »

Haliwide are asking prices (as far as I am aware) most on this board say that asking prices are well cut into these days, so why bother with them? may as well use LR actual selling prices.

I agree on that it is the only figures that do the whole of the country and every house.

StevieJ

Really2 wrote: »

I agree on that it is the only figures that do the whole of the country and every house.

I think people on here prefer Haliwide because it allows them to say that the fantasy bids are undercutting the asking prices by another, say, 20%. They can't do that with actual figures

davsidipp

i think londoners are still in denial with house prices but so are those on the south coast.ive seen property on the market for over a year now some have knocked 20 grand off but some are still hoping for top dollar on their property dream on the oinly ones selling are those dropping the price that allows further drops in months to come.

chucky

davsidipp wrote: »

i think londoners are still in denial with house prices but so are those on the south coast.ive seen property on the market for over a year now some have knocked 20 grand off but some are still hoping for top dollar on their property dream on the oinly ones selling are those dropping the price that allows further drops in months to come.

i would class these people as not deperate to sell.

if they were desperate they would be slashing the asking prices.

chewmylegoff

StevieJ wrote: »

Haliwide are asking prices (as far as I am aware) most on this board say that asking prices are well cut into these days, so why bother with them? may as well use LR actual selling prices.

aren't halliwide figures based on the mortgage approved, adjusted by the LTV ratio? i have no clue i just assume that they are given that they are figures published by the mortgage lender and therefore would have nothing to do (and perhaps no knowledge of) the seller's asking price.

it's rightmove that bases its figures on asking prices isn't it?

davsidipp

deffo if i was on the market for that time and wanted to move i could afford to drop but its obvious people who bought not long ago dont have that option.