Everyone says house prices are dropping like a stone but are they ??

BettiePage

nudda wrote: »

The above posts are the reason I love MSE. You people are soo helpful - thanks so much

BettiePage - great link to PB. Im looking at properties in TW17,TW18 and TW19. Neigbouring areas also considered - just in research phase at the moment.

Just had a quick squizz at TW19 and there's plenty reduced across all price ranges.

nudda

BettiePage wrote: »

Just had a quick squizz at TW19 and there's plenty reduced across all price ranges.

Thanks.

Installed PB and registered an account but not sure whats happening as it refuses to search in righmove now

BettiePage

nudda wrote: »

Thanks.

Installed PB and registered an account but not sure whats happening as it refuses to search in righmove now

Are you also using Firefox?

sympatex

nudda, i'm living in the furthers east you can in Berkshire right on surrey, hampshire border.
Prices are falling, i'd say 40% of property is still up at peak prices and 60% has reduced by some amount. As mentioned before any one house is its own 'market' where the desires of the owner will determine what it will sell for. I think there's a long way to go, job losses haven't kicked in yet around here.

it's going to be nasty, keep tracking property bee and you will increasingly believe there is further to go. DYOR using property bee, ourproperty.co.uk (prices date back to 1995 not 2000). And other comparable properties in the area that are currently up for sale.

nudda

Bettie: Yes I am

sympatex wrote: »

nudda, i'm living in the furthers east you can in Berkshire right on surrey, hampshire border.
Prices are falling, i'd say 40% of property is still up at peak prices and 60% has reduced by some amount. As mentioned before any one house is its own 'market' where the desires of the owner will determine what it will sell for. I think there's a long way to go, job losses haven't kicked in yet around here.

it's going to be nasty, keep tracking property bee and you will increasingly believe there is further to go. DYOR using property bee, ourproperty.co.uk (prices date back to 1995 not 2000). And other comparable properties in the area that are currently up for sale.

Thanks for the insight and advice. :beer:

BettiePage

nudda wrote: »

Bettie: Yes I am



Thanks for the insight and advice. :beer:

Under 'Options' have you got 'work in a bee' ticked?

mymatebob

Had a friend who started selling their very nice house in the south of England at the end of 2007. Offers in the region of £450k - finally sold it for £290k in December last year.

Big drop but they had lived there for more than 20 years and more than doubled the price they paid so they still made some money, but not as much.

Before the bubble burst in the 80s my mate owned a flat in London bought for £43k.
People were biting his hand off to buy it at the peak for in the region of £120k but he wasn't for selling.
A few months later he changed job and moved to another part of the country, by then the tide had turned but he still managed to get £95k for it.

Entertainer

nudda wrote: »

Thanks Entertainer
what are the alternativvs to SSTC ? i.e is three anything that doesnt need a contract etc

In a word, no. You need a contract to buy something of the value of a house. You could bring round a wheelbarrow load of cash and shake hands on it, if you're feeling really bohemian.

It basically means they have an offer and are going through with the sale but they haven't exchanged contracts yet.

Oblivion

I'm in North Surrey, and very little is selling here. Potential sellers just can't believe that so much 'value' has been wiped off their property and are still living in cloud-cuckoo land, insisting that estate agents leave it on at top prices.

I also suspect that a lot of properties are with agents at unrealistic prices because potential repossession cases have bought themselves a short stay of execution by telling their mortgagees they are actively trying to sell the property.

Dave.

nudda

BettiePage wrote: »

Under 'Options' have you got 'work in a bee' ticked?

yup, and now it seems to bee working (no pun intended )
Had to also widen the sidebar to see data
Thanks!!