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

nudda

Thanks Mymatebob, Entertainer and Oblivion

BettiePage

nudda wrote: »

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

Anything caught your eye yet? Bit of an eye opener isn't it?

nudda

BettiePage wrote: »

Anything caught your eye yet? Bit of an eye opener isn't it?

Well, from what ive seen theres abotu -10% change in and around tw19
but this doesnt mean they wont knock more off as its the asking price ... plus the number of weeks the properties have been on for sale is astonishing! between 6months to a year! Wow

Ive been messing around on ourproperty.co.uk as well, interesting to see what the prices were Pre 2000 - an absolute bargain!!! Its a shame I was only about 12 then lol

hethmar

Nudda, have a look at property snake aswell. tw19 showing drops of up to 22% on individual props


http://www.propertysnake.co.uk/site/postcode/tw19

Recent discussions on radio have indicated a bottoming out at 2001 prices - but its all guesswork

nudda

Thanks hethmar
From reading around on the site, it seems stupid to be buying right now. End of 2009/start 2010 seems to be a good time but again its all guess work. Im saving up a deposit at the moment any way so that will give me enough time to get some more in the pot.

which radio is this by the way ?

besonders1

1995 prices certainly were bargains but that was the "going rate" at that time and that was before the "cash cow" culture of property development appeared. no-one know what the new generation of prices will be and at this rate I think it could take months or longer before the prices go back down. I think you will get a bargain if you were prepared to buy a repossession or a house that was left from inheritance sold by the family etc as these people would need to sell fast.

BettiePage

nudda wrote: »

Well, from what ive seen theres abotu -10% change in and around tw19
but this doesnt mean they wont knock more off as its the asking price ... plus the number of weeks the properties have been on for sale is astonishing! between 6months to a year! Wow

Ive been messing around on ourproperty.co.uk as well, interesting to see what the prices were Pre 2000 - an absolute bargain!!! Its a shame I was only about 12 then lol

PB is only a year old so some of the properties may have been on RM for even longer. I know they have around my neck of the woods.
Also, some agents now relist the property rather than dropping the price. This means it comes up as new and also means that previous asking prices are masked.

nudda

besonders1 wrote: »

1995 prices certainly were bargains but that was the "going rate" at that time and that was before the "cash cow" culture of property development appeared. no-one know what the new generation of prices will be and at this rate I think it could take months or longer before the prices go back down. I think you will get a bargain if you were prepared to buy a repossession or a house that was left from inheritance sold by the family etc as these people would need to sell fast.

how do you go about looking for quick-sale houses such repossessions ? I cant work this one out.

nudda

BettiePage wrote: »

PB is only a year old so some of the properties may have been on RM for even longer. I know they have around my neck of the woods.
Also, some agents now relist the property rather than dropping the price. This means it comes up as new and also means that previous asking prices are masked.

Thanks - Ill bare that in mind when looking.

hethmar

The repos will be listed just same as any other house nudda. You will just notice the price is less than the others and if you view it will have all the signs of a repo.