House prices fall by 20 per cent in towns over past six months

Cat695

Blackpool has been the worst hit, with asking prices in the town diving by an average of 28 per cent during the past six months, followed by Kilmarnock in Scotland and Hertford both at 26.5 per cent.

House prices in Worksop, Nottinghamshire, have dropped by 25.8 per cent, while properties in Kendal, Cumbria; Kidderminster, Worcestershire; Bridgend, South Wales; and Lewes, Sussex, have all suffered falls in their value of more than 22 per cent.
Asking prices have dropped by at least 21 per cent in Accrington, Lancashire; Exmouth, Devon; Telford, Shropshire; and Windsor, Berkshire; while they are more than 20 per cent lower in Burton-upon-Trent, Staffordshire; Shipley, West Yorkshire; Nuneaton, Warwickshire; and S!!!!horpe, North Lincolnshire.
The average asking price across the whole of the UK has fallen by around 11per cent during the same period.

only in the telegraph though

Graham_Devon

Lies, i tell you, LIES!

This is simply NOT possible!

ukcarper

Even with all those people leaving their house on the market at 2007 prices

Really2

Cat695 wrote: »

Blackpool has been the worst hit, with asking prices in the town diving by an average of 28 per cent during the past six months, followed by Kilmarnock in Scotland and Hertford both at 26.5 per cent.

House prices in Worksop, Nottinghamshire, have dropped by 25.8 per cent, while properties in Kendal, Cumbria; Kidderminster, Worcestershire; Bridgend, South Wales; and Lewes, Sussex, have all suffered falls in their value of more than 22 per cent.
Asking prices have dropped by at least 21 per cent in Accrington, Lancashire; Exmouth, Devon; Telford, Shropshire; and Windsor, Berkshire; while they are more than 20 per cent lower in Burton-upon-Trent, Staffordshire; Shipley, West Yorkshire; Nuneaton, Warwickshire; and S!!!!horpe, North Lincolnshire.
The average asking price across the whole of the UK has fallen by around 11per cent during the same period.

only in the telegraph though

What is the data?

Is it the BBC website.;)

Good news asking prices have droped guess that hanging on to 2007 prices can be scraped now:)

Found the link it is all asking prices.
http://www.telegraph.co.uk/finance/economics/houseprices/4983510/House-prices-fall-by-20-per-cent-in-towns-over-past-six-months.html

Repos driving force in the market this year perhaps?
Now where have i heared that. lol

Old_Slaphead

Houseprices in Worksop may well have fallen by 25.8% - they were absurdly overpriced last year.

Cannon_Fodder

http://www.google.com/hostednews/ukpress/article/ALeqM5jAjFDnY4Ln7hiIuSblre-Nl2cKKA

http://www.telegraph.co.uk/finance/economics/houseprices/4983510/House-prices-fall-by-20-per-cent-in-towns-over-past-six-months.html

Its the Globrix "asking prices" info...

Have seen over the months, how different towns take a hit in different weeks/months.

Its not all at once, but quite an interesting example of the fluid, evolutionary nature of the crash.

Really2

Cannon_Fodder wrote: »

http://www.google.com/hostednews/ukpress/article/ALeqM5jAjFDnY4Ln7hiIuSblre-Nl2cKKA

http://www.telegraph.co.uk/finance/economics/houseprices/4983510/House-prices-fall-by-20-per-cent-in-towns-over-past-six-months.html

Its the Globrix "asking prices" info...

Have seen over the months, how different towns take a hit in different weeks/months.

Its not all at once, but quite an interesting example of the fluid, evolutionary nature of the crash.

Perhaps an indication on areas that are being hit with redundancy's or are more realistic on house prices:)

mitchaa

According to that well known property website Globrix:rotfl: (Never heard of it)

Great, house prices have fallen 20% in 18mths but this website thinks a lot of places have fallen 28% or so in 6.........What a pile of old poo

Cannon_Fodder

Really2 wrote: »

Perhaps an indication on areas that are being hit with redundancy's or are more realistic on house prices:)

yes, or those suffering a nearby repo, perhaps?

Really2

Cannon_Fodder wrote: »

yes, or those suffering a nearby repo, perhaps?

Depends on if they need to move if they are not forced I would fail to see them drop 40% to compete unless they could get 40% off their potential purchase.

I would say these figures are saying the bottom is very likely to be the next 9 months.

I hope you are all dusting off your notes and repo hunting.:D

thegibdog

mitchaa wrote: »

According to that well known property website Globrix:rotfl: (Never heard of it)

Hey, mitchaa's right! If you've never heard of something you can automatically dismiss it!