NatWest Mortgages & Homebuyers report

haziec

silvercar wrote: »

Parts have, parts are more robust, whereabouts?

Garston, just outside Watford
£185k 3 bed terrace
last sale I can find on Land registry for same road is Dec 08 £209,995.

Sammy85_2

We're in Cumbria.

Prices here have held quite well, they have fallen, but not at as fast a pace as other areas. We're lucky as our town is fairly isolated and has 2 major employers both of whom are drastically expanding their workforce.

As such contractors and new employees are flocking to the area. The town is the only place they can realistically live because the commuting distances to live anywhere else would be too far. This is keeping prices steadier than they might have been were we an ordinary town with good links to the "outside world"

An example of this was that when i was studying in Southampton in 2007 i looked at buying a 3 bed semi, but the price was the equivalent of 2 semis up here in Cumbria. Prices are now on a par. (never thought i would see the day, but i now have no interest in living in southampton!)

I would say that prices are probably at the 2007 level, but house prices began to steady out early 2008 here, so when you compare sales prices its not that much of a drop.

The only big drop is asking prices, but many of those were unrealistic to begin with.

Houses appear to be shifting now too. We had a period of 4ish months where nothing seemed to be moving, but now there are sold signs everywhere.