top 19 towns to have held their prices....

sjaypink

just seen this, towns with less than 5% drops over the last year.

dont know whether prices started dropping prior to that in those areas, whether they are soon to experience big falls, or whether they are the places to survive a big hpc.....

anyway, the top 19 are:

cheltenham 0.2
farnborough 0.6
slough 1.2
sevenoaks 1.4
guildford 1.8
burnley 1.8
bolton 2.3
stevenage 2.3
durham 2.6
watford 2.6
chesterfield 2.6
ipswich 2.8
maidstone 3.5
basingstoke 3.5
fareham 3.6
bedford 3.7
preston 4.2
skegness 4.9
st ives 5

SingleSue

Well Ipswich has certainly had more drops than they are saying!

Prices there have been dropping like a stone, far more than in the village where I live...which is just down the road.

A 3 bed can now be had for less than 100k,in the boom you would struggle to get one for less than 150k.

Pobby

That surprised me Sue
http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION^689&minBedrooms=3&maxBedrooms=3&maxPrice=100000&displayPropertyType=houses&radius=1.0&oldDisplayPropertyType=houses

SingleSue

Think I should add, the 3 beds for less than a 100k may be the more eek ones but in the boom, those same eek ones were going for lots of pennies.

Just by looking in our local paper at the pull out each week and comparing an old paper with a new one, shows how much asking prices have come down. I remember my shock the first time I saw a house in Ippo going for less than 100k....now it is the norm.

Don't like Ippo anyway, grotty place to live unless you are lucky enough to have oodles of pennies to afford in the one or two very nice areas of it..the majority of the housing is in the more grotty (my own idea of grotty by the way, they are probably very nice houses, I just don't like Ippo) places.

Couldn't get that link to work Pobby

And yes, I am probably being a snob but I have always said Ippo looks dirty compared to the green open spaces and the sea front of a few miles away.

Pobby

See what you mean about the linky Sue. I just went on Rightmove and typed in the details. Around 3 pages of houses.

SingleSue

Our property pull out each week is mainly Ipswich properties....blooming annoying if you don't want to buy in Ippo though.

Their apartment (flats) market has been completely decimated...lots of new build flats over the last 5 years or so, original prices over the 250k mark but now going for around the 80k mark.

The older flats have been hit but not as hard.

treliac

Some pretty grotty areas in that list.

Can't think why they are keeping their prices. Perhaps the jobs market is still holding up better for them.

mewbie_2

SingleSue wrote: »

Their apartment (flats) market has been completely decimated...lots of new build flats over the last 5 years or so, original prices over the 250k mark but now going for around the 80k mark.

What about all those professional hard working couples? Don't they want the City lifestyle promised by the brochures anymore? Or were these flats all bought by older investors who thought their money was safe as houses?

Pobby

What is interesting is why some places are dropping a lot faster than others.

amcluesent

>lots of new build flats over the last 5 years or so, original prices over the 250k mark but now going for around the 80k mark.<

IIRC, didn't a block of 'executive' apartments get build in the red-light/drug-dealing part of town?

mewbie_2

amcluesent wrote: »

>lots of new build flats over the last 5 years or so, original prices over the 250k mark but now going for around the 80k mark.<

IIRC, didn't a block of 'executive' apartments get build in the red-light/drug-dealing part of town?

Well it's not called 'executive relief' for nothing I guess. And who else buys all the Charlie?