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

sjaypink

treliac wrote: »

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.

i have to admit to knowing sfa about any of those areas- their desirability/ employment etc etc, so have no idea what makes them different from most of the uk....

was hoping someone cleverererer than me might explain :A

Graham_Devon

sjaypink wrote: »

was hoping someone cleverererer than me might explain :A

I have no time

Jonbvn

For balance, the top 10 places where prices are falling the most.

http://timesbusiness.typepad.com/money_weblog/2009/04/the-10-places-where-asking-price-are-falling-the-most.html

1. Newcastle Upon Tyne
Average cut in asking prices - £14,035
Average percentage drop in asking prices - 7.8 per cent
2. Stoke on Trent
Average cut in asking prices - £18,337
Average percentage drop in asking prices - 7.8 per cent
3. Northampton
Average cut in asking prices - £13,468
Average percentage drop in asking prices - 7.6 per cent
4. Wakefield
Average cut in asking prices - £10,810
Average percentage drop in asking prices - 7.5 per cent

5. Swansea
Average cut in asking prices - £16,215
Average percentage drop in asking prices - 7.3 per cent

6. Glasgow
Average cut in asking prices - £19,559
Average percentage drop in asking prices - 7.2 per cent
7. Preston
Average cut in asking prices - £21,654
Average percentage drop in asking prices - 7.0 per cent

8. Warrington
Average cut in asking prices - £9,928
Average percentage drop in asking prices - 6.8 per cent

9. Manchester
Average cut in asking prices - £10,207
Average percentage drop in asking prices - 6.8 per cent

10. Stockport
Average cut in asking prices - £17,083
Average percentage drop in asking prices - 6.6 per cent

sjaypink

Jonbvn wrote: »

For balance, the top 10 places where prices are falling the most.

well, we would need someone really really clever (if such a person could spare the time ) to explain how preston is on both lists :D

WhiteThierry

good news, as im hoping to buy in wakefield!

surely the fact that the highest drops in asking prices are only 7-8% shows that sellers are still in denial

AHAR

sjaypink wrote: »

i have to admit to knowing sfa about any of those areas- their desirability/ employment etc etc, so have no idea what makes them different from most of the uk....

was hoping someone cleverererer than me might explain :A

Well, Durham is a small city with a relatively large university so I guess it's a safe bet for BTLing to students. Plus it's quite a pleasant place (North Road excepted:p), decent transport links etc.

mewbie_2

sjaypink wrote: »

well, we would need someone really really clever (if such a person could spare the time ) to explain how preston is on both lists :D

There is such a person but he has not been around so much recently. His name is Mr. Broderick.

sjaypink

mewbie wrote: »

There is such a person but he has not been around so much recently. His name is Mr. Broderick.

i get very confused on this board

am i to take your recommendation to mean you are his sock puppet, he is yours, or is it just good old-fashioned straight foward sarcasm?

ukjoel

Interesting - Live in Fareham and to be honest prices can agree with that list as havent seen prices falling much here at all. However worth pointing out that very few properties have been selling. Until a couple of weks ago local property paper was 8 pages and 5 of those were rental.

Worth also noting that a larger proportion of properties are family homes and its not been inundated by BTL developments (which seems to match a fair few others in the lowest fall list)

Interesting also that 10/10 of the biggest fallers are northern and the smallest fallers are Southern.

Dont know most of these cities well enough but bet the biggest fallers have had lots of BTL activity and lots of new build flats.

PasturesNew

sjaypink wrote: »

well, we would need someone really really clever

I'm here now.

I've not looked at the links so I'll make it up ... like the journalists do.

It's asking prices - not sold prices.

I can ask £25k for my car, but it's still only worth £2k and the sooner I realise nobody will offer me £25k no matter how often/long I ask then the sooner I can sell it at £2000 (or £1500 by the time that happens).