Property prices fall to 2004 levels 6 May 2009 at 11:02AM edited 6 May 2009 at 11:08AM in Debate House Prices & the Economy 43 replies 1K views

Former_MSE_Guy

This thread is to discuss the following news story:

Property prices fall to 2004 levels

Dan:_4

The average house price according to the Halifax is still approx 3 grand more then nationwide.

It is actually quite nice to see the 3 main index's roughly the same now.

ad44downey

MSE_Guy wrote: »

Property prices still on the slide

Timber!!!!!!!

StevieJ

On this forum the numbers only count when they go down

leftieM

You lucky things. I wish HPs here were at 2004 levels. I might be able to afford one of them.
We've had a 40% drop which brings us back to.......Q2 2006. Crazymad.
Maybe it's time to leave this tiny sectarian backwater and live in Albion.

JF77

My house is on the market at it's 2004 (that's when I bought it) price plus what I have paid on extending and modernising it! Been on a month, no takers yet but a bit of interest.

My only hope is that I can also get a reasonable priced house.

Most other houses in the estate are priced at 15k more with the exception of 2 smaller semi's (mines is detached) priced at 10k more.

I wish I had sold in 2006 and rented but hey ho hum!

ad9898_3

JF77 wrote: »

My house is on the market at it's 2004 (that's when I bought it) price plus what I have paid on extending and modernising it! Been on a month, no takers yet but a bit of interest.

My only hope is that I can also get a reasonable priced house.

Most other houses in the estate are priced at 15k more with the exception of 2 smaller semi's (mines is detached) priced at 10k more.

I wish I had sold in 2006 and rented but hey ho hum!

Very honest of you JF, it's a difficult time, but if you're trading up then you should be ok.

Chris2685

StevieJ wrote: »

On this forum the numbers only count when they go down

Funny thing is, when I first started reading this forum (a couple of years now I think, didn't sign up until later), anyone who even dared mention prices might drop was shot down in the flames.

chucky

MSE_Guy wrote: »

This thread is to discuss the following news story:

Property prices fall to 2004 levels

depends where you are in the UK - sorry I saw that you went for the Headline to highlight the attention on your article. my apologies.

drc

Somebody needs to tell Foxtons that we are in a house price crash and an economic crisis. I've just seen on Rightmove a smallish 3 bed flat advertised at 30% more than the same flat was sold for in 2007 :rolleyes:.

TD5

drc wrote: »

Somebody needs to tell Foxtons that we are in a house price crash and an economic crisis. I've just seen on Rightmove a smallish 3 bed flat advertised at 30% more than the same flat was sold for in 2007 :rolleyes:.

There are lots of them at it I think. There is a property near me that went on the market maybe 6 months ago for £450k, now been heavilly reduced to £360k - but guess what, they paid £250k for it in 2006 - someone is haveing a laugh.

I guess it makes it essential that buyers use tools like Property Bee and the Land Registry figures to compare advertised prices against the current view (e.g. 2004 prices)