We are around a bottom and I only see up from here

tommy75

Although this is not my area, look how modern this 1 bedroom garage in Liverpool is for only 185k (Its gone down 10k recently too) http://www.rightmove.co.uk/property-for-sale/property-20275306.html?locationIdentifier=OUTCODE%5E1350&includeSSTC=true&_includeSSTC=on&pageNumber=23&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DOUTCODE%255E1350%26includeSSTC%3Dtrue%26_includeSSTC%3Don%26index%3D220 . How can anybody say prices will go down from here? If I was on 55k a year, I'd be straight in....

SouthCoast

Green Shoots at half price.
With thanks to Property-Bee.


History

dateevent10 May 2009

• Brief Description changed: This Stunning Marina development, that offers fabulous specification providing you with with many apartments offering spectacular waterside or sea views. The very well located 2 & 3 bedroom 6th floor apartment nestled between Eastbourne Bedroom apartments on the banks of the River views is built to an excellent Ouse are just 64 Miles to London by car, Less than 10 Miles to Brighton in the South Coast's newest marina Newhaven with and just a perfect coastal retreat. short walk to
• Price changed: from '£265,000' to '£187,000'
• Subtitle changed: from '3 bedroom apartment ' to '2 bedroom apartment '

06 March 2009

• Brief Description changed: **PAY ONLY £262,463 NOW ON OAKDENE'S SHARED EQUITY SCHEME**This This 3 bedroom 6th floor apartment nestled between Eastbourne & Brighton in the South Coast's newest marina Newhaven with spectacular River views is built to an excellent specification providing you with a perfect coastal retreat.
• Price changed: from '£349,950' to '£265,000'

17 January 2009

• Agents Location changed: Land & New Homes

27 November 2008

• Brief Description changed: ** INCENTIVE WEEKEND 8TH & 9TH NOVEMBER** This **PAY ONLY £262,463 NOW ON OAKDENE'S SHARED EQUITY SCHEME**This 3 bedroom 6th floor apartment nestled between Eastbourne & Brighton in the South Coast's newest marina Newhaven with spectacular River views is built to a an excellent specification providing you with a perfect coastal retreat.

04 November 2008

• Brief Description changed: ** INCENTIVE WEEKEND 8TH & 9TH NOVEMBER** This 3 bedroom 6th floor apartment nestled between Eastbourne & Brighton in the South Coast's newest marina Newhaven with River views is built to a excellent specification providing you with a perfect coastal retreat.

09 September 2008

• Price changed: from '£370,500' to '£349,950'

21 August 2008

• Brief Description changed: This 3 bedroom 6th floor apartment nestled between Eastbourne & Brighton in the South Coast's newest marina Newhaven with River views is built to a excellent specification providing you with a perfect coastal retreat.

16 August 2008

• Initial entry found.

tommy75

bo_drinker wrote: »

PS http://www.youtube.com/watch?v=bNPJuJSVmNA

You are begining to change my opinion with your structured argument but I don't see why I can't borrow 7-10 times my annual wage again this time next year. Whats the worse that could happen? And a well known saying goes like this: 'House prices only ever go up'. :cool:

bo_drinker

tommy75 wrote: »

You are begining to change my opinion with your structured argument but I don't see why I can't borrow 7-10 times my annual wage again this time next year. Whats the worse that could happen? And a well known saying goes like this: 'House prices only ever go up'. :cool:

Go for it Tommy:T
http://www.youtube.com/watch?v=FUY9ewD1Jls

CountingPenniesClaire

Am I the only one who sniggered at the title of this thread!?

bo_drinker

CountingPenniesClaire wrote: »

Am I the only one who sniggered at the title of this thread!?

No :rotfl::rotfl:

Dithering_Dad

If you do buy, then make sure you sort out a fixed rate mortgage to lock in the current low rates.

sabretoothtigger

I dont think its as simple as up or down exactly because there is a number of factors to match the different accommodation costs

But we're at historical low rates and if people can get a fixed rate then this is the year to either buy in or upsize the house I think.

By the time its obvious the best chance for low cost house ownership will have passed.
So I think people are going to have to bite the bullet and consider buying on the way down so they are actually in place for a real bottom however that occurs

For a long term asset I think there is way too many short term speculators involved for that to be a clever move.
It'll be the guys who took the average gain with the average loss as best they can who do best imo, it is where you live after all so why gamble excessively

Dylanwing

There is a lot more smelly stuff to hit the fan yet........

SouthCoast

Dylanwing wrote: »

There is a lot more smelly stuff to hit the fan yet........

Agreed.
In my post above the developer went bust in January and it has taken until now for more realistic prices to start appearing.