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Debate House Prices


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Times online compare regional new build price drops

Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    it looks like if you bought one at the bottom in one of those 5 areas you wouldn't be doing too badly.

    a nice bit of work
  • Pobby
    Pobby Posts: 5,438 Forumite
    I bought in 1998 in the South West, not new build but the HPI in this area has been breath taking considering that Cornwall has some of the poorest wages. There are second homes of course but i think that often gets over stated.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Pobby wrote: »
    There are second homes of course but i think that often gets over stated.
    That depends where you live. Some towns are mostly 2nd homes.
  • bernard_shaw
    bernard_shaw Posts: 267 Forumite
    From the intro to the Times article...
    Here are the best and worst performing regions based on price rises over the last month.

    Yes. Most unaffordable definitely means 'best'.
    P = MV/Q
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    The Times article is hugely misleading. Is it referring to new build flat and houses, or just flats? If it is both then they should be split out to have any meaning. If it is NB flats, then the worst performing areas should be the cities which have a massive oversupply. This should include, in no particular order:

    1. Nottingham.
    2. Manchester.
    3. Leeds.
    4. Cardiff.
    5. Birmingham.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
This discussion has been closed.
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