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Really Stoopid Question on House Prices

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Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Property Bee also works in Primelocation.com
  • ILW
    ILW Posts: 18,333 Forumite
    Hi guys,

    Sorry to ask what may be a silly silly question, but why the hell are the news channels saying house prices are at an all time low when at the same time the road where I live is the same price it has always been :(

    We are looking to buy our rented apartment, but cannot believe there are 2 others up for sale at the moment going for what they did before the recession hit.

    Is it based on areas? I thought everywhere was hit from the downturn?

    xxx

    Can anyone tell me, what is difference between an apartment and a flat?
  • ILW wrote: »
    Can anyone tell me, what is difference between an apartment and a flat?

    In my experience, about 40 grand and a twenty year old estate agent with too much gel in his hair showing you round.
  • Guitar
    Guitar Posts: 157 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    ILW wrote: »
    Can anyone tell me, what is difference between an apartment and a flat?

    I think they're the same but 'apartment' is used to a give a more cosmopolition feel by estate agents, as in 'executive apartment'.

    My local agents will also described bedsits as a one bedroom apartment.

    Then there's my all time favorite: "ground floor house".
  • kmmr
    kmmr Posts: 1,373 Forumite
    edited 12 July 2010 at 8:21PM
    Property Bee also works in Primelocation.com

    Do you know if it will work in Chrome yet?

    (Apologies - two seconds on Google answers my own question for me! No.)
  • timmyt
    timmyt Posts: 1,628 Forumite
    Hi guys,

    Sorry to ask what may be a silly silly question, but why the hell are the news channels saying house prices are at an all time low when at the same time the road where I live is the same price it has always been :(

    We are looking to buy our rented apartment, but cannot believe there are 2 others up for sale at the moment going for what they did before the recession hit.

    Is it based on areas? I thought everywhere was hit from the downturn?

    xxx

    so many agents (even the ones who have good local standing in places) are keeping their prices too high and then wondering why they are not selling.

    other agents are being more realisitic and selling bucket loads and everyone is happy.
    My posts are just my opinions and are not offered as legal advice - though I consider them darn fine opinions none the less.:cool2:

    My bad spelling...well I rush type these opinions on my own time, so sorry, but they are free.:o
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