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Debate House Prices


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house prices continue to drop ....

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Comments

  • luckymannn
    luckymannn Posts: 324 Forumite
    Here's a few examples from my local town, there are loads but i'm at work so can't doss about too much, one example of each size property...




    1 bedroom flat for sale...

    07 September 2010
    • Price changed: from '£127,000' to '£110,000'
    02 July 2010
    • Price changed: from '£129,950' to '£127,000'
    24 May 2010
    • Initial entry found.




    2 bedroom maisonette for sale...

    07 September 2010
    • Price changed: from '£125,000' to '£115,000'
    10 August 2010
    • Initial entry found.




    3 bedroom terrace house for sale...

    08 September 2010
    • Price changed: from '£149,950' to '£144,950'
    29 July 2010
    • Price changed: from '£154,950' to '£149,950'
    05 July 2010
    • Initial entry found.





    4 bedroom town house for sale...

    08 September 2010
    • Price changed: from '£149,950' to '£144,950'
    07 September 2010
    • Price changed: from '£159,950' to '£149,950'
    19 July 2010
    • Initial entry found.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    But.. but...

    Some lying thief told me prices were rising.

    or was it easing?
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • When_is_the_reset?
    When_is_the_reset? Posts: 216 Forumite
    Look at the drop on this beauty...


    http://www.rightmove.co.uk/property-for-sale/property-16576857.html
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    nearlynew wrote: »
    But.. but...

    Some lying thief told me prices were rising.

    or was it easing?

    Who was that then, its not one any of my posts?
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    No, they are definitely dropping.



    (and thanks for bumping this thread)
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • des_cartes
    des_cartes Posts: 368 Forumite
    Obviously prices are falling. Buying an average priced house on an 85% mortgage not only costs more than renting the same house but you will be losing over a grand a month as the value falls wiping out your saved deposit in about 2 years.
  • phil_b_2
    phil_b_2 Posts: 995 Forumite
    Surely anyone can find examples of people dropping the price of their house at any time? Even in a rising market I imagine people would chance it with a huge asking price, only to have to drop it a bit. Not sure what a few examples of falling house prices proves? Probably not a lot.

    I'd use official published figures which average out the whole UK. Makes more sense.
  • des_cartes
    des_cartes Posts: 368 Forumite
    phil_b wrote: »
    Surely anyone can find examples of people dropping the price of their house at any time? Even in a rising market I imagine people would chance it with a huge asking price, only to have to drop it a bit. Not sure what a few examples of falling house prices proves? Probably not a lot.

    I'd use official published figures which average out the whole UK. Makes more sense.

    Individual examples of house price reductions show that some people have to sell. It also sets the new price for the type of house in the same area for valuation purposes.
  • poppycod
    poppycod Posts: 1,400 Forumite
    MadnessOfHPC wrote: »
    Price are stabilising. Not dropping. There is a big difference.

    well you would say that wouldnt you...
    :mad:

    Why is this guy allowed to post here???? :mad: :mad: :mad:
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    poppycod wrote: »
    well you would say that wouldnt you...
    :mad:

    Why is this guy allowed to post here???? :mad: :mad: :mad:

    Same reason as you are icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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