Looking back to 2007

Percy1983

My area is back to 2005 levels and only marginally above the 2009 bottom, and the appear to still be on there way down.

You have to consider that yes many won't sell at a loss, in my area if you bought before 2004 which most of them will be then unless they have cashed in on the equity then they won't be making a loss. Likewise the property they would be moving too would also be down so they don't need as much money from there current home anyway.

FTBFun

Doctor_Gloom wrote: »

Yep, same here.

Which part of London has had massive price falls then?

RenovationMan

My area is back to 04 levels, 1804. I'm sitting here in my top hat and greatcoat communicating via my new fangled typographer. I have just read in the Times that a young whippersnapper called Bonapart has just been crowned Emperor of France and British Vice-Admiral William Blighs fleet has finnally reached Curacao.

Pete111

Loving the BBC house price link

Apparently my house is up 32% annually (13.9% on the quarter) and my flat is up 18.1% annually (1.7% on the quarter)

Sounds a touch generous to me....Still, it looks like I can at least confirm that round MY way (and the way of my tenants) house prices are doing fine.

doire_2

Pete111 wrote: »

Loving the BBC house price link

Apparently my house is up 32% annually (13.9% on the quarter) and my flat is up 18.1% annually (1.7% on the quarter)

Sounds a touch generous to me....Still, it looks like I can at least confirm that round MY way (and the way of my tenants) house prices are doing fine.

Anyone who thinks that BBC link is accurate needs sectioned

neverdespairgirl

Isn't the BBC link several months old, too?

Pete111

doire wrote: »

Anyone who thinks that BBC link is accurate needs sectioned

Quite possibly - hopefully my indicating it was a touch generous will stave off the men in the white coats for a while?

What I do know is this.

My house is probably worth no less than I bought it for in Q3 2007 (according to a mortgage survey mid 2009, since which prices have risen by over 10% in the SE)

My flat is similar to many that appear to be selling at well over peak prices currently and rents are also apprently rising fast.

Between the net profit we make in rent on one and low mortgage rates on both we effectively pay around £450 in IO mortgage payments a month for a good sized four bedroomed detached house in a nice bit of Kent.

DONT PANIC!!!!!! (cos I'm certainly not...:cool:)

Jowo_2

In my street, there are about 6 flats of the same type and size up for sale between £115k and £130k when in the peak they averaged £125k. None of the flats are selling and I'm frankly surprised that a seller even bothers to pitch their flat at 130k when there are 5 others that are generally 10 to 15k cheaper which remain unsold.