Prices Fall Over 40% in 18 months

Pimperne1

Its simple really, to get a real reduction in your potential purchase you don't need to live in a particular area you just need to belong to a particular website:

http://www.creditcrunch.co.uk/forum/topic/10341-honestea/

Post 8.

Not so lucky on other websites though as they have only fallen by 20% for them:

http://www.housepricecrash.co.uk/forum/index.php?showtopic=164421&st=12

Meanwhile back in the real world prices seem to be down around 10% from peak (unless you live in a slightly deprived area).

Mallotum_X

If you go by individual houses you can find rises and falls of pretty much every percentage you can think of.

Doesnt prove a crash any more than they prove a rise.

Different types of property will have different rises/falls in the same area. Round my way small flats have crashed hard, typically newish 1beds have dropped from about 120 to sub 90k, whereas bigger flats and 1 bed houses have fallen by less. When you move up to 3bed houses they havent moved my much, maybe 10k off peak. Bigger houses more so. So although its only an annecdotal, typical 3 bed family homes are still in demand, bigger more expensive and smaller flats have been hit.

Btw I do like that you have broadened your horizons, not just HPC website today...

geneer

So the main thing we can take from from this post is that Pimp likes to keep a close eye on both websites that he's been banned from.

Oh, and that Pimp doesn't really understand how averages work.:rotfl:

Pimperne1

Mallotum_X wrote: »

If you go by individual houses you can find rises and falls of pretty much every percentage you can think of.

Doesnt prove a crash any more than they prove a rise.

Different types of property will have different rises/falls in the same area. Round my way small flats have crashed hard, typically newish 1beds have dropped from about 120 to sub 90k, whereas bigger flats and 1 bed houses have fallen by less. When you move up to 3bed houses they havent moved my much, maybe 10k off peak. Bigger houses more so. So although its only an annecdotal, typical 3 bed family homes are still in demand, bigger more expensive and smaller flats have been hit.

Btw I do like that you have broadened your horizons, not just HPC website today...

I'm sorry you are only offering a maximum 25% drop there I think I'll go for the Creditcrunch package.

Mallotum_X

Pimperne1 wrote: »

I'm sorry you are only offering a maximum 25% drop there I think I'll go for the Creditcrunch package.

Phew, nearly had you as a neighbour

System

The most embarassing part of that link is the chart which suggests everyone over 40 is dying, emigrating or retiring.