Kaboom. Another bull meme obliterated.

geneer

http://uk.finance.yahoo.com/news/Period-properties-see-value-tele-3737947856.html;_ylt=AinW6mSB8hk61uc90NY1UDDSr7FG;_ylu=X3oDMTFkODJmM2s1BHBvcwM3BHNlYwN5ZmlXZWVrZW5kVGFrZW92ZXIEc2xrA3BlcmlvZHByb3Blcg--

Houses built before the First World War have dropped in value by almost a third since the start of the credit crisis in 2007, according to research by Halifax.
The average price of a house built before 1919 is £188,500 today, down from £269,000 in 2007, Halifax said.
Over the last four years, pre-1919 houses - which include Georgian and Victorian properties - have seen their values fall by a greater amount than properties built in any other period.
Halifax said that houses built between 1919 and 1945 have fallen in value by a quarter since 2007 to an average price of £180,100. Houses built between the end of the Second World War and 1960 have also fallen by a quarter to £145,000, Halifax said.
Houses built after 1960 have seen the most resilience to the property slump. These properties have lost a fifth of their value and are now worth an average of £169,000.
Martin Ellis, housing economist at Halifax, said that older properties might have fallen out of favour with buyers because they tend to be bigger than many new houses and are therefore more expensive to buy.
They are also less well-insulated and have higher ceilings, meaning that they are more expensive to heat.
“There are many intricate reasons. We may suggest, however, that demand for large properties has dipped more than for smaller properties in the context of more constraining economic conditions since 2007,” said Mr Ellis.

Cleaver

Everyone wishes they could spend their Friday nights obliterating bull memes.

JonnyBravo

Cleaver wrote: »

Everyone wishes they could spend their Friday nights obliterating bull memes.

:rotfl:

I reckon someone had a quick pint on an empty stomach after work?

HAMISH_MCTAVISH

geneer wrote: »

Kaboom. Another bull meme obliterated

Do you think he speaks like that in real life?

How odd.

wotsthat

Over the last four years, pre-1919 houses - which include Georgian and Victorian properties - have seen their values fall by a greater amount than properties built in any other period.

I don't know what I'm more surprised by; that bull meme being shattered or the fact that Yahoo thinks their readership might need help in understanding that Georgian and Victorian properties were built before 1919.

Pimperne1

These old properties dropping so much in price are skewing the stats. If it weren't for up North, Wales, the Midlands and old properties the indices would be positively surging

ruggedtoast

Cleaver wrote: »

Everyone wishes they could spend their Friday nights obliterating bull memes.

Hic.

....

doire_2

Pimperne1 wrote: »

These old properties dropping so much in price are skewing the stats. If it weren't for up North, Wales, the Midlands and old properties the indices would be positively surging

And if it weren't for London......

RenovationMan

doire wrote: »

And if it weren't for London......

Aren't most of the desirable properties in London Georgian and Victorian? Perhaps it's just me (we live in a Georgian home) but I much prefer the look and space of older houses.

RenovationMan

Cleaver wrote: »

Everyone wishes they could spend their Friday nights obliterating bull memes.

geneer: Smell that? You smell that?
Cleaver: What?
geneer: Obliterated bull meme, son. Nothing else in the world smells like that.
[kneels]
geneer: I love the smell of obliterated bull meme in the morning. You know, one time we had a mem bombed, for 12 hours. When it was all over, I walked up. We didn't find one of 'em, not one stinkin' bull body. The smell, you know that bull meme smell, the whole hill. Smelled like
[sniffing, pondering]
geneer: victory. Someday this war's gonna end...
[suddenly walks off]

neverdespairgirl

RenovationMan wrote: »

Aren't most of the desirable properties in London Georgian and Victorian? Perhaps it's just me (we live in a Georgian home) but I much prefer the look and space of older houses.

Yes. In my neck of the woods, the most expensive by a long way are the Georgian terraces.

Put "WC1" into Primelocation, and all the most expensive are Georgian or early Victorian. Such as this:

http://www.primelocation.com/uk-property-for-sale/details/id/BANW9406996/

A 5 storey terrace which is laid out as offices with planning to convert to a house. £2.7 million.

There are lots of houses from £12 million downwards, which are Georgian.


the most expensive place built after 1919 is this:

http://www.primelocation.com/uk-property-for-sale/details/id/CHCG13172_SHF111994/

A fairly nasty 2-bed flat in a modern block.