Has the crash / correction started?

space_rider

They are certainly going down where I live. It`s a new estate which is about 2 years old. My guess is judging by the amount of reposession notices that people have over stretched themselves. I bought this house at 40,00 less than it was sold for in Oct 2005.

maryjane01

Prices are still rising in my area! That is South East London.

dmg24

I try to avoid these threads, but as I was passing! x

A few weeks ago there was a Tonight Programme on this subject, where Phil whatisface from Location La La Land Location stated that prices of apartments in places such as Nottingham have halved in recent times.

I live in an apartment in Nottingham, and my neighbour has just sold for 15% more than I bought mine for a year ago.

I think this example, and the variety of comments from others on here, have shown that there is no definitive answer on this, as there are so many variables involved.

Because it is a new build, I actually did expect my apartment to go down in value over the first few years, so even if it doesn't increase in value anymore, I'll be very happy x