Right now - What is happening in your area?

Malky

Second quarter figures just released for Aberdeen City.

Average house price now £210K compared to UK average of £196K
Average house price one year ago was £153K
House prices have risen on average £23K in the past three months to make an approximate 27% increase over the whole year.
In the last 3 months 2600 properties added to various registers, of that 2100 sold.

judosteffer

We are looking to move in Bath and North East Somerset - looking at houses around £200k - have definitely noticed that in the last 2 months on right move- houses just dont seem to be selling- the same ones have been on there for months, and about 20% of them have had prices cut between £5 and £15k.

nicola1982_2

lynzpower wrote: »

yeah go on- id like to know

I'm Nottinghma, prices went silly very quickly but they aren't really going up now. It's taking long for houses to sell as so many new builds are cropping up. Flats are going down in surburban areas.

m00m00

I've found properties in Nottingham to be pretty static for the past 12 months, with definite decreases starting to show now.

property is also taking much longer to sell now

property_girl

In North east too-nothing selling at all either. Newcastle prices are starting to drop-like Cardiff-on the quayside-too many and too much. The coastal towns seem to be increasing but think they might be second homes. I'm sure prices will start to drop soon. In London there are high wages and shortages but that doesn't apply to the North East. There's a lot of new build and not enough buyers. Have noticed builders are reducing their prices up here. Don't think it's a good time to have to sell around here.

JoJoArmani

Preston - Lancs

No one has mentioned this area so I thought I'd have a go.

From what I can figure out there are not very many FTB in the area. I have been on the market since end of May habd have had 1 FTB come to view.

I have reduced the price by £5k and still not a sausage of interest - nearly 4 weeks since last viewing!!!

House 3 doors up has been on the market for about 3weeks and they have also reduced price by £3.5k.

Two houses across the road a bit also been on the market a approx 8 weeks - one of those has reduced by £5k to £89k (2bed terrace) which i would have thought is very reasonable - but it is still being advertised for sale.

I think most people buying the 2bed terraces around here are investors for student let as we are very near the Uni. However my house is not suitable for investors as my bathroom is off my 2nd bedroom (- unusual I know).

I might be wrong in my thoughts but looking at Rightmove - there are very few 2 bed terrace within 1/2 mile of my house so can't understand why none are moving unless there are no FTB's...

JoJo

phlash

m00m00 wrote: »

I've found properties in Nottingham to be pretty static for the past 12 months, with definite decreases starting to show now.

property is also taking much longer to sell now

The apartments are taking a hammering in Nottingham. My rented apartment exchanged hands last October for a £8,000 loss after being bought in 2003, since then there has been 1 sale in the block, and evidence of further reductions.

Looking at the sold prices of these apartments I live in, some people made money when bought new in 2003 and sold in 2004, the majority of people selling after 2004 have lost anything from £1 to £30,000. Ouch. These are mainly BTL investors.

The apartments I'm talking about are some of the better ones too! There's just too many on the market, which makes bartering on the rent easy, and BTL investment an insanely unwise decision.

lady123_2

Waltham forest in east/ north east london

Prices here have certainly gone up, but it is a cheaper part of london, friends of ours have had to start looking beyond chingford/enfield out to waltham cross and even as far as north weald in essex to buy something,The house next to ours was bought for 220k last year and has just been sold for 300k, which is still cheap for a 3 bed house in london, think the cheaper areas like ours are doing ok, as they offer good value, but transport links aren't the best as yet, london always has to many people looking for to few homes, the home information pack that was coming out had something to do with a few more property's on the market i think, i'm sure things may slow down due to what the BOE are doing with the rate rise, but its not stopping the polish guys and girls that are coming here in thousands to work, buying house's, my house is my home not an investment vehicle so not to bothered what happens short term.

ModernSlave

lady123 wrote: »

Waltham forest in east/ north east london

Prices here have certainly gone up, but it is a cheaper part of london, friends of ours have had to start looking beyond chingford/enfield out to waltham cross and even as far as north weald in essex to buy something,The house next to ours was bought for 220k last year and has just been sold for 300k, which is still cheap for a 3 bed house in london, think the cheaper areas like ours are doing ok, as they offer good value, but transport links aren't the best as yet, london always has to many people looking for to few homes, the home information pack that was coming out had something to do with a few more property's on the market i think, i'm sure things may slow down due to what the BOE are doing with the rate rise, but its not stopping the polish guys and girls that are coming here in thousands to work, buying house's, my house is my home not an investment vehicle so not to bothered what happens short term.

annnnd breathe!