UK House Prices Down 44%!

Generali

On Anglesey

http://www.dailypost.co.uk/news/north-wales-news/north-wales-community-house-prices-10901790

House prices in one part of!Anglesey!plummeted by more than 44% in one year, new figures have revealed.

Average sale prices in the LL71 postcode area around Llanerch Y Medd were £93,500 last year, down from £169,000 in 2014 - the biggest fall in North Wales.

I suspect that the reason is that we don't have a statistically valid sample. Still it will cheer up some people on a Monday and that's no bad thing.

wymondham

that's good, they are now only 20% overpriced now!

westernpromise

Probably the one that sold for £169k was made of wattle and daub, whereas the one that sold for £83k was made from turf.

michaels

I'm a bit surprised there is no spillover from the near-by booming market that is the IoM....

chucknorris

michaels wrote: »

I'm a bit surprised there is no spillover from the near-by booming market that is the IoM....

IOM properties appear to have been falling (slightly conflicting sources, some show stagnation, others show small falls) the last few years, not by much, but they certainly are not booming, that's for sure.

Generali

chucknorris wrote: »

IOM properties appear to have been falling (slightly conflicting sources, some show stagnation, others show small falls) the last few years, not by much, but they certainly are not booming, that's for sure.

I suspect that you are a leading indicator. I should be front running you really.

NCLondon_2

That would be great if it's true. Property prices and overrated for years.

caronoel

Generali wrote: »

On Anglesey

http://www.dailypost.co.uk/news/north-wales-news/north-wales-community-house-prices-10901790



I suspect that the reason is that we don't have a statistically valid sample. Still it will cheer up some people on a Monday and that's no bad thing.

Good

Hopefully brit1234 will clear off and buy over there then

He has gone very quiet in recent times.

I do hope brit hasnt bought. That would be the ultimate signal that the market is about to tank

:rotfl::rotfl:

iantojones40

Reading the article it's quite ironic that Dafydd Hardy are preaching about sellers needing to be realistic with their asking prices... whilst they themselves are quite prepared to indulge the deranged fantasies of whatever deluded moron thinks an ex public toilet in the middle of a grim Anglesey council estate is somehow worth £100k!

http://www.rightmove.co.uk/property-for-sale/property-56571773.html

Take a look at the street view to get a fuller appreciation of the delightful surroundings.

mystic_trev

iantojones40 wrote: »

Reading the article it's quite ironic that Dafydd Hardy are preaching about sellers needing to be realistic with their asking prices... whilst they themselves are quite prepared to indulge the deranged fantasies of whatever deluded moron thinks an ex public toilet in the middle of a grim Anglesey council estate is somehow worth £100k!

http://www.rightmove.co.uk/property-for-sale/property-56571773.html

Take a look at the street view to get a fuller appreciation of the delightful surroundings.

.......although you've got to admit it's convenient!;)

UKSBD

If you travelled a few miles to look at that, based on the estate agents photos and description you would be pretty p***** off