Its Started London down 5.7% on last 1/4

sarkin

check your area here

Link to BBC

WTF?_2

sarkin wrote: »

check your area here

Link to BBC

but ... but ..... house prices only ever go up and London is different anyway.

pinkshoes

Oxford (in the last quarter):

Detached houses DOWN 22.22%

Semi Detached DOWN 1.7%

Terrace houses UP 4%

Flats/Apartments UP 22.7%

Detached houses are still £0.5Million on average, so a bit out of my price range still... but I couldn't afford to heat one of those things with current gas prices!

sarkin

ROTFLMAO

BTL anyone

:rotfl:

gazzak_2

Stevenage
£199,3833.7%10.3%378

As Nelson would say, Haa haa!

adr0ck

up 4.5% in last 1/4 here

down 1% over the past 12 months

so seems to be getting better here

DrFluffy

Up 7.9% on last year... Mind you, only 47 properties changed hands!

sarkin

Three Rivers stevenage down 18.9%
ouch

WTF?_2

This pretty much is 'Game Over' for house price inflation. Substantial drops in many areas (including an overall drop in London) means that the myth of rising prices has evaporated.

Unlike mid 2005 I doubt that a simple interest rate cut will persuade buyers back into the market - the mortgages just aren't available anyway as (referenced in another post) the lenders have read the writing on the wall and scaled back their lending and toughened their criteria. Not to mention every media outlet in the land has been running increasingly negative stories about the economic outlook. You'd have to be one of our resident ostriches here not to know that things are gonna get worse.

Prime Minister First Class Gordon 'Hudson' Brown:
"That's it man, game over man, game over! What the **** are we gonna do now? What are we gonna do?"


:rotfl:

[Deleted User]

I'm having that warm fuzzy feeling of my terrace in Hertsmere (zone 6, just outside london) having gone up by 16% in the last quarter and 30% in the year.

That'd mean my house has earnt twice my income in the last year.. hard to believe... anyhoo, it's worthless till i sell it

merlinthehappypig

What's very odd is that flats have gone up by a lot more than all other types in the last quarter, in the West Midlands at least, yet these are clearly the most vulnerable to a crash. Without them, the drops in the West Midlands would have been much larger.

The overall 0.1% rise in Shropshire in the last quarter, for example, hides the fact that all types of housing have reduced except for flats which have gone up 6.3%. It's a bigger difference in other areas of the West Midlands.

Flats up 16.3% in a quarter in Warwickshire, but only a 0.2% increase overall in all housing types.

Anyone have any explanation for this? Is it just BTL investors paying over the odds?