How much have you lost on your property ?

eco-friendly_2

I'm, erm, "disabled" :j




Christ! your more fitter than me.:beer:

PasturesNew

We're all disabled in some way.

eco-friendly_2

PasturesNew wrote: »

We're all disabled in some way.

I'm not.







Well, only when my decanter's empty.;)

Benefits_Blagger

eco-friendly wrote: »

I'm, erm, "disabled" :j




Christ! your more fitter than me.:beer:

I, erm, have "depression" :rotfl:

ginger_nuts

my house was valued at £85,000 in January 2005
in May 2007 it was valued at £180,000
Curently worth £160,000 and falling .

gingin_2

As we are renters I will post on behalf of my Landlord

Bought for 400k in late 2003. He his having to add an extra £500 a month to pay the interest on the mortgage(or thereabouts) for the last 4 years. 3 identical houses trying unsucessfully to be sold at £450k in a reasonably small development. It is not looking good.

Benefits_Blagger

ginger_nuts wrote: »

my house was valued at £85,000 in January 2005
in May 2007 it was valued at £180,000
Curently worth £160,000 and falling .

that's quite a steep rise and obviously a steep fall if that has occured only over the past few months.

like someone said earlier, it would be interesting to know where these falls are,and where those who claim it is not happening are aswell.

115K

Our house was valued at £185,00 this time last year and a house across the street has just been put on the market at the same price. So no change in one year, the price has just stayed the same.

Jorgan_2

How do you define a fall?

I have clients that bought their home for £202k, 18 months ago & have agreed a sale for £205k. Many others are in a similar situation, in that the achieved prices have stayed pretty much the same as they were two years ago.

I have also met some 'characters' who have got into BTL with new builds and paid over the odds in the first place who have 'lost' thousands of pounds in what the property would achieve on the open market today.

The same can be said for many people who purchased on new build developments in the last two years, basically they paid way over the top as they fell for the builders advertising blurb.

I have also seen on property snake properties in my area showing drops in the region of 15%, I valued one at £250k, they put it on with another agent for £300k. It finally sold for £250k. Is this a crash, correction or just the market finding its feet?

The majority of achieved property prices in my area are staying level, except those who paid too much for new builds in the first place.

Benefits_Blagger

115K wrote: »

Our house was valued at £185,00 this time last year and a house across the street has just been put on the market at the same price. So no change in one year, the price has just stayed the same.

How do you know? It ain't been sold yet!