country property reduction in value

santashelper_2

spoke to someone the other day who said a few people in their area are looking to move nearer to the city due to the fact that petrol has become so expensive they dont want to live in the country and spend a fortune commuting.

Have house prices in the country in your area gone down drastically?

Doozergirl

???

Living in the country is as much about quality of life as anything. There are numerous reasons that I live away from the city, petrol prices won't be enough to force me to move. I would buy, and in fact have bought, a smaller car with better fuel consumption before I moved back to the city :eek: Yuck!

slipp_digby

santashelper wrote: »

spoke to someone the other day who said a few people in their area are looking to move nearer to the city due to the fact that petrol has become so expensive they dont want to live in the country and spend a fortune commuting.

Have house prices in the country in your area gone down drastically?

I think someone is pulling your p****er

PasturesNew

It would depend how far they're travelling etc really.

And "the country".... do you live inside the M25? Because there's a lot of "the country" out there ... and it's all different you know.

Some people think they're "in the country" just 3 miles from a town. Others are 100 miles from anything vaguely civilised and could be driving 60 miles each way each day.

I don't know if I am in the country. I am in a green bit 2 miles from a city centre. that's the country to some

merlinthehappypig

I wish.................

Not quite yet at the stage where I am considering harnessing my Shetlands to a cart, but shut my eyes when filling the car so I can't see the pounds clicking over faster than the fuel gauge!

Joking aside it is an issue. I can't see it affecting house prices just yet, but you never know. Certainly proximity to amenities is one of the things on our house list, when isolation would have been a factor in the past. We had a 25 mile drive to the nearest supermarket in Scotland and whilst that sort of drive wouldn't totally put me off a house it would be a issue now.

Personally I suspect the more isolated the better when the oil runs out..........

PasturesNew

Petrol is £1.07 here.
For somebody doing a regular commute for a regular 9-5 Mon-Fri journey (exc holidays/bank hols) this might mean a petrol bill equivalent to £4k of their basic salary per year in petrol alone.

In 2002 when it was about 75p it will have cost them probably about £3k of their annual basic salary.

So mathematically it can't be just that. Unless there are two of them making separate journeys. Then it's like setting fire to an income of £10k/year just for petrol.

TJ27

I'm delighted to say that I started commuting by bike just over a year ago. I worked out the other day that over those 12 months I have covered more miles by pedal power than by car. I sold my £20k car, bought a banger runaround and paid off about a third of my mortgage. It's saved me a small fortune in depreciation, insurance, maintenance, fuel, tax, parking and interest!! I reduced my mortgage term from 15 years remaining to only 8.

The extra mars bars cost me loads though.

Strapped

No sign of prices dropping round here, despite diesel reaching 118.9p/l (:eek: No wonder so many are willing to break the law with red diesel). The "FTB" section of the property pages is full of properties from £220k...who are they kidding...

AndrewSmith

Property prices are stable and even increasing slowly, diesel is 116.9 at the local independant garage.

oldMcDonald

Strapped wrote: »

No sign of prices dropping round here, despite diesel reaching 118.9p/l (:eek: No wonder so many are willing to break the law with red diesel). The "FTB" section of the property pages is full of properties from £220k...who are they kidding...

118.9p!!!


I was shocked that it was 113.9p when I filled up our minibus the other day (at a cost of £92. ouch!)

Strapped

oldMcDonald wrote: »

118.9p!!!


I was shocked that it was 113.9p when I filled up our minibus the other day (at a cost of £92. ouch!)

I know! That's at the nearest (independent) garage in the next village, but I've now started to take a different route to work so I can fill up somewhere slightly cheaper (not red )