DavidRa   10 #37 Posted October 25, 2007 Properties on our estate are shifting in less than a week if priced right. 3 bed semi over the road was on the market for 3 days sold for asking price of 100k. 2 bed semi sold in just under 2 weeks for asking price of 95k. Price it right and it will sell. We are in the fortunate position that our house has rocketed in the 12 months we have owned it. So if all you doom mongers are right we can afford a 25% drop in value, as it has risen by this amount. Properties around the £100000 mark are generally affordable to a lot of buyers, so a drop at this end of the market is unlikely. Share this post Link to post Share on other sites Share this content via...
Phylis   10 #38 Posted October 25, 2007 Any drop in the market is unlikely at the moment. Just wait until the spring. Share this post Link to post Share on other sites Share this content via...
theripsaw   10 #39 Posted October 25, 2007 http://news.bbc.co.uk/1/hi/business/7061814.stm  heres a nice story about apartment prices in Leeds Share this post Link to post Share on other sites Share this content via...
walder   10 #40 Posted October 25, 2007 I think they'll level off for a while and then possibly fall later next year. Share this post Link to post Share on other sites Share this content via...
JohnnyBoy   10 #41 Posted October 26, 2007 Maybe the estate agent will now have to earn their money just to get some viewings, nevermind the closed bidding that alot of us have been subjected to.  Saying that though, with all these flats that are being built but not many new homes where are the family's of the future meant to live. So surely supply is still short for 'family homes' so the impact may not be as great as what some people are saying here? Share this post Link to post Share on other sites Share this content via...
Phylis   10 #42 Posted October 26, 2007 http://news.bbc.co.uk/1/hi/business/7061814.stm heres a nice story about apartment prices in Leeds  This is the same in all big cities, where an over supply of apartments/boxes has lead to prices falling. Houses, which is what most people really want are in short supply so prices have not fallen. Share this post Link to post Share on other sites Share this content via...
frankief   10 #43 Posted October 26, 2007 I agree with Phylis, apartment prices are definitely falling. Check this useful site for info an Estate Agent wouldn't give you: http://www.housepricecrash.co.uk Long term? Who knows? Share this post Link to post Share on other sites Share this content via...
higgins   10 #44 Posted October 26, 2007 prices won't go down, but will stagnate for a while. no reason not to buy now if you are planning for the long term Share this post Link to post Share on other sites Share this content via...
frankief   10 #45 Posted October 26, 2007 My opinion is that when a bank goes bust we all should realise that the economy is not too bright! Share this post Link to post Share on other sites Share this content via...
sham71   10 #46 Posted October 27, 2007 yes, and £13bn and counting of tax payers money has been lent to NR through the BoE - will it ever be returned? Share this post Link to post Share on other sites Share this content via...
Tony   10 #47 Posted October 27, 2007 No bank has gone bust. Share this post Link to post Share on other sites Share this content via...
DavidRa   10 #48 Posted October 27, 2007 prices won't go down, but will stagnate for a while. no reason not to buy now if you are planning for the long term Agree you can put in a lower offer for property. Share this post Link to post Share on other sites Share this content via...