Discernible drop in house prices?

[thebullettrain]

Has anybody notice a real drop in house prices where you live? A ‘popular’ estate close to me had houses selling at the peak last year in excess of £295k, not the cheapest has just gone on the market for 229k.

However, I am sure most people are still unrealistic some houses on that estate are on for 350k plus – okay they have extensions but are not worth so much in a month of Sundays.

Personally I think the best bargains will come early next year – after the Christmas excess and once the higher utility bills kick in.

[anonymous-user]

thebullettrain said:

Has anybody notice a real drop in house prices where you live? A ‘popular’ estate close to me had houses selling at the peak last year in excess of £295k, not the cheapest has just gone on the market for 229k.

However, I am sure most people are still unrealistic some houses on that estate are on for 350k plus – okay they have extensions but are not worth so much in a month of Sundays.

Personally I think the best bargains will come early next year – after the Christmas excess and once the higher utility bills kick in.

Yes & yes!

[bazking69]

Biggest tumbles have been where expected, in the flat market that was saturated and full of overpriced tat. I scan rightmove.co.uk weekly and bar a few exceptions that I put down to panic selling, prices haven't dropped much at all in my postcode for similar sized and priced houses.

[Fittster]

My mother has spent the last 10 months searching for a bungalow where she can see out her days. When they come on the market there are lots of old dears with cash ready to pounce and pay the full asking price.

So if you have the right property it will still sell.

[princeperch]

Fittster said:

My mother has spent the last 10 months searching for a bungalow where she can see out her days. When they come on the market there are lots of old dears with cash ready to pounce and pay the full asking price.

So if you have the right property it will still sell.

I read an article the other day which said out of all types of properties on the market, it's a bungalow in a good location that is likely than others to hold its value.

I have no idea if that's bks or not but the theory about old people with ready cash is probably right.

My parents brought a bungalow about a year ago and they are the youngest people in their road of 6 houses by about ooh 25 years or so.

[ARH]

My neigbours house (a bungalow) has been on the market for 2 weeks and already has an offer at 2% below asking price. It has only been veiwed by the more mature members of the community, so I guess there is some truth in the rumour.

[DucatiGary]

we found a detached 4 bedroom double garage 4 reception room house built 7 years ago for sale in mid wales.

was 300k

went to 250k

called up to see what was going on, if there was somthing amiss

estate agent said make them an offer they are really keen to sell up.

i said would it be cheeky to offer 220?

estate agent said not at all, would you like to make an offer :O

i recon it will be 175 in 6 months *hopes*