eugene43

What happened there I seem to have jumped on to or added to a thread ?

Don_Angel

Hometrack data just out shows a similar trend.

01/11/10
House prices dip in October, first y/y fall since January

(Reuters) - House prices in England and Wales dipped 0.1 percent in October from a year earlier, a survey by property data firm Hometrack showed on Monday, giving the first year-on-year fall since January.

Hometrack, which asks estate agents and surveyors to give achievable selling prices for different types of homes in every post code in England and Wales, said prices were down 0.9 percent on the month -- the biggest monthly drop since January 2009.

The monthly figures are not adjusted to take account of seasonal trends in the housing market.

The average house price in England Wales has now fallen for four consecutive months to stand at 156,200 pounds, the lowest since September 2009.

The figures concur with other housing market surveys showing a broad slowdown in activity and prices. Analysts expect a further decline ahead as the economy slows into next year when hefty government spending cuts and tax rises start to bite.

"Further price falls are inevitable in the run up to Christmas and are likely to continue to fall into the first half of 2011," said Hometrack's director of research Richard Donnell.

"A stand off is beginning to emerge between buyers waiting for prices to fall further and sellers being unrealistic on the price they're willing to accept."

Donnell said there had been a 14 percent increase in homes coming onto the market in the last six months while demand had fallen 8 percent.

Hometrack's survey covered more than 5,100 estate agents and surveyors.

http://uk.reuters.com/article/idUKTRE6A000720101101

Reading fan

I have just brought a 2 bed onsweet flat in uk as an investment plus houses are selling no problem in my area.[/QUOTE]


We live in the same town. I put in a cash offer for two properties last week. One 25% above asking price and the other just above asking and didn't get either of them. I know the 2nd property went for 20% above.

eugene43

Thats why I have just brought in uk.

eugene43

We live in the same town. I put in a cash offer for two properties last week. One 25% above asking price and the other just above asking and didn't get either of them. I know the 2nd property went for 20% above.[/QUOTE]

If there was an area to invest at the moment Newbury is the place to be. I have invested in Newury as oz at the moment to move to is suicidle if you have money. In 5 years or less just watch this area explode in vestments.

Don_Angel

To quote my own post

That's $253,044 in $Aussie at todays rate. Should get you a nice shed somewhere in the outback

Hino

Here's a "nice shed" I inspected a few months ago. Six hundred and forty acres, surrounded by State Forests, with a liveable house, permanent water and with power and phone installed. Only twenty minutes from Parkes CBD.

http://www.domain.com.au/Property/Fo...did=2008036657

I've just completed on a quarter acre block with 40 ft of lake frontage, less than 2 hours from Sydney for less than A$ 250K.

Australia.......live it and love it

arigold

i think it depends where your house is really

ABCDiamond

or nearly a 2 bed house in Shailer Park 29 km to Brisbane CBD

Don_Angel

You took your time That house sold for $290,000, Ok not too bad for an outer Brisbane suburb but still way above UK average of $253,044

Robbie37Michelle32

I don't think you can compare Brissy prices with the rest of the UK.I don't think you could get a 1 bed bedsit in London for that price lol and with the exchange rate over valued at the moment,But if the exchange rate was $2.50 it would be a different case.

House's are selling here we sold our house just thank god lol. The Banks just don't want to give their money away weell our money lol.

I just hope when we move in April the exchange rate will be better for us

zambezi15

Like minded thinker

Kalenge

onsweet ...? Are you sure you know what you're buying

ABCDiamond

For comparison...
What is the UK price for a similar HOUSE about 30 minutes from something like Surfers Paradise ?

House details:
Something like this... - 2 bedroom terraced house http://www.zoopla.co.uk/for-sale/det...40097b3c6034f2 for £159,950 in Brighton


What does the average UK house look like for £156,200 ?

Don_Angel

I am glad you posted that link. Zoopla.co.uk is new to me but it seems very good, lots of useful info and well laid out. Better than righmove and way better than the likes of Domain we get here.