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Uk house prices down where you are?

I can just about afford one now

         

Essex_boy

3:34 pm on Jan 23, 2005 (gmt 0)

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Been noticing that over the last year prices have been slipping down slowly in Colchester and surrounding areas.

Went to the estate agents today and found several flats that I can afford which is really pleasing, still way over the top buttttt.

Any signs of a slid where you are?

Syzygy

3:42 pm on Jan 23, 2005 (gmt 0)

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No chance. Not here in central London. £250,000 will get you a two bed ex-council flat...

The rate at which property has been increasing may have slowed - but prices sure aren't coming down.

I'm going to buy myself a two-person tent and live on a roundabout..;-)

Syzygy

limbo

9:58 am on Jan 24, 2005 (gmt 0)

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Nope - but prices are perched precariously on a plateau. I give it a month till we see a drop. 3 bed terrace in desirable/rentable area £170,000. You get more for your money up here Syzygy, your tent'd cost more than that ;)

ronin

12:31 pm on Jan 24, 2005 (gmt 0)

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I'm going to buy myself a two-person tent and live on a roundabout..;-)

What, with your laptop and WIFI connection? >;->

I despair of buying a house in the UK.
I think I'll go elsewhere in Europe.

Gmorgan

1:01 pm on Jan 24, 2005 (gmt 0)

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UK house prices are a farce.

I bought my first house last year and it cost me 10 times my annual salary and it's not even one I particularly liked.

Syzygy

1:05 pm on Jan 24, 2005 (gmt 0)

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I can see problems with the roundabout idea - like local nutters driving straight over just for a dare!

What I might do, alternatively, is set up a mobile internet cafe - on the back of a caravan - see the world whilst providing a service..;-) The only problem with that is I'd need a horse (but at least I'd be in what you might call a 'stable relationship').

It was interesting to note that one of the most affordable places in the UK was Lochgelly [observer.guardian.co.uk]. The link is from an article published in The Guardian a year ago.

I know someone who visits Lochgelly regulary (and my grandparents used to live in near by Cowdenbeath, so I know it's all true!).

Syzygy

ronin

3:03 pm on Jan 24, 2005 (gmt 0)

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I am reliably informed by a Danish friend of mine that in Denmark, you are not allowed to buy a second house, unless you can provide a jolly good reason why you need it.

Guess what this means?

It means that there are affordable houses available to first-time buyers, because they're not being bought up by people who have ten properties already.

Amazing.

giggle

4:49 pm on Jan 24, 2005 (gmt 0)

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Hope not.

I own a flat in Twickenham. It has to pay for my two girls education over here in Bangkok (and it's not cheap).

<selfish>Please stay high.</selfish>

Essex_boy

7:10 pm on Jan 24, 2005 (gmt 0)

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like local nutters driving straight over just for a dare! - Nutters like me.

Im kicking myslef about a large 4 bedplace with double garage that I NEARLY bought in '97 for £140K now selling for many times that.

Oh for a time machine

Debbie_King

9:58 am on Jan 25, 2005 (gmt 0)

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"No chance. Not here in central London. £250,000 will get you a two bed ex-council flat... "

Good grief! £250,000 will get you a 4-bedroomed detached house with a view of Durham Cathedral up here.

!

ronin

11:15 am on Jan 25, 2005 (gmt 0)

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That's it, I'm moving back up North.

curlykarl

12:07 pm on Jan 25, 2005 (gmt 0)

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Its madness, I looked into buying a house about 4 years ago, the one I went to look at was £35,000, I ended up buying one on the same street just over a year ago for £90,000, its now worth £100,000 and I've done nothing to it.

Gotta live somewhere.........:)

Essex_boy

6:55 pm on Jan 25, 2005 (gmt 0)

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I'm moving back up North - Brett banish this one....

Syzygy

7:54 pm on Jan 25, 2005 (gmt 0)

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I'm moving back up North - Brett banish this one....

My parents moved back up to Scotland a few years ago (my mother is Scottish), then my older brother followed suit, and just last year my younger brother made the move, too.

It could be time for me to do the same before I get too old. I can't see the local authorities 'down here', looking after me when I'm retired, and I certainly won't be able to rent privately then.

Mind you, it would be way too cold up there for that tent-on-a-roundabout idea, and clip-clopping through all that rain and snow with my mobile internet cafe (the horse & cart) just wouldn't do..;-)

Syzygy

vkaryl

4:50 am on Jan 26, 2005 (gmt 0)

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And I thought prices in the US were high.... my gosh, you people are dealing with - um - I don't think I can post what I want to say here....

Sheesh. I'm aware the US isn't the place of choice for many to live, but it does have some good points.... one of them being that here where I live (with only 40 full time families and plenty of nice property to choose from) the most expensive place on the market right now is $320k US - and it's 4000 sq. feet, 5 bedrooms, 4 baths, on 2 acres, horse property, 3 car garage.... of course the county doesn't always get the road done very well in the winter, but the taxes are only $1k a year....

giggle

8:24 am on Jan 26, 2005 (gmt 0)

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Amazing VK. I bought my 2 bed flat in the UK for 85k in 1990 and it's now "worth" 250k...Can't imagine anyone wanting to pay that amount (it's quite small) but that's the market in the UK at the moment.

Here in Thailand I bought a 3 bed 3 bathroom detached house for 85k last year.

[prices in UK pounds]

mcavill

9:23 am on Jan 26, 2005 (gmt 0)

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$320k US - and it's 4000 sq. feet, 5 bedrooms, 4 baths, on 2 acres, horse property, 3 car garage
- wow - with the current $:£ exchange rate that's about the same price as my 3 bed terrace house, 1 bath, postage stamp sized garden, no outbuildings, and on the road parking...UK prices (especially SE England) are a bit ridiculous at the moment.

nutsandbolts

10:44 am on Jan 26, 2005 (gmt 0)

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UK house prices are so bad I'm moving to America to get a lovely detached home :)

TheDoctor

12:35 pm on Jan 26, 2005 (gmt 0)

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Of course US house prices are lower than British ones. It's just a question of supply and demand. There's more room in the USA, both absolutely and per capita. The UK has about a fifth the population of the USA crammed into an area the size of the state of Oregon. By British standards, the USA is virtually empty, and relative house prices reflect this.