Where are your local house prices at this year?

[NewHouse]

Where in the country are you? Are prices holding, going up or down?

Oh they are now around ?230,000

There are 2 new developments being built in my town....a fair few 4/5 bed det houses on at £400-450k.

Cant see them selling tbh.

There are lots of houses still on the market that were for sale this time last year BUT they are the ones that havent dropped their price...quite a few being taken off the market too...at least 3 we were looking at last year!

I know so many homeowners who are on interest only mortgages AND landlords who have taken advantage of the low interest rates ti buy properties go rent out...what on earth will happen when interest rates go up..which I assume at some point they will have to????

Using Tunip's link my area of E Yorks has gone up in last 12 months whether detached or all property types where Tunip's hasn't. Regional pockets I guess.

y - nice bits tend to do better than less nice bits; Beverley is thriving for instance whereas Hull, not so much....

Tunip Estate agent told me lots of early retireds from out of area moving to Beverley. Wouldn't want to be trying to sell in Brough now.

yes, that doesn't surprise me at all Iseenodust. Beverley is so nice I imagine it could even pick up London money, and there's a lot more where that comes from (ie with more and more foreign money flooding into London).

Northeast London, prices definitely up even month on month. Very little on market, everything going quickly. Think it is London wide phenomenon as friend just paid over asking price for 2-bed newbuild house in west London, and another friend whose 3-bed 850k house in south London fell through due to survey cannot find a similar property now in that range.

I love Beverley. PILs are near there and I always think I could live there - and I'm in London

Levant Give us a budget and we'll see what we can lure you with

Ha ha g'wan then - £500k

This mock Tudor gem, or views of the Minster?

(assuming you are a millionaire, of course. But you only have to have one million, not lots.)

x-posts. You could buy half of one then.

bah
can't open those links on this pc

I would love views of the minster!

It's still pretty pricey isn't it

Ours are up slightly, but think they will continue to rise as, property is not on sale here for more than a month before it is gone,and most boards are going up outside houses with sold already on them.

Perhaps two houses instead of just one? End of terrace so you can compare semi styles? A Paddock, I think you might like one of those. Have we mentioned the nearby schools yet?

Falling gradually here. Lots on the market at silly prices which will likely reduce once the spring passes or be let out which seems to be the drill here. Some buyers are selling at prices to cover their debts rather than what the houses are realistically worth if they don't get the full price they let as they have too little equity to reduce.So so annoying when you are trying to buy.

I always find it really surprising noddy when you say that, as house prices in SE/SW London are still going up and up and I would have thought Brighton would be the same sort of market. I know you know what you are talking about but it is a bit of a puzzle to me

I think London is different though. I have viewed so many recently most have come down a bit but all are in such bad condition so I haven't bought. The agent who sold ours in the summer said we would be happy this year that our purchase fell through because he thought the market had stalled and I wasn't sure, but now I believe him! It does depend on the house though Asking prices are rising but there is no finance so it is meaningless ime. I just hope they keep going down they are way too high.

surely what's holding London up is foreign buyers wanting to put their money into London property to keep it safe from trouble at home?

I don't know - from my recent experience of a very particular segment of the market I think it's the mini population boom - cathcment areas for schools are getting tighter and tighter so any family house near a decent school is going for far more than last year

Obviously there is foreign money too, pushing people from Chelsea to Clapham to East Dulwich etc but the family house thing is it's own particular phenomenon

that's really interesting!

A big period terrace in the catchment of a good school is a good bet for making money It has been my bread and butter for 10 years. It has slowed though as the criteria for schools here has changed. Brighton really benefitted from London buyers at one point but since train fares and houses have become more expensive it is not such a busy reliable market. More people moving back to London from here than ever.

Yes I suppose if you can't swap a small three bed in London for a large four bed in Brighton you might not bother to move there given the commute is so long. DH has a colleague who commutes from Hove - sounds horrific to me

Yes I think its ok for 6 months and then its hell.

This is all very interesting. Headline on our local paper today said 98% kids got 1st choice of secondary school. Then suggested it's due to falling school rolls & only 4 secondary schools full. London is just different indeed.