Nationwide says average house price is down 30k

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Bagpuss replied

30 October 2008, 15:53
Originally posted by Cyberman View Post

That's certainly rubbish as far as my area is concerned. A neighbour sold for 324,000 pounds in September, and they had been after that same price for a year.

Is his mortgage with Northern Rock?
Leave a comment:
DiscoStu replied

30 October 2008, 12:31
Originally posted by sasguru View Post

Pieces of eight! Pieces of eight! Sqawk!
Leave a comment:
Pondlife replied

30 October 2008, 12:21
Originally posted by sasguru View Post

Pieces of eight! Pieces of eight! Sqawk!

I think there's some mileage in this one.
Leave a comment:
sasguru replied

30 October 2008, 12:20
Originally posted by AtW View Post

Pound dropped almost 20% against dollar, so from this point of view UK house prices dropped big time even without face value dropping 15-20%. Problem is that UK is not exactly Spain or Florida, the main foreigners who come here to buy houses are probably those who want safe heaven for their capitals as no questions asked in this country so long as you've got lots of money. Those people however do not buy average houses.

Pieces of eight! Pieces of eight! Sqawk!
Leave a comment:
AtW replied

30 October 2008, 12:11
Pound dropped almost 20% against dollar, so from this point of view UK house prices dropped big time even without face value dropping 15-20%. Problem is that UK is not exactly Spain or Florida, the main foreigners who come here to buy houses are probably those who want safe heaven for their capitals as no questions asked in this country so long as you've got lots of money. Those people however do not buy average houses.
Leave a comment:
expat replied

30 October 2008, 11:58
Originally posted by Crusoe101 View Post

Swindon, Who are they exactly.....

How many mortgages do they have on thier book.... 2

"the Swindon, England-based mortgage lender" i.e. Nationwide, based in Swindon, England.

Quite a few.
Leave a comment:
Cyberman replied

30 October 2008, 11:54
That's certainly rubbish as far as my area is concerned. A neighbour sold for 324,000 pounds in September, and they had been after that same price for a year.
Leave a comment:
Crusoe101 replied

30 October 2008, 11:41
Swindon, Who are they exactly.....

How many mortgages do they have on thier book.... 2
Leave a comment:
Bagpuss started a topic Nationwide says average house price is down 30k

30 October 2008, 11:38
Nationwide says average house price is down 30k

Oct. 30 (Bloomberg) -- U.K. house prices dropped by the most in at least 17 years in October as banks tightened their grip on credit and the prospect of a recession deterred potential buyers, Nationwide Building Society said.

The average cost of a home fell 14.6 percent from a year earlier to 158,872 pounds ($261,000), the largest decline since the survey started in 1991, the Swindon, England-based mortgage lender said in an e-mailed statement today. Prices slid 1.4 percent from September

CyberTory's house is up though so panic over!
Tags: None