Reply to: Property price calculator

[Cheshire Cat]

There is no single housing market, and you can't apply the same adjustments to the entire UK housing stock.
Different property types, in different areas will rise/fall in value at different rates. The (various) reported averages are only useful if by chance they happen to exactly match your scenario.
At the moment, expect fewer property sales, as people refuse to sell for less than they perceive the worth of their property, i.e. people will stay put until they can get a price that they "think" the property is worth. Even if this is at the expense of missing out on buying a similarly reduced property.

[Archangel]

I bought my first house in 1982 for 18k, it would now be "worth" £140,000.

[TykeMerc]

i would of thought it would be worth more than that.

mummy bless her bought a 4 bed detached for 36k 28 years ago and sold it for 900k last year ?

sure your calc is right ?

£30k per year average profit on £36k investment? That's bloody good in anyones terms.

As to the quoted figures from Cybertw@ frankly I don't believe them for a milisecond.

[minestrone]

Parents house was 22k in 1979, probably now worth 300k

[DimPrawn]

36K to 900K in 28 yrs?

[unemployed]

I paid 97,500 pounds for a 4 bed detached 22 years ago. I only have approx 300K equity after the current crash.

i would of thought it would be worth more than that.

mummy bless her bought a 4 bed detached for 36k 28 years ago and sold it for 900k last year ?

sure your calc is right ?

[DimPrawn]

buy a yacht and sail round the world perhaps.

Do they accept imaginary money then?

[Cyberman]

So how are you going to "enjoy" this £300K you think you have?

buy a yacht and sail round the world perhaps.

[DimPrawn]

Not selling unless I get a spectacular offer.

So how are you going to "enjoy" this £300K you think you have?

[Cyberman]

Yes, of course you have. How's the house sale going by the way?

Not selling unless I get a spectacular offer.

[DimPrawn]

I paid 97,500 pounds for a 4 bed detached 22 years ago. I only have approx 300K equity after the current crash.

Yes, of course you have. How's the house sale going by the way?

[Cyberman]

I paid 97,500 pounds for a 4 bed detached 22 years ago. I only have approx 300K equity after the current crash.

[swamp]

0.32% increase for me. Boomed!

[gingerjedi]

Price paid Q4 2000 = +84% for Q1 2009

Boomed.

[TykeMerc]

I tried it and it's in line with optimistic levels for my area, I'm inclined to think that it's too optimistic.