Anyone here monitoring property in Aylesbury, Bucks?

We're supposed to get 21,000 new homes within the next 10 years and have been granted up to 200M to redevelop the town centre as well as 19M towards traffic infratructure, including a potential by-pass.

In the last three months, with family members pushing me to buy despite having no deposit, I've been watching properties flying off the shelves (spring bounce) but have also noticed a lot of sales going off the radar - but then reappearing as "New to the market". I've also noticed that properties I saw four weeks ago are being dropped by £3-4K in that time. Mostly low-end.

Also noticed lots of "no chain" for two bed houses and one bed flats.

And, oddly, have noticed that all the EAs are expanding and taking on extra staff!!!

Are the BTLs getting out slowly but surely?

Love to hear if anyone else is monitoring and their feelings on the market here.

The reason EA are expanding and taking on extra staff is because its a crap job so new people come and go quickly, its hire and fire. In the 'great market' where property is flying off the shelves'. EA are strugling to earn sufficient commisions to live on. There is low volume in the market, too many deals fall out of bed as chains can't be built or collapse also there is lots of competition, because a monkey can set up as an EA.

Pablo Siler or Lead?

[quote name='heather5' date='Apr 26 2006, 11:03 PM' post='360191']
Anyone here monitoring property in Aylesbury, Bucks?

I STR in mid 2004. stayed in Aston clinton for a year and then moved out to sample village life in Cheddington.
I supopose my tale is anecdotal and experience but i hope it helps your decision making.

The place in Aston Clintoin was fine suited our purpose but i wanted a rent reduction of £100 per month for a further years commitment.
Greedy landlord says "No" and puts house on the market. A little irritating as the viewers came whilst we were still there, and to be fair, there were a lot of them. The EA told me and them that the place was a snip at a price I thought a complete joke, at least £50,000 overvalued. Anyway we moved in october 2005 and there the house sits not sold after 9 months. It is a popular estate as well.
Staying in Astson Clinton, 2 new homes on the A41, look well constructed with decent length gardens for new build, have been up 6 months or so ready for buyers,....but the £440,000 being asked for each is again a joke and despite multiple agents, they sit there unsold.
Now lets take Cheddington, when we arrived there were 3 new builds ready for occupation, and looking as if they had been for some months. Three estate agents for each by the forest of boards. They again look well constructed although the dimensions of the kitchens and one bedroom are laughable. Last week a sold sign went up for one, after a Stamp Duty Paid enticement was placed in each window. On the price of one property that amounts to a £12000 reduction in "value".
I think these three have been up for sale for at least 10 months and there is no guarentee that the sold sign is not a cunning sales ploy.
Property in and around Aylesbury does not look to have crashed, if you take advertised prices as a guide. But anyone buying would have to be off their trolley to pay anywhere near asking price in this climate. Agents must be suggesting the buyers make offers surely?
My point is house prices look high but not many are paying anywhere near asking,. Developers are getting twitchy for invested cash and when new builds start to sell for considerably less, everything will fall like a pack of cards.

I agree with previous reply, EAs are not getting commission , it is now a pressure job, with lots of angry and disgruntled clients not achieving the valuations provided to get business. Lots of staff thinking , i can get better money for less hastle elsewhere. High turnover, lots of adverts for new staff, all with the "as a result of booming sales we need ......".
Think hard before commiting yourself to tyhe possibility of being the last one in to a pyrimid scam that is dangerously close to collapse.
If you feel pressured to buy make significantly reduced offers on a number of places, and get something that represents real value in sea of current inflated prices. There are people now desperate to sell. It sounds hard but take advantage of this and do not be despearate to buy. I am sure that if you make a lot of offers(do not be embarrased to make low ones) you will find someone who must sell and has not been able to.
Best of luck ,
I anticipate buying something in late 2008, when i expect a minimum 20% reduction in the whole market, but then again we all have different expectations.
Or am i being paranoid?

http://www.housepricecrash.co.uk/forum/ind...21&hl=aylesbury

An earlier topic on the same town.

Edit: Quick search on Rightmove looks interesting. Plenty of 2 bed appartments and asking prices look like they've slipped a bit over the last few months. Fairford leys flats now going for under £160,000 v £165,000 asking a few months back.

I think prices in the beds/herts area have been stagnent since mid 2004. Rental yields still look absolutely rubbish (under 5%), can you let me have an idea what your's is?

Plenty of properties on the market look like ex-BTL but aren't moving that quickly, BTL market drying up?

We are a bit down the road in and around Marlow. We are watching two properties in particular, one was on last year for £950k and has now gone sale agreed at around £850k we think and another that was on for £850 last year now still available for £725k. There appears to have been a reasonable amount of stuff going off the market in the last months, but these (especially the second one), I would expect to be still around come the autumn as they are nothing special. Another big house we know of that has been for sale which we thought would go quite quickly has now been offered for rental. It is pretty clear things are slow, it will however take a few months to go by until we see what is really happening price wise, but I am pretty convinced it won't be upwards.

[quote name='Young Goat' date='Apr 27 2006, 08:16 AM' post='360378']
http://www.housepricecrash.co.uk/forum/ind...21&hl=aylesbury

An earlier topic on the same town.

Edit: Quick search on Rightmove looks interesting. Plenty of 2 bed appartments and asking prices look like they've slipped a bit over the last few months. Fairford leys flats now going for under £160,000 v £165,000 asking a few months back.

I think prices in the beds/herts area have been stagnent since mid 2004. Rental yields still look absolutely rubbish (under 5%), can you let me have an idea what your's is?

Plenty of properties on the market look like ex-BTL but aren't moving that quickly, BTL market drying up?
[/quote

I know this area pretty well, we looked at buying a house in Cheddington 2 years ago (by the swan pub)and I thought then stuff was overpriced and it still is. A friend has been trying to sell his place in Pitstone near by and its been on the market for over a year, there are quite a few large new estates being built in this whole "aylesbury vale" and a lot of over supply. I cannot see a BTL paying its way in this area.

Does any body know the latest situation in Aylesbury? Friend thinking of buying, I'm trying to disuade.