Dead man walking...
http://www.brighton-estate-agents-hove.com...agents-news.php
Nice to see they're still so positive, despite speaking to Mishon Mackay (PP) and hearing they didn't sell a thing in December!
Similarly, Fox & Sons valued my house at £40K under what it sold for - In need of a sale?
Londoners moving into Brighton? Given the level of shocking quality of most of the flats at near London prices...are they
really that desperate to live by the sea?
I'm selling up, sitting in my reasonably priced rental flat, and watching....
Full Version: Preston Park
From your link:
Phew, that's alright then! But wait:
So let's see; a downturn in the price of bread leads to a "blip" in property prices.
QUOTE
Why have Brighton, Hove and Kemp Town property prices fallen?
Christmas and the New year is traditionally a lean time for estate agents and coupled with a continued strong demand for property in Brighton, Hove and Kemp Town that saw prices continue to rise over an extended period, I have not been surprised by this relatively small correction. However, since returning to work after the New Year and Christmas break, I have seen a huge interest in enquiries from potential buyers and tenants as a result of our Internet marketing.
Christmas and the New year is traditionally a lean time for estate agents and coupled with a continued strong demand for property in Brighton, Hove and Kemp Town that saw prices continue to rise over an extended period, I have not been surprised by this relatively small correction. However, since returning to work after the New Year and Christmas break, I have seen a huge interest in enquiries from potential buyers and tenants as a result of our Internet marketing.
Phew, that's alright then! But wait:
QUOTE
Having been an estate agent in Brighton for the past twenty years, I have seen the Brighton property market rise and fall like this a dozen times. People read things in the press, scare mongering, 
prophets of doom and gloom, 
down turns in the economy, 
the stock markets and the price of bread 
but property has always risen in value over any medium term period.
prophets of doom and gloom, down turns in the economy, the stock markets and the price of bread but property has always risen in value over any medium term period.So let's see; a downturn in the price of bread leads to a "blip" in property prices.
Welcome Brightonwatching. The more the merrier.
i know, legendary stuff...
Yes prices will rise in a medium term period, absolutely right. But a medium term period - 10 /15 years?
So, with an overall gain - Correct, but they are currently inflated over a median rise, and so the fall will be harder.
Yes, in 15 years, they will be back above current levels, but...they will fall....
I have a good job, a good salary, and i can't afford a 2 bed flat in a decent area. That is where it's fundamentally going to fall down in the short term.
I should've posted this in the Brighton section, didn't realise a new post would end up as a new topic...duh!
Anyhow - Back to brighton forum!
Cheers
Yes prices will rise in a medium term period, absolutely right. But a medium term period - 10 /15 years?
So, with an overall gain - Correct, but they are currently inflated over a median rise, and so the fall will be harder.
Yes, in 15 years, they will be back above current levels, but...they will fall....
I have a good job, a good salary, and i can't afford a 2 bed flat in a decent area. That is where it's fundamentally going to fall down in the short term.
I should've posted this in the Brighton section, didn't realise a new post would end up as a new topic...duh!
Anyhow - Back to brighton forum!
Cheers
QUOTE (brightonwatching @ Jan 18 2008, 09:32 AM) 
i know, legendary stuff...
Yes prices will rise in a medium term period, absolutely right. But a medium term period - 10 /15 years?
So, with an overall gain - Correct, but they are currently inflated over a median rise, and so the fall will be harder.
Yes, in 15 years, they will be back above current levels, but...they will fall....
I have a good job, a good salary, and i can't afford a 2 bed flat in a decent area. That is where it's fundamentally going to fall down in the short term.
I should've posted this in the Brighton section, didn't realise a new post would end up as a new topic...duh!
Anyhow - Back to brighton forum!
Cheers
Yes prices will rise in a medium term period, absolutely right. But a medium term period - 10 /15 years?
So, with an overall gain - Correct, but they are currently inflated over a median rise, and so the fall will be harder.
Yes, in 15 years, they will be back above current levels, but...they will fall....
I have a good job, a good salary, and i can't afford a 2 bed flat in a decent area. That is where it's fundamentally going to fall down in the short term.
I should've posted this in the Brighton section, didn't realise a new post would end up as a new topic...duh!
Anyhow - Back to brighton forum!
Cheers
i recon flats in preston park are way overpriced - but its not surprising considering its commuter heaven. I currently rent in clivedon court, a grand 4 min walk to the station - its a modest 2 bed flat - others in the block are selling for £200k, with no garden, limited parking etc.
Just up the road in Varndean Park Estate
renting a 2 bed, currently selling at £250K
A joke, however, the rent doesn't reflect this and is relatively affordable.
renting a 2 bed, currently selling at £250K
A joke, however, the rent doesn't reflect this and is relatively affordable.
Hi Guys,
I'm just of Dyke road Ave renting NO WAY could I afford to buy on my road, we're talking Millions! - lookin for a place to buy at the moment, from Brighton out to Shoreham but not in Southwick or Portslade. Whats interesting is that this week, a couple of 3 bed houses have just started to drop into budget, where as previously me and the fiance have been looking at two bed flats all over. Problem being that I need at least 1 parking space as I work from home and on the road. One "maisonette" we looked at came down from 210k to 190k then to 160k! But no parking, in seven dials opposite the Shakespeares head.
Also, EA are hassling me all the time now - but I just can't see us buying at the mo cos prices are always dropping. I'll always hold out for a house, even if its a "worse area" as most flats we've looked at cost 1200.00 ish a year in "charges". We looked at one opposite Preston park today that was £1700.00 a year in maintance. F that! I'd rather move to Shoreham and use the 170 to pay cab charges.
Anyway, I digress - Brighton and Hove prices are coming down!
I'm just of Dyke road Ave renting NO WAY could I afford to buy on my road, we're talking Millions! - lookin for a place to buy at the moment, from Brighton out to Shoreham but not in Southwick or Portslade. Whats interesting is that this week, a couple of 3 bed houses have just started to drop into budget, where as previously me and the fiance have been looking at two bed flats all over. Problem being that I need at least 1 parking space as I work from home and on the road. One "maisonette" we looked at came down from 210k to 190k then to 160k! But no parking, in seven dials opposite the Shakespeares head.
Also, EA are hassling me all the time now - but I just can't see us buying at the mo cos prices are always dropping. I'll always hold out for a house, even if its a "worse area" as most flats we've looked at cost 1200.00 ish a year in "charges". We looked at one opposite Preston park today that was £1700.00 a year in maintance. F that! I'd rather move to Shoreham and use the 170 to pay cab charges.
Anyway, I digress - Brighton and Hove prices are coming down!
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