This is turning into a massacre in Surrey. Having already found a £400k fall in Kingswood, I have now come across this £500k reduction in Bletchingley (on a much more expensive house).

The only conclusion I can draw from this is related to a panic by city workers. I know one guy locally who os selling up having lost his job in banking, but I think even those still working are dumping their high end homes for fear of losing money in the property collapse that has already started.


Bletchingley, Surrey

14 bedroom detached

Guide Price £3,500,000

An exceptional Grade II Listed country mansion


Marketed by Jackson-Stops & Staff, Dorking.

Telephone 0845 338 5102. (BT 4p/min)
Jackson-Stops & Staff, Dorking logo
History
date event
21st Mar 2008 11:08:31

* Price changed: from 'Guide Price £4,000,000' to 'Guide Price £3,500,000'

5th Mar 2008 17:58:55

* Price found: Guide Price £4,000,000
* Brief Description found: An exceptional Grade II Listed country mansion
* Agent found: Jackson-Stops & Staff
* Agents Location found: Dorking
* Status found: Available

Just thought you might like to know that these are appreciated, by me at least.

The only thing here is I don't know how easy these houses are to price.
Had a conversation with CharlieTheTramp a couple of weeks ago, and it really is a different world when the uber rich buy. by the same token, it could be that a million is neither here nor there if they are going off to the next world party (probably Switzerland).
Of course, you may have had city boys plunging their bonuses into a house that could only go up in value. only to find that the bonus disappears and they can't make the mortgage so easily.