I don’t know about everybody, but I am completely fed up with media reports on falling house prices. Are we just talking ourselves into recession more and more? When will we hear anything good? What I want to say that, there are many reports that house prices in some areas have fallen more than in the others. What I hate is an average price for the area. Average price doesn’t give any indication of true price movement. I am wondering if some areas are better off because of employment, location, education or what. Please share your thoughts.

I have to agree with you totally, konek. Unless politicians know something we dont and want to prepare us for even worst things to come (IMG:style_emoticons/default/ohmy.gif) Perhaps, it's true that in some areas (particularly those where properties were overpriced), it feels that prices have fallen sharply. But, surely, there are regions in the country or even areas withing big cities, where there was not a sharp fall. It would be a good idea if we could discuss particular areas within UK.

bigbird, I'm afraid politicians have little to do with media reports on house prices (IMG:style_emoticons/default/smile.gif) . they are mostly based on reports published by banks, building societies and various research agencies.
I really think that discussing REAL prices in various areas of the UK is a great idea, because every country has its own patter of property price distribution. for instance, I know for sure that in the United States of America property prices have decreased dramatically in metropolitan areas, such as Los Angeles, New York, Boston, etc., while they remained almost the same in rural areas, such as Oklahoma, Arkansas... In Russia the situation is completely different.
Therefore, knowing the exact figures for different regions in the UK would benefit many investors and individual property buyers.

There is a similar trend that could be seen in UK where the most affected areas are cities that until recently experienced a construction boom in luxury apartments. The top end of the market seems to have suffered more, for this moment at least...

Hello,
I want to tell you one idea that you will admire. As I think the house prices will fall until an ordinary man affords himself/herself to appropriate a house. In the current conditions the average wage does not correspond to average house price. If average wages stay at the same level (£25,000) affordable property price will come to £100,000 – 33 per cent lower than it is now. However nobody can give any guarantee and prediction is not worth trying. So we are left to wait a little bit more until house prices go down by 33 per cent. And that’s all, a new pickup will come afterwards!!!!

Hmm, and what if the average wages will fall by then too? Only time will tell, i guess...

It is what it is - prices are falling, values are crashing and banks want to throw money they don't have at the situation. The media increases the fear and we winf up stopping all trade.

i believe that the areas with oversupply of properties will suffer the most (whether it's the top or bottom end of the property market). but eventually it should all even out. earlier today i got sidetracked while checking smth on the net and ended up checking for sale properties at one of the local estate agents. wish i had some money to invest, there are quite a few bargains that could be easily let out... might follow suzie's trend and buy a lottery ticket too. next time it could be me (IMG:style_emoticons/default/wink.gif)

Dont think prices hit the rock bottom yet and hope it wont come to that.

At last, good news! House prices increased in July, which some experts believe is a sign of recovery and the worst is over.

Hope, good news is going to last!

It is rather encouraging to know that the property market is slowly starting to recover. Although, i still think its too early to say that the worst is over (hope am wrong on this one (IMG:style_emoticons/default/wink.gif) ).

Read in the news today that house prices in uk are now at the same level they were in 2008. Is this another confirmation that things are looking up? Hope so (IMG:style_emoticons/default/wink.gif)

Believe that luxury end of the property market will take somewhat longer to recover.

I do thing the price of houses are going up of late so this is ositive and I do keep track of our Google Analytics page and more and more people are searching the web again for houses.