Worrying news has appeared in the press suggesting a slow down in the Bradley Stoke housing market.
The Scotsman has run an article suggesting Scotland’s slowdown is not as bad as it is in England - and researched areas that have been affected before.
Bradley Stoke faced a huge number of problems during the housing crash in the 1990s.
But, as recently as the past few weeks estate agents have been denying any problems; even saying on-air on BBC Radio Bradley Stoke that the market was “buoyant”.
Now, Alan Emery from Ocean Estate Agents in the town said family houses which this time last year were selling are now either going cut price or not at all.
The Scotsman suggested houses in the town which were selling for £290,000 are now on the market at £250,000 and not selling.
“This time last year we had 80 properties to sell and now we have 240. Yet the buyers have disappeared. There are too many houses and not enough buyers,” said Mr Emery.
We’d love to hear any real life examples of problems faced by home buyers and sellers in the town. Fill in the form below to have your say.
2 responses so far ↓
1 Graham // Oct 9, 2007 at 12:27 pm
That’s good, now i expect to see the new developments such as Barratts cutting their prices!! This can only be good news for 1st time buyers but bad news for the buy to let investors!
2 Brian // Oct 10, 2007 at 12:35 pm
Or perhaps it’s good news for Buy To Let investors since most are in it long term and a drop in price just means that they can afford to buy yet more B-T-L properties while values are low and wait for the house prices to climb again, as they inevitably will.
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