We’ve had a couple of threads on the relative cost of purchasing in 2007 versus 2014
As far as I can remember though we did lots of theoretical exercises rather than real cases.
To do a proper comparison it would be great to have the PPR going back to 2006 and beyond… but we don’t. However we have a decent level of transaction data in the PPR for 2014 - so if we have some solid information on any 2006/7 prices we should hopefully be able to find similar houses on the PPR
My instinct is that certain areas have reached peak cost, in terms of monthly repayments, and I;d like to test it.
So - does anyone have any solid, verifiable examples of selling prices from the peak? Preferably ‘normal family home’ 3-bed, 4-bed, in housing estates.
OK, so the prices are just batshit crazy. I wasn’t paying attention to prices in that period, tbh, I’d forgotten quite how mad it was.
The only thing is that these are the auction results, which is more the trophy homes and the development sites, not the standard 3-bed semi-D. I’d love to know what normal family homes in D18 were fetching back then.
If we were to sell our parents 1930’s 2000sqf 5 bed, 1 bath, semi on a 30 house CdS in Blackrock today, we might ask 800Kish. E200sqf seems relatively good value to me.
Back in the day, an originally smaller 4 bed semi, a couple of doors away, (granted it had been renovated and extended by about 250-300sqf) sold for 1.4M. The hubby lost his job shortly after buying, and the wife commuted to London for a while.
Bring back the boom is all I can say.
