I am a keen follower of house buying and noticed some are flying out the estate agents, not always the cheap ones either....the main problem with older houses is getting mortgages..Banks are not lending and people are more cautious about borrowing....I have a long list of houses that I loved and they all are sold, steve works with a women who sold her newish £300,000 house near Dundee in a matter of days.....Our house has dropped but not so much as some as its more unusual...funny thing is a house I thought about before buying this is also being sold again and this time for more.........houses can now go for around 20 per cent less than asking price and not many go offers over now.......we offered £20,000 less for a house and it was excepted but our sale fell flat.
We will be realistic with the price we sell for, but we also are not in any great hurry as we are paying off the mortgage and every month it gets less and less......we are also earning an income here that is a bonus......even with a hell of a lot of locals kidnapping our trade ......so many let out rooms on the quiet. I would do that too given the chance.....funny as 2 houses we looked at had been on the market for a while and had a lot of problems, one was not mortgageable and the other had serious flooding issues yet, they are both sold!!!
Before we moved here people said house prices were dropping,,,,,,that's OK if you do not borrow too much as like you said Anne, your next house has also dropped.....we in that case are non the worse off.....how nice it would be to build one of the wooden kit houses.....no chance?