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House price fluctuations
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michael


Posts: 3,255
Joined: Mar 2005
Post: #1
11-01-2008 01:44 PM

Following a recent blog article on house prices in Brockley
http://brockleycentral.blogspot.com/2008...ckley.html
I thought people may be interested (and possibly pleased or depressed depending on your situation) in the house prices for Forest Hill:
http://www.home.co.uk/guides/house_price...lastyear=1

Overall house prices increased by 24% in 2007 in Forest Hill. This is faster than the 10% rise seen in Brockley, but less than East Dulwich (42%). Catford saw 15% increase, Dulwich -2%, Crystal Palace 9%, and Upper Sydenham 0%.

Average price for a flat is ?225,000 and average for all properties is ?300,000. A flat in Forest Hill costs the same as one did in East Dulwich just one year ago, semis in Forest Hill are still below the East Dulwich price last year.

It will be worth checking back to this site to see if Forest Hill house prices suffer from a suggested national slowing of house price growth or if they benefit from joining the tube map.

Having recently purchased a new house I have little direct interest in short term price fluctuations. My self-interest until the end of 2007 prevented me from mentioning anything on this subject until now in case it positively or negatively affected the value of my property (or if somebody accused me of trying to influence the entire housing market for my personal interests).

I will leave others to comment on whether house price rises are a good or bad thing, whether properties in Forest Hill and Honor Oak are under or over valued, or whether house prices ever indicate the true value of an area.

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Messages In This Topic
House price fluctuations - michael - 11-01-2008 01:44 PM
RE: House price fluctuations - Johnc - 11-01-2008, 03:11 PM
RE: House price fluctuations - Triangle - 11-01-2008, 03:58 PM
RE: House price fluctuations - Sherwood - 11-01-2008, 04:26 PM
RE: House price fluctuations - shzl400 - 11-01-2008, 04:54 PM
RE: House price fluctuations - Triangle - 14-01-2008, 10:48 AM
RE: House price fluctuations - shzl400 - 14-01-2008, 11:44 AM
RE: House price fluctuations - shzl400 - 11-01-2008, 05:00 PM
RE: House price fluctuations - Sherwood - 11-01-2008, 05:39 PM
RE: House price fluctuations - shzl400 - 14-01-2008, 11:45 AM