Local market highs and lows
- 17 Dec 2015
Local market highs and lows
Even in the same locality the property market can be quite volatile. To show this, each month we highlight a couple of recent sales where the sellers have experienced mixed fortunes. Today’s high is the sale of 9 St Marks Terrace in October 2015 for £75,000. It was previously bought for £11,000 in February 1997. This 581.8 per cent change works out to an annual equivalent change of 10.8 per cent. Today’s low is the sale of 18 Charles Street in July 2015 for £65,000. It was previously bought for £96,842 in December 2007. This -32.9 per cent change works out to an annual equivalent change of -5.1 per cent
Even in the same locality the property market can be quite volatile. To show this, each month we highlight a couple of recent sales where the sellers have experienced mixed fortunes. Today’s high is the sale of 9 St Marks Terrace in October 2015 for £75,000. It was previously bought for £11,000 in February 1997. This 581.8 per cent change works out to an annual equivalent change of 10.8 per cent. Today’s low is the sale of 18 Charles Street in July 2015 for £65,000. It was previously bought for £96,842 in December 2007. This -32.9 per cent change works out to an annual equivalent change of -5.1 per cent