{"id":731,"date":"2015-08-23T00:00:00","date_gmt":"2015-08-23T00:00:00","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/estate-agents-in-plymouth-in-house-price-decline\/"},"modified":"2016-09-09T12:41:37","modified_gmt":"2016-09-09T12:41:37","slug":"estate-agents-in-plymouth-in-house-price-decline","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/estate-agents-in-plymouth-in-house-price-decline\/","title":{"rendered":"Estate agents In Plymouth in house price decline"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<div style=\"text-align: justify; line-height: 115%; margin: 0cm 0cm 10pt;\">\nThe historic Devon port of Plymouth is one of the south coast\u2019s prettiest cities.\u00a0And, according to local <a href=\"https:\/\/www.thehouseshop.com\/compare-estate-agents\" title=\"estate agents\">estate agents<\/a>, house prices in the city are mirroring the roller coaster ride being experienced by\u00a0<a href=\"https:\/\/www.thehouseshop.com\/property-for-sale\">properties<\/a> across England and Wales.<\/p>\n<div><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\">Whilst figures compiled by the agents Connells might show that little has changed in terms of Plymouth house prices over the last year, the truth is that values have risen and fallen significantly in that time.<\/span><\/div>\n<\/div>\n<div style=\"text-align: justify; line-height: 115%; margin: 0cm 0cm 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\">Connells research suggest that property prices in the Devon port increased by between 6 and 7 per cent in the second half of 2009 but then fell by roughly the same amount in the first half of 2010.\u00a0Figures from the Land Registry show that house prices in Plymouth fell by 0.1 per cent in June.<\/span><\/div>\n<div style=\"text-align: justify; line-height: 115%; margin: 0cm 0cm 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\">Russell Brighton, of the Connell&#8217;s First Time Buyer&#8217;s Centre in Mutley, said: &#8220;Most agents would agree that last year the market was improving month on month, not just in activity but in asking and accepted prices.<\/span><\/div>\n<div style=\"text-align: justify; line-height: 115%; margin: 0cm 0cm 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\">&#8220;Everyone thought the same would happen this year, and in January and February, we were marketing properties at fairly bullish prices, but sales volumes started to decrease.&#8221;<\/span> <\/span><\/p>\n<div><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\">Agents now also believe that the market has turned back in favour of homebuyers as the general election and the uncertain economic climate bring the 2009 recovery to an end \u2013 at least for the time being.<\/span><\/span><\/div>\n<\/div>\n<div style=\"text-align: justify; line-height: 115%; margin: 0cm 0cm 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\">Mr Brighton added: &#8220;It&#8217;s good for buyers because there&#8217;s more choice now, and prices have come down a little.&#8221;<\/span><\/span><\/div>\n<div style=\"text-align: justify; line-height: 115%; margin: 0cm 0cm 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\">The figures from Connells have been taken from\u00a0<a href=\"https:\/\/www.thehouseshop.com\/estate-agents\/\">estate agents <\/a>around Plymouth, and they are thought to be particularly accurate as they reflect sales being agreed now.\u00a0This is compared to official figures from the likes of Halifax and Nationwide which are based on completions, which generally happen a few months after house sales are agreed.<\/span><\/span><\/span><\/div>\n<div style=\"text-align: justify; line-height: 115%; margin: 0cm 0cm 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\">Roger Punch, an estate agent at Stags in <a href=\"https:\/\/www.thehouseshop.com\/property-for-sale?autocomplete-selection=111&amp;search=Plymouth&amp;price-min=&amp;price-max=&amp;bedrooms=&amp;type-of-property=&amp;sort-by=most-recent&amp;items-per-page=20\">Plymouth<\/a>, added: &#8220;Some asking prices are coming down, but maybe they were a bit optimistic. There&#8217;s a fairly even balance between buyers and sellers. <\/span><\/span><\/span><\/div>\n<div style=\"text-align: justify; line-height: 115%; margin: 0cm 0cm 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\"><span style=\"line-height: 115%; font-family: Verdana; color: black; font-size: 10pt;\"><span style=\"font-size: 10pt;\">Fin<\/span><span style=\"font-family: Verdana; font-size: 10pt;\">d <\/span><a href=\"https:\/\/www.thehouseshop.com\/property-for-sale?autocomplete-selection=105&amp;search=Devon&amp;price-min=&amp;price-max=&amp;bedrooms=&amp;type-of-property=&amp;sort-by=most-recent&amp;items-per-page=20\"><span style=\"font-family: Verdana; font-size: 10pt;\">property for sale in Devon<\/span><\/a><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The historic Devon port of Plymouth is one of the south coast\u2019s prettiest cities.\u00a0And, according to local estate agents, house prices in the city are mirroring the roller coaster ride being experienced by\u00a0properties across England and Wales. Whilst figures compiled<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/estate-agents-in-plymouth-in-house-price-decline\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/estate_agents_in_plymouth_in_house_price_decline","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/731"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=731"}],"version-history":[{"count":4,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/731\/revisions"}],"predecessor-version":[{"id":5127,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/731\/revisions\/5127"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=731"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}