Propertysnake

Seeing as a thread about an ex-florist has morphed in to a discussion about house prices (at the expense of the poor stag beetle), we thought we'd feed the beast, with this little snapshot from Propertysnake.co.uk

Propertysnake lists properties which have reduced their asking price most in comparison with the initial asking price at which they were put on the market.

Rather than serving as good guide to how prices are moving, it probably works best as a guide to where currently property price expectations are most unrealistic - where owners and agents face the biggest wake-up-calls.

In a completely non-scientific way, we have compared taken a snapshot of the first and tenth-biggest property price drop in SE4 and compared the average with the other London postcodes ending in "4", plus a few of our near neighbours, purely for sport. By this measure, Brockley and Telegraph Hill are amongst the most "realistic" property markets, ie: where asking prices are most closely in line with what the market will bear.

Make of it as much or as little as you will.

Postcode Area / No 1 drop / No 10 drop / Average of the two

SE4 / Brockley / 20% / 9% / 14.5%
SW4 / Clapham / 21% / 13% / 17%
W4 / Hounslow / 23% / 15% / 19%
N4 / Finsbury Park / 15% / 11% / 13%
NW4 / Barnet / 23% / 10% / 16.5%
E4 / Waltham Forest / 16% / 7% / 11.5%
SE23 / Forest Hill / 33% / 9% / 21%
SE22 / East Dulwich / 35% / 16% / 25.5%
SE18 / Telegraph Hill / 15% / 11% / 13%