It's no secret that the ongoing cost of living crisis has made it increasingly harder for first time buyers to get onto the property ladder.
Many people can struggle with the cost of moving and with soaring inflation, the property market can be volatile.
Although properties in Newcastle can provide the homeowner with city life on the doorstep, not every home in the city sells quickly.
Read more: Five steps to take now as colder weather is coming
In an accelerated Covid market in 2020 it only took an average of 27 days to sell a property after it being listed for sale, compared to 39 days in 2019.
However, some homes are still proving difficult to sell. We have found a number of homes in Newcastle , listed on the real estate website Zoopla, that have been for sale for over six or seven years.
The first comes in the form of a two bed flat in St James Gate - currently sitting on the market for £165,000. It first found its way onto Zoopla in June 2015, over seven years ago. It has a stunning entrance hall, lounge kitchen, two bedrooms and a master en-suite and bathroom.
Up on the 10th floor of a city centre development, it boasts beautiful views of the Toon, which you thought would have been a unique selling point to prospective buyers. Maybe one day...
Next up is a two-bed flat situated on Haydon Close, Newcastle, listed with an asking price in excess of £68,000. First listed on Zoopla in July 2016, the property is seated in the Red House Farm area with good transport links and local amenities.
Unusually for a flat, it even comes with a garage - but even that hasn't been enough to seal the deal as of yet.
Finally, there's a two-bed flat in Gosforth, usually a hotbed for prospective buyers in Newcastle. The property on Monkridge Court is being marketed with an asking price of £124,000 or more and was initially posted to the site in September 2016.
Surely it'll be snapped up one day.
Read next:
- People applying for mortgage concerned as they hand over personal data online
- Clasper Village redevelopment stalls as Gateshead Council seek 'alternative' housing provider
- Households struggling with mortgages 'might reach 2008 peak next year', Bank of England warns
- Whitley Bay bottle shop applies for premises licence to create 'a small tasting area'
- 'North-South divide' sees four times more opioid painkillers prescribed in the North East than in London
