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For ease of reference ... This rather nice flat in Dulwich sold at auction on 28th June for £290,000. According to the Land Registry it last changed hands on 11th March 2016 at £415,000. Here's the outcome of all lots at that auction. I haven't gone through the others that sold to check earlier transactions at the LR - that would be an interesting exercise for anyone with a few hours and a spreadsheet. But in a market that has otherwise ground to a halt auction prices do give a good idea of the actual prices when sellers want to sell rather than sit and wait. Similar story: Sold at auction June 2023 for £352,000. Last sold June 2016 for £515,000. Both sold at a 30% discount from 2016 prices.

Auction House London seemed to get more sales. I've just posted a thread on the Greater London board. I didn't exactly do an exhaustive analysis, someone else might want to, but from my huge sample of two, it seems that prices on SE London flats are down about 30% on 2016 prices.

Similar story: Sold at auction June 2023 for £352,000. Last sold June 2016 for £515,000. Both sold at a 30% discount from 2016 prices.

This rather nice flat in Dulwich sold at auction on 28th June for £290,000. According to the Land Registry it last changed hands on 11th March 2016 at £415,000. Here's the outcome of all lots at that auction. I haven't gone through the others that sold to check earlier transactions at the LR - that would be an interesting exercise for anyone with a few hours and a spreadsheet. But in a market that has otherwise ground to a halt auction prices do give a good idea of the actual prices when sellers want to sell rather than sit and wait.

In a nutshell, all these challenges would disappear if we dare to advance our Brexit model by re-joining the EU single market (the Norway model). The whole article is nonsense addressed to the halfwits who voted to leave to give them a ladder to climb down and pretend that they haven't been entirely humiliated. Joining the single market without being part of the institutions which govern it is not "advancing" brexit. It's back pedalling and becoming a rule taker.

We may have gone full circle. The mortgage lender Habito recently announced that it will let some buyers borrow up to seven times their salary – well above the traditional maximum – in order to help them “secure their dream home sooner”. https://www.theguardian.com/money/2022/jan/08/supersize-mortgages-can-you-get-one-and-what-are-the-dangers

😆

People in Hartlepool don't even like people from Sunderland, never mind actual foreigners. And no one from Hong Kong wants to live in Hartlepool.

I can remember how they voted. They told me!

PS "Those responsible" means those who voted for it. In a single-issue referendum it's difficult to hide from the fact that it was your decision.

Brexit hasn't really started to bite yet! I suspect there will be a lot more anger towards those responsible over the coming years. One thing I find interesting is that most people were very open (and indeed proud) about how they voted. Those who voted to leave are going to find it increasingly hard to dissociate themselves from the consequences.

As ethical dilemmas go this seems to be a pretty feeble non-issue. In fact your neighbour is in the wrong by causing a nuisance by light pollution. To put her behaviour in the best light (ooof) she is donating some light to you without even asking whether you want it. You are certainly doing nothing wrong.

Sorry to read this Count. You and I are of similar vintages. I hope you're not feeling too bad. Quite possibly stepping back and looking for other things to absorb your attention is good sense. And no amount of posting here or anywhere else will affect the price of housing one way or the other, so we'll miss you, but whatever is going to happen in housing market is going to happen anyway.

Surprising the press keep referencing the SD holiday as a driver. Prices have risen much more than than the value of the saving, and seem insensitive to the prospect of it being taken away. Ditto for interest rates - these have increased since last year, and for those most in need of it, has become much harder to get. Feels like this market is driven by an ever decreasing pool of wealthy buyers (see Rightmove data that suggests transaction volumes are down and falling). Pricing based on fewer and fewer transactions. Buyers oblivious to some of the factors coming down the pipeline near term (wealth taxes, property taxes, a release of properties from Boomers currently in hiding, costs related to ‘greening’ property). That’s before one considers that the main driver of all this (everyone being forced to spend more time at home) is about to go into reverse - with people spending less time at home, they will find they don’t need as much space as they thought (and living in the boonies is a bit boring). Not suggesting a crash is coming (it isn’t). Just that the current froth feels like it will be short lived, and the headlines are misleading.

Well Frugal Git, that's a great retrospective of twenty years of HPI! If covid, brexit, mass unemployment, the biggest recession in history and the reimposition of stamp duty next year don't bring it all crashing down, I think we just have to dig in and wait for Jesus to return 😆