Is Prime London Crashing? - Merged Threads

[Pablo]

10 hours ago, Sancho Panza said:

RH 1 peaking at £385k

RH2 peak Aug 2016 £538k,Mar 2017 £533k

RH6 peak Nov 16 £377k Mar 2017 £373k

GU21 peaking £426k

Thank you, very useful/interesting.

I thought that RH1 had peaked last year as there was a visible softening in the market.

GU21 is just silly and seems to be snapped up in days for desirable properties.

[MARTINX9]

On 10 August 2017 at 10:09 AM, suresh786 said:

http://www.rightmove.co.uk/property-for-sale/property-64357379.html

8/10/2017, 12:03:34 PM	Brief Description changed: OPEN HOUSE THIS SATURDAY (12TH AUG) - by appointment only Situated in a sought after location in the heart of Stratford/Leyton borders, steps away from Leyton Central Line station and High Road. Also close to Westfield Shopping Centre and Queen Elizabeth Olympic Park with many shopping and entertainment facilities. entert... Price changed: £585,000 Offers Over £550,000
8/2/2017, 3:12:27 PM	Brief Description changed: Situated in a sought after location in the heart of Stratford/Leyton borders, steps away from Leyton Central Line station and High Road. Also close to Westfield Shopping Centre and Queen Elizabeth Olympic Park with many shopping and enter... entertainment facilities.
7/17/2017, 12:26:57 PM	Brief Description changed: OPEN HOUSE THIS SATURDAY (22ND JULY) - by appointment only Situated in a sought after location in the heart of Stratford/Leyton borders, steps away from Leyton Central Line station and High Road. Also close to Westfield Shopping Centre and Queen Elizabeth Olympic Park with many shopping and entertainment facilities. enter...   Status changed: from 'Sold STC' to 'Available'
5/24/2017, 3:58:42 PM	Status changed: from 'Available' to 'Sold STC'
2/23/2017, 2:15:17 AM	Brief Description changed: Situated in a sought after location in the heart of Stratford/Leyton borders, steps away from Leyton Central Line station and High Road. Also close to Westfield Shopping Centre and Queen Elizabeth Olympic Park with many shopping and entert... entertainment facilities.
2/16/2017, 9:02:54 PM	Brief Description changed: OPEN HOUSE THIS SATURDAY 18TH FEBRUARY 2017 (18TH FEB) - by appointment only Situated in a sought after location in the heart of Stratford/Leyton borders, steps away from Leyton Central Line station and High Road. Also close to Westfield Shopping Centre and Queen Elizabeth Olympic Park with many shopping and ent... entert...
1/31/2017, 5:36:52 PM	Initial entry found.

 

 

I still can't get over the sought after area description when it comes to a property located mid way between Leyton and Maryland stations. Expensive and overpriced - but sought after by whom - acid attackers?

[suresh786]

On 8/11/2017 at 6:21 PM, untakenname said:

Nice headline in the Evening standard.

 

Nice, let the domino affect start

[Fromage Frais]

On 11/08/2017 at 4:21 PM, untakenname said:

Nice headline in the Evening standard.

 

Osbourne is quite blatant in his propaganda.

As stated previously if there is no job in London that lets you buy a mansion its down to Chinese capital controls.

[Captain Tightwad]

54 minutes ago, Fromage Frais said:

Osbourne is quite blatant in his propaganda.

"Look! Things improving dramatically since Osborne booted out!"

About as good a propagandist as he was a chancellor, apparently.

[Upabove]

I have a search alert on the shared ownership portal sharetobuy for a 40min commute radius round Victoria station.

Been seeing some strange activity recently, typically my budget limit has only thrown up 1 breeders, but 2 bidders seem to be coming up thick and fast now.  And also the first time I have seen rent drops so prominently advertised:

https://www.sharetobuy.com/sharedownershippropertydetails?id=22942&utm_source=property_details&utm_medium=showcase_properties_email&utm_campaign=Rent+reduction!+First+come+first+served!+-+2017%2F08%2F09+05%3A38%3A26

Wonder what the previous buyers in the development will think about paying a higher level of rent than newcomers? 

Has anyone seen anything similar in the shared ownership market?  And does anyone have any tools they use to track it?  So hard comparing things with the interplay of cost, rent and service charges

[TheCountOfNowhere]

Everything is now OK.

 

https://www.theguardian.com/business/2017/aug/12/uk-house-prices-boom-bust-what-truth   Their truth, not ours.

 

https://www.theguardian.com/business/2017/aug/12/too-much-hinges-house-prices-may-yet-avoid-crash  No it wont

 

http://www.cityam.com/270163/heres-much-house-prices-england-and-wales-have-increased 

 

And....

 

parasites say other parasites managing to suck more blood out of a stone.

 

http://news.sky.com/story/falling-supply-pushing-up-rents-says-countrywide-10988130

 

 

[Si1]

8 minutes ago, TheCountOfNowhere said:

Everything is now OK.

 

https://www.theguardian.com/business/2017/aug/12/uk-house-prices-boom-bust-what-truth   Their truth, not ours.

 

https://www.theguardian.com/business/2017/aug/12/too-much-hinges-house-prices-may-yet-avoid-crash  No it wont

 

http://www.cityam.com/270163/heres-much-house-prices-england-and-wales-have-increased 

 

And....

 

parasites say other parasites managing to suck more blood out of a stone.

 

http://news.sky.com/story/falling-supply-pushing-up-rents-says-countrywide-10988130

 

 

Tbh honest I agree that with sustained low interest rates and only gradual adjustments to property taxes, house prices won't crash, but just stagnate instead for a very long time.

[TheCountOfNowhere]

19 minutes ago, Si1 said:

Tbh honest I agree that with sustained low interest rates and only gradual adjustments to property taxes, house prices won't crash, but just stagnate instead for a very long time.

I think they've been pushed up so quickly in a short space of time by BTlers and speculators receiving QE cash that an all out collapse is unavoidable as soon as there is a change in policy, any kind of a crisis or change in central bank policys,

 

i.e. now.

Banks wont survive without being able to lend.

With prices at extreme levels and everyone s**ting themselves about a collapse, there is only 1 course of action to take to get the market moving again.

 

 

Edited August 14, 2017 by TheCountOfNowhere

[Si1]

1 minute ago, TheCountOfNowhere said:

I think they've been pushed up so quickly in a short space of time by BTlers and speculators receiving QE cash that an all out collapse is unavoidable as soon as there is a change in policy, any kind of a crisis or change in central bank policys,

 

i.e. now.

 

 

indeed, I think the BoE and govt will work hard to avoid such transients

[TheCountOfNowhere]

1 hour ago, Si1 said:

indeed, I think the BoE and govt will work hard to avoid such transients

As 2007 showed...neither the UK government nor the BoE is in charge.

Edited August 14, 2017 by TheCountOfNowhere

[Si1]

3 minutes ago, TheCountOfNowhere said:

As 2007 showed...neither the UK government nor the BoE is in charge.

Agreed. Events my dear boy.

[suresh786]

http://www.rightmove.co.uk/property-for-sale/property-60139423.html

8/10/2017, 9:41:45 AM	Brief Description changed: OPEN HOUSE SATURDAY 5TH 19TH AUGUST 2017 - by appointment only This wonderful family home is situated in a very popular area of Barking and is nestled just off of Upney Lane. . Kerb appeal is pleasing to the eye as you approach this cul-de-sac located home. This is a quiet residential road with lots o... ... Price changed: £450,000 Offers Over £425,000
7/28/2017, 4:07:48 PM	Initial entry found.

[Bankside]

4 minutes ago, suresh786 said:

http://www.rightmove.co.uk/property-for-sale/property-60139423.html

8/10/2017, 9:41:45 AM	Brief Description changed: OPEN HOUSE SATURDAY 5TH 19TH AUGUST 2017 - by appointment only This wonderful family home is situated in a very popular area of Barking and is nestled just off of Upney Lane. . Kerb appeal is pleasing to the eye as you approach this cul-de-sac located home. This is a quiet residential road with lots o... ... Price changed: £450,000 Offers Over £425,000
7/28/2017, 4:07:48 PM	Initial entry found.

Purchased 17 Jun 2015 = £350,000

[TheCountOfNowhere]

33 minutes ago, Bankside said:

Purchased 17 Jun 2015 = £350,000

Selling price 1 April 2020 = £175,000

[Conquistador]

Update after June's ONS/LR figures. +2.9% yearly change (all boroughs). Half of boroughs are falling over, half still edging up.

Local authority / Month of peak / % fall from peak (yearly change)

City of London / Jul 2016 / -10.2% (-20.3%) [very low volumes]

Waltham Forest / Mar 2017 / -5.1% (+2.8%)

Newham / Sep 2016 / -4.5% (-1.3%)

Hackney / Mar 2017 / -3.3% (+10.0%)

Greenwich / Jun 2016 / -3.1% (-3.1%)

Brent / Oct 2016 / -3.0% (-0.9%)

City of Westminster / Feb 2017 / -2.6% (+2.7%)

Barnet / Mar 2017 / -2.1% (-0.2%)

Hammersmith and Fulham / Apr 2017 / -1.9% (-0.3%)

Islington / Aug 2016 / -1.8% (+2.0%)

Haringey / Feb 2017 / -1.7% (+5.0%)

Redbridge / Jan 2017 / -1.2% (+4.3%)

Richmond-on-Thames / Jul 2016 / -0.6% (+2.9%)

Lambeth / Sep 2016 / -0.3% (+3.9%)

Ealing / Feb 2017 / -0.3% (+2.5%)
 

Enfield, Hounslow, Kensington & Chelsea, Lewisham, Merton - peaked?

Barking & Dagenham, Bexley, Bromley, Croydon, Harrow, Havering, Hillingdon, Kingston upon Thames, Southwark, Sutton, Tower Hamlets, Wandsworth - still rising

[Bankside]

UK House Price Index (HPI) for June 2017

From:

HM Land Registry

Published:

15 August 2017

in London shows an annual price increase of 2.9% which takes the average property value to £481,556. Monthly house prices have fallen by 0.7% since May 2017

[suresh786]

47 minutes ago, Bankside said:

Purchased 17 Jun 2015 = £350,000

Where you see the sold price? I am curious

[janch]

2 hours ago, suresh786 said:

Where you see the sold price? I am curious

On the front page of Rightmove go to "sold prices" then search by street name/postcode.  It gives sold prices back to 1995 and is very useful.

[suresh786]

15 hours ago, janch said:

On the front page of Rightmove go to "sold prices" then search by street name/postcode.  It gives sold prices back to 1995 and is very useful.

Thanks for this. Its very useful. Even photos are same as in 2015 lol

[neuvilla]

1 hour ago, suresh786 said:

Thanks for this. Its very useful. Even photos are same as in 2015 lol

I don't think they will be. I think Rightmove just takes the description/photos from the current listing and includes them in the older, sold listing. Somebody can correct me if I'm wrong about this. 

[suresh786]

17 hours ago, janch said:

On the front page of Rightmove go to "sold prices" then search by street name/postcode.  It gives sold prices back to 1995 and is very useful.

The price back in 2015, how we know if that included any discount for over 60s as same property is advertised now with the over 60s discount

[suresh786]

http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION^102&sortType=6&includeSSTC=false

8/16/2017, 3:00:39 PM	Price changed: Offers Over £300,000 £285,000
8/16/2017, 3:07:20 AM	Brief Description changed: OPEN HOUSE THIS SATURDAY (19TH AUG) - by appointment only This is an EXCELLENT starter home for a first-time-buyer or a GREAT INVESTMENT for a buy-to-let investor. There is plenty of scope to add value to the property.
8/13/2017, 7:27:13 AM	Brief Description changed: This is an EXCELLENT starter home for a first-time-buyer or a GREAT INVESTMENT for a buy-to-let investor. There is plenty of scope to add value to the property.
8/7/2017, 1:23:53 PM	Initial entry found.

[janch]

6 hours ago, neuvilla said:

I don't think they will be. I think Rightmove just takes the description/photos from the current listing and includes them in the older, sold listing. Somebody can correct me if I'm wrong about this. 

Sometimes the earlier photos are on the page with the sold info and sometimes they seem to use the new ones.....don't know why.

6 hours ago, suresh786 said:

The price back in 2015, how we know if that included any discount for over 60s as same property is advertised now with the over 60s discount

Often the same property is listed twice with the "real" price and then at a discounted price for over 60s by a specialist company who do this as a type of "equity release" type thing. 

If you look on the sold price page, often it has a link which says "this house is currently on the market" and that will take you to the page where it's for sale now at the undiscounted price. 

Hope this helps (the over 60's discount thingy sure is annoying and confusing)

[suresh786]

15 hours ago, janch said:

Sometimes the earlier photos are on the page with the sold info and sometimes they seem to use the new ones.....don't know why.

Often the same property is listed twice with the "real" price and then at a discounted price for over 60s by a specialist company who do this as a type of "equity release" type thing. 

If you look on the sold price page, often it has a link which says "this house is currently on the market" and that will take you to the page where it's for sale now at the undiscounted price. 

Hope this helps (the over 60's discount thingy sure is annoying and confusing)

thank you