[The Three Little Pigs]

Rightmove Survey November 07 Asking Prices



October 07 - £662,448
November 07 - £699.743
Monthly Movement - Plus 5.6%


Bull Food - Continues October's gravity defying rise

Bear Food - It's only asking prices... Do Fulham vendors not read the papers.. the world changed on August 9th.


Food for thought (1)- Will asking prices this bullish really turn into sales in the present environment?

[Property Owning Democracy]

The Three Little Pigs, on Nov 19 2007, 02:17 PM, said:

Rightmove Survey November 07 Asking Prices



October 07 - £662,448
November 07 - £699.743
Monthly Movement - Plus 5.6%


Bull Food - Continues October's gravity defying rise

Bear Food - It's only asking prices... Do Fulham vendors not read the papers.. the world changed on August 9th.


Food for thought (1)- Will asking prices this bullish really turn into sales in the present environment?

Until people get fired Fulham people will hold their houses & raise their prices. If the get fired which is certainly likely all bets are off

[The Three Little Pigs]

For a real time view of selling in Fulham read ExtraDry Martini's experiences:

http://www.housepricecrash.co.uk/forum/ind...showtopic=61485

[Steve___]

Just a quick note to say thanks for putting your time into this thread 3 little pigs, and in particular for bringing www.londonpropertywatch.co.uk to my attention

[The Three Little Pigs]

Land Registry Report October 07 Goes Negative MoM for H&F

It' a rear view mirror of a report but it's the most accurate:

Average Price October 07- £496,475
Average Price September 07 - £498,395
Monthly movement - Minus 0.4%
Monthly loss for average property - £1920
Daily loss for average property - £61.94

Bear Food - Figures above...unarguable, this is the Land Registry not asking prices or Haliwide

Bull Food - Isn't the Land Registry also showing annualised still running at positive 23.4% for H&F?

Food for thought - looking at the figures by property type the loss seems across the board and not specific to one type of property

Food for thought (2) - This report is based on sales completing in October 07. Comparing the londonpropertywatch figures for 12-16 weeks ago, when the properties were on the market, and today: there are 20% more 2 beds on the market today, there are 10% more 4bed+ properties on the market, there are about the same number of 1 and 3 bed homes on the market.

[The Three Little Pigs]

Our old friend Mr Le Blanc Smith of Jphn D Wood is not so happy this month. Here is his comment on the Fulham market from today’s Rics report:

“Undoubtedly the market has slowed down considerably, largely due to the huge amount of irresponsible press scaremongering which is therefore self-fulfilling. One can only hope that the journalists start putting a positive spin on the matter. Most of our registered applicants are choosing to wait until the New Year, I suppose in the hope that there will be more choice. In the end the sheer lack of instructions must mean prices are sustainable in Central London.”

The only man in Britain asking for more spin.

[The Three Little Pigs]

Rightmove December 07 Asking Prices



November 07 - £699.743
December 07 £672,121
Monthly Movement - Minus 3.9%

Bear Food - Figure says it all

Bull Food - Rightmove had H&F up 5.6% in October 07 and 8.8% in November 07. Giving up 3.9% at this time of year means nothing. According to the survey the average H&F property in September 07 was £609,009 and it ends the year at £672,121. Not a bad quarterly performance. Annualised is still running at 22.8%.

Food for thought (1)- How Rightmove came up with the October and November figures is shrouded in their methodology. I didn't see any comparable movement in London property watch figures. Best to treat their Oct and November results with care - one would expect future Land Reg figures to show no such rise.

Food for thought (2) - It may be that vendors were taking a bearish view on the market during October and November but a bullish view of their property and this reflected in the earlier surveys.

Food for thought (3) - Supply is fairly static according to Londonpropertywatch - expect supply to jump in the New Year

Food for thought (4) - This month Rightmove recorded steeper falls in asking prices in neighbouring boroughs: K&C down 4.9%, Wandsworth down 7.4%, Ealing down 6.2%. H&F will not always be the one to suffer least.

This post has been edited by The Three Little Pigs: 17 December 2007 - 03:59 PM

[The Three Little Pigs]

Halifax Winter 07 Regional Report

"The London housing market slowed at the end of 2007. After an 11% rise in prices in the first three quarters of the year, house prices in the capital slipped by 6.3% in the last quarter of 2007. The decline in London is consistent with figures from RICS, which reported a second successive monthly fall in prices in the capital in December.

"Price falls in Quarter 4 were concentrated in boroughs popular with City workers, reflecting a downturn in sentiment on the back of financial market difficulties and speculation of much lower bonuses and possible job cuts"

S

This post has been edited by The Three Little Pigs: 19 January 2008 - 08:09 PM

[The Three Little Pigs]

Land Reg Sales Volumes for H&F hit low ( sales volumes are reported months later - these the latest available)

Sept 00-275
Sept 01- 266
Sept 02-328
Sept 03-311
Sept 04-262
Sept 05 - 289
Sept 06-302
Sept 07 - 256

[Frizzers]

Hey ... that's bearish

[The Three Little Pigs]

Rightmove January 08 Asking Prices for H&F



November 07 - £699.743
December 07 £672,121
January 07 £669,668
Monthly Movement - Minus 0.4%

[The Three Little Pigs]

Most working days I commute by car from Parsons Green to Canary Wharf - and its getting quicker and easier every week!

Prime location have rents down as companies cut back - it's just a pinch but credit crunch/IB effects are beginning to be recorded.

[Bosh]

zzg113, on Jul 5 2005, 01:25 PM, said:

Quite. Most Fulhamites' children are at boarding school for most of the year while Mummy and Daddy work in the City, and then the whole family unites for a summer holiday in their place in the South of France.

Too true, lived in Fulham for 27 years, most original Fulhamites now emigrated down the A3, New Malden, Tolworth, Chessington e.t.c.. We should be the legitimate drivers of 4x4`s. Fulham pubs turned into wine bars and the cobblers turned into a Hackett. Even back in the dark days of the 70`s and early 80`s people presumed we had money because we lived in SW6!!

[Bobbins]

boshdadosh, on Feb 13 2008, 04:03 PM, said:

most original Fulhamites now emigrated down the A3, New Malden, Tolworth, Chessington

I think you mean Kingston, Thames Ditton, Esher etc.

Only a loyal local would choose to live in Chessington

[Bosh]

Bobbins, on Feb 13 2008, 04:39 PM, said:

I think you mean Kingston, Thames Ditton, Esher etc.

Only a loyal local would choose to live in Chessington

Sob Sob, We like to call it Hook!! We have a Woolworths don`t you know