Tuesday, Jun 06, 2006
London prices now average 250K
Firstrung: London house prices now exceed 250K- Haart estate agent report
How can supposed levels of first time buyers be maintained at these prices? The latest data from haart estate agents reveals that the average London house price is now over a quarter of million pounds, as it rises for the eighth consecutive month....
Posted by Converted Lurker @ 12:11 PM (166 views) Add Comment
3 Comments
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2. Worzel said...
I am sad to say that I can verify this story. I would like to be a FTB, but having tried to buy a few properties in North East London (mentioned in the story) but have lost out due to higher bidders, then as we increase our top limit and offer on a similar place, prices have gone up £10k in a few weeks. How frustrating!
3. Gocrashgo said...
Same happened to us in Kent. We have a reasonable income with a reasonable amount of deposit. However, we just cannot afford a house. Every time when we decided it's a good one with a reasonable price tag, people just overbid each other like mad. We have no option but to wait for the crash. Hope it happens soon with so many repossessions going on.