Thursday, Mar 29, 2007
Sutton house prices rocketing
Wimbledon Guardian: House prices rise sharply
Property prices in Sutton rose by 3.5% last month as buyers are forced further out of London for economic reasons. Sutton has excellent schools, good transport links to central London and a good variety of properties. The increase, however, is not welcome for first-time buyers who are finding it hard to get on to the properrty ladder.
Posted by Caroline @ 03:29 PM (223 views) Add Comment
10 Comments
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1. tyrellcorporation said...
'The increase, however, is not welcome for first-time buyers who are finding it hard to get on to the properrty ladder.'
Great insightful journalism there then!!!
2. paul said...
Just a ripple effect moving out that's all - it'll be the same story in Buckinghamshire, Essex etc. etc. and so on.
Sutton won't be immune from downside ripples when they start coming.
3. inbreda said...
That might well be why they are focussing on this area - the centre is having difficulty so they are just talking about those areas that are still feeling the positive ripples.
Did that make sense?
4. royston said...
"Go and find me some evidence from somewhere, ..........anywhere, in the country that makes it look as though the market is going UP!"
5. Speedkelly said...
I can tell you ...do not want to live in sutton...try walking down sutton high on a saturday night and you are taking your life in your hands....and good schools I don't think so...sutton a true dump!
6. Scott said...
Royston, you are right.
People will eventually stop swallowing this crap.
7. Marzipan said...
prices in wimbledon area are crazy - I recently saw a smallish three bedroom semi asking price of £755,000. its now sold.
when the crash starts, it will start in sw london.
8. monty said...
A friend bought a studio flat in Sutton at the top of the last boom and had to wait 10 years before he got his money back (not adjusted for 10 years of inflation, opportuinity cost etc.)
9. doomwatch said...
Wouldn't stop to by milk in Sutton, let alone a house.
10. dohousescrashinthewoods said...
I guess the insiders are still trying to shift their portfolios.