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roblpm

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  1. Back to the original idea for this thread: Property comes on in Braid Crescent today: 17 Braid Crescent, EDINBURGH, EH10 6AX Terraced House, Offers Over £685,000, Reference: 274703 http://www.espc.com/Buying/274703.html As you can see, peak for this road just over £700k, same property sold in 2001 for £351k So still hoping for peak prices. As I keep saying this is going to take a looooooooooooooong time. Though properties coming on at more realistic prices are selling, and there are a few that are priced 15% below where they would have been priced last year. 2008-06-06 14 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £720,000 2008-04-16 26 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £415,000 2007-10-12 11 Braid Crescent, Edinburgh, EH10 6AX Residential add details... £703,571 2007-05-03 26 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £259,161 2006-11-13 16 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £350,000 2006-10-27 22 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £597,500 2005-10-18 28 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £23,000 2005-09-01 7 Braid Crescent, Edinburgh, EH10 6AX Residential add details... £603,375 2005-06-13 42 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £405,000 2005-06-02 24c Braid Crescent, Edinburgh, EH10 6AU Residential add details... £145,000 2005-02-28 13 Braid Crescent, Edinburgh, EH10 6AX Residential add details... £440,000 2004-12-21 11 Braid Crescent, Edinburgh, EH10 6AX Residential add details... £542,542 2004-08-20 15 Braid Crescent, Edinburgh, EH10 6AX Residential add details... £531,000 2004-07-02 28 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £246,017 2004-04-30 10 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £575,000 2004-03-19 24 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £280,000 2003-12-19 40 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £249,950 2003-12-12 42 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £427,427 2003-07-18 24 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £185,551 2002-10-18 20 Braid Crescent, Edinburgh, EH10 6AU add details... £480,000 2002-07-18 16 Braid Crescent, Edinburgh, EH10 6AU add details... £249,000 2001-12-28 2 Braid Crescent, Edinburgh, EH10 6AU add details... £236,000 2001-11-27 17 Braid Crescent, Edinburgh, EH10 6AX Residential add details... £351,086 2001-11-01 28 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £174,017 2001-09-03 6 Braid Crescent, Edinburgh, EH10 6AU add details... £362,375 2001-05-01 10 Braid Crescent, Edinburgh, EH10 6AU Residential add details... £360,000 2000-06-15 32 Braid Crescent, Edinburgh, EH10 6AU add details... £135,000 2000-06-07 36 Braid Crescent, Edinburgh, EH10 6AU add details... £212,500
  2. Keep the faith guys! This is going to take a long time. The volume is now so low that the people who have to sell / buy (hmmm does anyone have to buy) are moving some of the old stock along. These transactions are setting the new ceiling which must be 10-20% off a year ago. When it all grinds to a halt in a few months anything new onto the market is going to have to start at these lower prices, and they will then sell for 10-20% less next spring??!! Its going to be a long game. I originally thought February 2010 would be ok to buy but now I am not so sure, more like winter 2010-11 I reckon or even a year later. Personally if we can buy at 35-40% off peak we will go for it, though I have to say the longer we rent the more I am inclined to rent forever! Just need £1000 a month (index linked) on the pension, then when you are retired if you feel like going on a cruise for a year can just up sticks and off you go with £12k in your pocket! Wife will never agree though!
  3. Good stuff, can we have a transcript as I have no speakers at work!!
  4. roblpm

    Edinbugh Latest

    TTD, I have no idea one way or the other, just as ccc says I havent seen it before. I shall keep an eye on the one I flagged up and report back. We actually looked round it a while ago and might have bought it at half the price! Its been on the market for absolutely ages!
  5. roblpm

    Edinbugh Latest

    I just spotted an "Under Offer" one too! http://www.espc.com/Buying/270535.html
  6. OK own up, who bought Ethel Terrace?? Gone off ESPC today. I thought this would sell as priced way udner the other terraces in the area, now the long wait to see what it actually sold for!
  7. roblpm

    Edinbugh Latest

    There's something else about this report that makes it not so interesting. They only sold 212 properties in February, as I have pointed out before, surely as the sample size gets smaller the averages mean less and less, ie when they sell 1 property a month the average isnt going to mean much at all?? I reckon we are already nearly 20% off the real peak prices, ie in Greenbank done up bungalows were going for £500k and now wont shift for over £400, Terraces in Morningside that were £650k now back under £500k. But the main point is that its diffcult to tell as there are so few transactions.
  8. roblpm

    Edinbugh Latest

    Aha!! funny I never noticed that!! Anyway can't see how to edit it! Back to sleep zzzzzzzzzzzzzzzzzzzzzzzzzzz Edited so at least this post has excellent spelling!
  9. roblpm

    Edinbugh Latest

    Guys, the most exciting thing that has happened to me in the last year was starting this thread, so dont you dare try and start a new one!! My life is so limited that making the millionth post on HPC was a big event for me, unfortunately unrecognised by the masses.
  10. Seems to be the Roger Pryor from here: http://www.hclp.co.uk/ He must read this site! See his predictions below: I know only too well the curse of Roger Bootle but if you are interested and follow form then here is my prognostication for 2009. • House prices nationally will be back to their level in 2001. A fall for many from the peak of around 50%. • Repossessions will rise in 2009 to over 75,000. A tenth of all homes sold! • The number of estate agents will fall by one third to around 7,500 offices. • The Nationwide and Halifax indices will register 15% falls but will still be behind the times. • The Land Registry will still lag since they don't include repossessions in their stats. • Average asking prices will stabilise about 15% below where they are today. • Volume of sales in England and Wales will rise slightly to around 750,000 • Total number of different mortgages available will fall to under 1000. (from 3,400 a the end of 2007 and over 8,000 in 2006). • £63m will be raised for the Exchequer from VAT charged on Home Information Packs that weren't needed because the property never sold.
  11. Hey thats my mate's flat!! Container City at Trinity Buoy Wharf opposite the dome in London. Great place, but cold in the winter and hot in the summer!!
  12. We need a Hillbilly Index. MH Can you sort it out?? Published monthly. Target price for various types of property etc etc
  13. Funny thing is that gilt yields are still lower than they were a few months ago??
  14. Have a look at this graph from http://www.myhouseprice.com/marketanalysis...lysisCharts.cfm Based on Registers of Scotland Data Must be skewed by low transaction data, but the first time I have seen anything like it!!!!!!!!!!!!!!!!!!!! Edited to actually add the attachment!!
  15. roblpm

    Edinbugh Latest

    Just the interest. ie £155,000 * 0.06 /52 = £178.85 If you try here http://www.drcalculator.com/mortgage/ you will see that a 25 year repayment mortgage on £155,000 at 6% gives a monthly payment of £998.67 (or £230.46 a week) taking the payments up to about 27% of gross income. If you then factor in Income Tax etc, £23795 annual income is about £18,226 net and £20732 is about £16,112, total net income is about £34338 taking the payments up to about 35% of net income. (I have ignored tax credits which wont amount to that much on this sort of joint salary). I would have thought 35% is quite high??
  16. I think this will sell as this is the first decent house come on in that imediate area sub £500k for a long time. This is going to be a long process!! But this will drag prices down in the area if it sells for sub £500k. The people in the post above at FP £710k are going to be spitting!!
  17. Any ideas?? Want to use all 7k of tax free allowance per year but dont want to risk capital in these volatile times? Gilts seem to me to be due for a massive fall as the government has to issue huge amounts of debt. Cash funds?? What are they?? And are they gone after the L&G fiasco? Hmmmmmmmmm Maybe just forget it? And leave the money in taxed savings accounts??
  18. Can someone comment on whether mere mortals can get a 4% annuity at the age of 50?? Is this right?? My maths go £650000/£16000000 = 0.040625 or 4.0625% Hmmmmmmmm
  19. The more EAs on here the merrier! So keep posting!! And get your vendors to drop their prices!! Then you might not go bust!!
  20. Luckily we are going to end up in bungalow land which I seem to remember fflump dismissed! I'm not ever going to bid for anything anyway. Plenty of stuff on FP now and plenty to go around soon I think!!
  21. For the first time in months in the areas I am monitoring, ie Morningside, Greenbank and Braids a couple of properties came on at prices well under what they would have been a year ago: 9 Ethel Terrace, EDINBURGH, EH10 5NB Terraced House, In The Region Of £485,000 http://www.espc.com/Buying/273143.html 64 Greenbank Road, EDINBURGH, EH10 5RJ Detached Bungalow, Offers Over £370,000 http://www.espc.com/Buying/273718.html And maybe one for Muswell Hillbilly to comment on in Marchmont: 1F1, 3 Spottiswoode Street EDINBURGH, EH9 1EP Offers Over £205,000 http://www.espc.com/Buying/273492.html Then again there is still!!!: 8 Bruntsfield Gardens, EDINBURGH, EH10 4EA Maindoor Flat, Offers Over £275,000 http://www.espc.com/Buying/273674.html
  22. Crikey this is bringing the reght wingers out of the woodwork! The only people I can see benefitting out of not having CGT on primary residences are the wealthy. Everyone gets a 9kish allowance a year so if someone made a joint gain of 18k they would have no tax to pay anyway. So suits me personally, (I buy a house for 500k at the bottom in 2-3 years then sell it for a million in 20 years when the kids have left home and have a nice tax free nest egg to retire on) but is crap for general society. I thought HPC was against property bubbles?? But maybe not!!
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