Bubble & Squeak

fortunately for him his BTL purchase recently fell through he was disappointed but vowed to find another one

this is my thinking an' all theres bound to be a rush of bomads with more (of their parents) money than sense who rush in to save money (that was given to them) on stamp duty before prices carry on going up

people just want a BTL no reason or logic behind it a guy at work recently went on a BTL course and was banging on about it when i pointed out that the yields are dangerously low the best he could come back with was "i just want one" that really sums it up

i saw a couple of bomads viewing it a few weeks back really surprised they didn't buy it with their parents equity

just saw a canny investor walk out of this one with the EA going on about how much money is currently being ploughed into haringey http://www.rightmove.co.uk/property-for-sale/property-48331352.html

with regards to leyton a friend of mine had his offer of £380k accepted on a house near the tube station in october 2013 which didn't complete until around august this year. in that time asking prices on that street shot up and peaked at £450k. the last one sold for around £410k. houses around the tube station are still going for silly money but i think the bomads have realised that its pretty pointless wasting your parents money on a house no where near an underground station

interesting price history here http://www.rightmove.co.uk/property-for-sale/property-42344851.html didn't sell at £290k so they put it up to £350k that didn't work so they put it up to £450k guess what? no takers? lets try £425k no bomads? £400k, £380k, £350k where next? back up to £400k?

the flurry of price increases i was expecting in my areas of interest has failed to materialise. in fact, nowt but decreases today. maybe the london market is too weak for such fun and games at the moment?

unfortunately not. until very recently people were actually buying at these prices.

looks like no one in asia wants them so they've cut the prices to a level they think domestic buyers can afford

someone is trying to liquidate assets that won't exist until october 2017: http://www.rightmove.co.uk/property-for-sale/property-49285487.html http://www.rightmove.co.uk/property-for-sale/property-49285490.html http://www.rightmove.co.uk/property-for-sale/property-49285493.html http://www.rightmove.co.uk/property-for-sale/property-49285484.html

http://www.rightmove.co.uk/property-for-sale/property-46172536.html;jsessionid=6CA689DFC4D5BFC7E0231B817B78C1C5 the fact that the sale fell through was nothing to do with the inflated price it was just that that set of bomads didn't ask mummy and daddy for enough cash never mind, stick another £25k on the price tag and try again

i had been saving £1,000 a month for 8 years before i tried to buy late last year. even with such a large deposit i didn't stand a chance against the army of bomads outbidding each other for any old rubbish that came on the market.

"An Ideal Speculative Or Investment Purchase" lets see how it works out for them

One small grain of comfort is that the Financial Conduct Authority has promised to review MMR in the first half of next year.

someone who bought at the peak is trying to sell at a price above the peak after the peak

hopefully he'll have nothing left to dole out to "hard working families" to "help" them get on the "property ladder"

just had a little look at sales volumes in walthamstow. the average for 2014 has been well over 100 a months but october was a measly 35. looks like the walthamstow flippers velvet goldmine has turned into an albatross.

ah, well spotted!

is this a flip that flopped? or money laundering? http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=31869618&sale=52059080&country=england http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=31869618&sale=52059083&country=england

will EU QE prop up london house prices??

on a slightly related note i know several people trying to move at the moment. one couple (second generation immigrants) have just missed out on a property they offered above the asking price for because they were unable to sell their current house and refuse to lower the asking price. another couple (third generation immigrants) are currently involved in a bidding war but haven't sold their current house yet and probably wont because they wont reduce the asking price. the third lot (immigrants from outside the eu) sold their property a couple of months back and decided to rent until the market cools off.

pond road is back! http://www.rightmove.co.uk/new-homes-for-sale/property-32795067.html this time posing as a new home (with a hair cut)

walthamstow 17 entries today 7 new 7 cuts 2 fails

don't LR figures have a 4 month average thing going? so 3-4 month lag between a price being agreed and sale completed plus a 4 month average?