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SamuearlJackson

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Everything posted by SamuearlJackson

  1. Rents are going down in prime central and prime outer London. ”Average rental values in prime central London fell by 1.7% in May, taking the annual change to -3.9%. Meanwhile, the monthly decline in prime outer London was 1.6% in May, producing an annual decline of 4.7%. The quarterly decline of 4.7% recorded in May in prime central London is the largest such drop since March 2009, as the market felt the impact of the global financial crisis.” From the most recent Knight Frank rental report: https://www.knightfrank.co.uk/research/article/2020-06-04-lettings-demand-rises-as-
  2. The May report is out from Knight Frank and has revised numbers for April (significantly more negative than in the May report) in it. Prices are down. https://www.knightfrank.co.uk/research/article/2020-06-03-downwards-pressure-on-prices-eases-as-demand-rebounds
  3. The calm before the storm. Prime Central London -0.3% month-to-month and -1.3% over 12 months according to the April Knight Frank report: https://www.knightfrank.co.uk/research/article/2020-05-11-prime-london-sales-market-during-lockdown-the-numbers
  4. It's been a while since I've posted one of these. Prime Central London still going down according to the most recent Knight Frank report: https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-november-2019-6840.pdf -3.1% annual, -0.4% 3 months, -0.2% 1 month. The index looks to have topped out in August 2015 at 6427.2 and is now at 5534.2, meaning a change of -13.9% from peak to current low.
  5. Knight Frank July report is out. Still going down: https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-july-2019-6545.pdf
  6. Still going down. Knight-Frank June update is in and the headline figures are... Prime Inner London: -4.9% last 12 months, -0.7% last 3 months, -0.3% last month Prime Outer London: -4.1% last 12 months, -0.2% last 3 months, -0.2% last month Report is here: https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-june-2019-6482.pdf
  7. The Knight-Frank Prime London report for March is out and confirms that the descent continues: https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-march-2019-6278.pdf Prime central London: -5.1% over 12 months, -1.3% over 3 months, -0.4% in the last month Prime outer London: -4.6% over 12 months, -1.2% over 3 months, -0.2% in the last month Also recommended is the January report that has a couple of good graphs (Figures 1 and 4): https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-january-2019-6113
  8. This looks like someone’s going to be taking a significant haircut in Trumpington, although who knows what tricks were used to make the initial selling price as large as possible: https://www.zoopla.co.uk/for-sale/details/45971012 Last sold for £715000 in 2017 and now on at £575000.
  9. Time for the monthly update from Knight Frank. Here’s the November report: http:// https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-november-2018-6030.pdf Prime Central London: -4.0% 12 months, -1.7% 3 months, -0.5% 1 month Prime Outer London: -4.8% 12 months, -1.6% 3 months, -0.7% 1 month Prime Central London is defined in the index as covering: Aldgate & the City, Belgravia, Chelsea, Hyde Park, Islington, Kensington, Knightsbridge, Marylebone, Mayfair, Notting Hill, Riverside, South Kensington, St John’s Wood, To
  10. The Knight-Frank October report is out: https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-october-2018-5960.pdf Prime Central London: -3.6% 12 months, -1.8% 3 months, -0.7% 1 month Prime Outer London: -4.7% 12 months, -1.2% 3 months, -0.5% 1 month Prime Central London is defined in the index as covering: Aldgate & the City, Belgravia, Chelsea, Hyde Park, Islington, Kensington, Knightsbridge, Marylebone, Mayfair, Notting Hill, Riverside, South Kensington, St John’s Wood, Tower Bridge and Victoria. Prime Outer London comprises Barne
  11. Knight Frank September data is as follows: Prime Central London -2.9% year on year, -1.4% in the last quarter Prime Outer London -4.3% year on year, -1.2% in the last quarter
  12. The Knight Frank July 2018 Prime London report is out: https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-july-2018-5735.pdf Headline figures: Prime London -1.9% 12 months, -0.8% 3 months, -0.2% 1 month Prime Outer London -4.0% 12 months, -1.2% 3 months, -0.5% 1 month Prime central London is defined in the index as covering: Aldgate & the City, Belgravia, Chelsea, Hyde Park, Islington, Kensington, Knightsbridge, Marylebone, Mayfair, Notting Hill, Riverside, South Kensington, St John’s Wood, Tower Bridge and Victoria. Prime O
  13. It looks like the second one doesn’t include the two bed cottage, but they didn’t bother take it out of the floor plans or the map of what’s included...
  14. The price of farmland peaked in mid-2015 at £8306/acre and currently is at £7313/acre: https://kfcontent.blob.core.windows.net/research/157/documents/en/english-farmland-index-q2-2017-4813.pdf
  15. Dr Beck is not happy with The Guardian:https://www.property118.com/guardians-current-onslaught-private-landlords/ "when landlords evict someone, they then house someone else, so they still provide the same amount of housing; they are not engaged in ‘buy to leave’ and leaving properties empty; but rather maximising the use of housing as is needed in a housing crisis". Just like when a BTLer sells a property it doesn't disappear into thin air and reduce the housing stock.
  16. Agree with that Count. This is a good map from Knight Frank if anyone missed it earlier in the year: https://kfcontent.blob.core.windows.net/research/734/documents/en/march-2017-4588.pdf
  17. It looks like the 12 month change has been negative for a while using the Knight Frank measure (for over a year which suggests price falls for the last two years).
  18. Knight Frank's latest PCL report states that PCL prices are -5.9% year on year and -0.1% in the last month: http://www.knightfrank.co.uk/blog/2017/08/03/prime-central-london-sales-index-july-2017 PCL rents are -3.7% year on year and -0.4% in the last three months: http://www.knightfrank.co.uk/blog/2017/08/03/prime-central-london-lettings-index-july-2017
  19. Who did these numbers for the BTLegraph? They are absolute nonsense if you do even a superficial level of analysis. Let's look at his 37 properties that apparently have a market value of £3.4million and which he owes £1.5 million on. The article says he can sell the "seven most valuable properties" to "leave him mortgage-free" and he would "own £1.9 million properties". That would mean that the seven properties that were sold had a current market value of £1.5million (£3.4M - £1.9M), but he would have to own them outright to pay off the £1.5million owed on his portfolio but that wo
  20. "The original tenancy agreements have been signed with the letting agent. We also believe that some deposits were protected under a scheme and some were not." I can't believe these enterprising businessmen and women wouldn't have made sure the deposits of their tenants had been properly protected and the tenants informed within the appropriate time. Good luck getting the tenants out of your property!
  21. “Accidental landlords” like Miss Fernandez Oh dear...
  22. I learnt pretty much everything I know about investing from reading and posting on the bogleheads forum. There are a few active UK posters and I thoroughly recommend it. The basics that I try to stick to are: i) Expenses matter - pick only low cost funds/providers ii) Know that you're not smarter than the market. You may get lucky, or you may not, but don't kid yourself that you're some kind of investing superstar if you make more than the market. iii) Don't overestimate your appetite for risk such that you sell when the market turns south. You won't be able to tell how ris
  23. The Knight Frank sales and rental PCL updates for May are in. The headline figures are sale prices -0.2% in last three months and -6.6% over twelve months, and rent -0.3% in last three months and -4.8% over twelve months. http://www.knightfrank.co.uk/blog/2017/06/07/prime-central-london-sales-report-may-2017 http://www.knightfrank.co.uk/blog/2017/06/07/prime-central-london-lettings-may-2017
  24. She's living in Dorset but bought in London as an accidental landlord with a BTL mortgage. Hmm. I'm sure we'll all be crying into our bowls of cornflakes when she gets put on the SVR and her £290 a month interest becomes £700.
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