Jump to content
House Price Crash Forum

Jc86

New Members
  • Content Count

    20
  • Joined

  • Last visited

About Jc86

  • Rank
    HPC Newbie
  1. Yep. Couple that with a 33% rise in number of flats for sale (excluding the multiple identical new builds that only have one listing on rightmove) and you get 10-15% falls (so far...)
  2. 1) Massive number of new build flats. 2) Evaporation of flat sales meaning people can't trade up. Flat sales in Wandsworth down 70%. See graph at bottom: http://www.home.co.uk/guides/house_prices_report.htm?location=wandsworth&startmonth=11&startyear=2013&endmonth=11&endyear=2017 3) Pricing that is out of all proportion to wages for what is generally pretty poor quality houses in often pretty dubious areas. People with extremely high paying jobs wouldn't have dreamed of looking in these areas 10 years ago and yet you now need to be on joint income of £200k+ to pick up a standard 3 bed terrace...
  3. They have also revised down last months HPI YoY number. 7.2% -> 5.7%
  4. Time on the market for London flats definitely ticking up: http://www.home.co.uk/guides/time_on_market_report.htm?location=london&startmonth=01&startyear=2010&endmonth=01&endyear=2017 Now highest since 2010. Prime London looking even shakier: http://www.home.co.uk/guides/time_on_market_report.htm?location=chelsea&startmonth=01&startyear=2008&endmonth=01&endyear=2017
  5. I live in one of the few complete buildings and while there are a few Chinese around (mainly students) the majority are not. However when going around looking at flats to rent I did ask who the landlords were and they were, without fail, far eastern or middle eastern.
  6. Bloomberg also reporting a developer (80 homes) going into receivership Luxury London-Home Development Offered for Sale by Receivers Can't see it online yet but it is showing up on my terminal. Reports that development land value is down 6.7% yoy. Forced sales on the way...
  7. http://www.bloomberg.com/news/articles/2016-10-25/london-house-prices-forecast-to-plunge-as-brexit-chokes-market
  8. Sorry if its already been posted but I haven't seen it yet and thought the forum may enjoy... http://www.telegraph.co.uk/news/2016/06/27/britains-biggest-landlord-caught-in-brexit-turmoil---as-he-attem/ Choice quote: "A number of firms have reported that residential property deals were falling through with one firm, The Partnership, claiming 50 per cent of deals were collapsing, a level it described as “unprecedented”."
  9. For what its worth I'm voting out. Just telling you what I'm seeing and not in any way trying to recommend voting to stay in...
  10. Yeah I'm not saying they are good or a bargain. Hopefully more to follow...
  11. I've been keeping an eye on 1 and 2 beds in Earlsfield/Wandworth area and it seems like are really struggling to shift. Quite a lot of the properties I viewed in December are still on the market and the number and size of reductions are both starting to pick up. My favourites so far: http://www.zoopla.co.uk/for-sale/details/38723880?search_identifier=1ea630ffed26d33382d1da4b352c72ba http://www.zoopla.co.uk/for-sale/details/38723879?search_identifier=1ea630ffed26d33382d1da4b352c72ba#ERXiPDpCHvImlGzh.97 Looks like a BTL investor panicking and selling up ASAP to me. A start of a ripple out from SW8 perhaps?
  12. I've had an email from Barratt today offering to pay stamp duty on their Fulham development. 'One bedroom apartments starting from £699,950'. I'll pass thanks
  13. I've been getting more unsolicited calls from agents. Including two from one agent who started the second call 'I know you said you wanted to wait and see what happens over the next year but...' If they're calling people they know have categorically told them they aren't interested they must be scraping the barrel...
  14. I've been very lucky to end up in a hedge fund that has been doing very well. I don't think it's typical and is unlikely to be repeated this year. Had a few quant jobs before on the derivatives side of things and the pay was more like the range you're talking about
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.