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Frizzers

Uk Property Show No 1

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No worries. It's well worth listening to.. although the 'listen now' button isn't too obvious. I was looking for a written piece!

To those who want to hear the interview - hit 'LINK' above & scroll down & hit the little grey 'Listen Now' button.

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Frizzers, do you know when was the interview recorded? Earlier this summer was mentioned.

It's just that Douglas & Gordon's latest September Market Report sounds quite a bit more bullish, suggesting that this summer's gains have wiped out last winter's losses, back to 0% YoY. A bit disappointing as the London Market sets the trend for the rest of the country.

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Frizzers, do you know when was the interview recorded? Earlier this summer was mentioned.

It's just that Douglas & Gordon's latest September Market Report sounds quite a bit more bullish, suggesting that this summer's gains have wiped out last winter's losses, back to 0% YoY. A bit disappointing as the London Market sets the trend for the rest of the country.

i think the difference in tone is partly due to the difference in date, but mostly because the D&G report is marketing material - in an interview for a supposedly credible podcast, i doubt they'd have broadcast it if he'd launched into a big ramp.

also fair to mention that there is no description whatsoever of how the EA's 'capital value' index is constructed, e.g. whether it's mix adjusted, or whether based on asking or selling prices. all published data on sold prices shows that prices in all regions are down on a year ago.

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As some have pointed out, a little out of date.

However, one point that Ed makes that does seem perfectly sensible is the effect that Non Doms have had on London (and as a consequence, the UK in general):

Previous £1-2m buyers in Chelsea/Belgravia have been pushed to Wandsworth.

Previous Wandsworth buyers have been pushed further in to Surrey, etc. The ripples flow outward

Anyone relocating from London areas is still likely to be able to easily buy an equivalent house outside of London, particularly if they are leaving the south east. Friends of friends have just sold a 4 bed London home (20% discount to peak) and have bought an 6 bed house in Yorkshire with plenty of change.

Such hot money flows has driven increasing valuations well away from London. It only takes one "London-based" bid to permanently affect sentiment and expectations in a non-London area.

Monty

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