Jump to content
House Price Crash Forum
Sign in to follow this  

House Prices In London

Recommended Posts

Hi All,

I've been coming to HPC for a few years to gain a REAL understanding on what is going on out in the real world so thank you all for the insight.

I thought I would let you know a bit about what I have been seeing of late. I insure high value homes in and around London and it has gone absolutely crazy. Here are some examples:

1) Property on the market for £2.75m. My client buys it for £3m to secure the property as it had over 30 viewings

2) Client offers £2.45 for a lovely home in Hertfordshire but is gazumped at the last minute.

3) 30 year old banker buys a pad in Fulham for £3m and spends £200k 'doing it up'

Meantime in the real world I am having to rent a very small 3 bed house for me, wife and 3 kids because I can not afford a home were I live. As I mentioned the house I am renting is very small but would still cost 6 x income. It is really depressing. Am I just in a job where I am seeing a small number of extremely wealthy owners or is it like this over the rest of the SE?

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 395 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • 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.