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ngn

Beginning To Break The £250K Support Level

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Once that goes it will form a very solid resistance level. Of course, assuming the U-Tory Party doesn't do away with Stamp Duty.

Anyone else seeing this?

http://www.rightmove.co.uk/property-for-sale/property-27900190.html

http://www.rightmove.co.uk/property-for-sale/property-27535597.html

http://www.rightmove.co.uk/property-for-sale/property-25405066.html

http://www.rightmove.co.uk/property-for-sale/property-16621551.html

http://www.rightmove.co.uk/property-for-sale/property-28032451.html

looking back over these, I am left depressed at the awfulness of the "average" 3/4 semi in this country. Look what £240k gets you in the US:

http://www.kw.com/homes-for-sale/80128/CO/LITTLETON/9306-WEST-QUARLES-Place/3yd-METROLIST-953910.html (random selection)

Ignoring the fact that average house hold earnings are £32,950 making a £240k home still over 7x income.

http://www.thisistotalessex.co.uk/news/CHELMSFORD-Getting-housing-ladder-hard/article-885351-detail/article.html

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Once that goes it will form a very solid resistance level. Of course, assuming the U-Tory Party doesn't do away with Stamp Duty.

Anyone else seeing this?

http://www.rightmove.co.uk/property-for-sale/property-27900190.html

http://www.rightmove.co.uk/property-for-sale/property-27535597.html

http://www.rightmove.co.uk/property-for-sale/property-25405066.html

http://www.rightmove.co.uk/property-for-sale/property-16621551.html

http://www.rightmove.co.uk/property-for-sale/property-28032451.html

looking back over these, I am left depressed at the awfulness of the "average" 3/4 semi in this country. Look what £240k gets you in the US:

http://www.kw.com/homes-for-sale/80128/CO/LITTLETON/9306-WEST-QUARLES-Place/3yd-METROLIST-953910.html (random selection)

Ignoring the fact that average house hold earnings are £32,950 making a £240k home still over 7x income.

http://www.thisistotalessex.co.uk/news/CHELMSFORD-Getting-housing-ladder-hard/article-885351-detail/article.html

I am seeing a lot of rather nasty bungalows in my area (East of Brighton) dip well below £250k to around £220k and those that were £280k at the beginning of the year listed at £250k which seems to be the most common price given the tax threshold at this level.

But you are right--what does a quarter of a million pounds or 8 times average salary buy compared with the US? Or even compared with Spain or Portugal. I am looking at all 3 of those markets for retirement and just make do here in a rental albeit at great expense for the hovel you get for £1k a month (one of those nasty £220k bungalows in need of much modernisation and stain free carpets etc.).

Without a drop of AT LEAST 20% on top of this year's 12% or so drop I ain't buyin and I am unanimous in that.

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looking back over these, I am left depressed at the awfulness of the "average" 3/4 semi in this country. Look what £240k gets you in the US:

A lot depends on where in the US you're talking about. My sister lives in Cambridge, Mass. (near Boston) where what we think of as a 'typical' American home can easily set you back $2m+ and prices of nothing-special 2 bed flats are comparable to nicer parts of outer London.

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A lot depends on where in the US you're talking about. My sister lives in Cambridge, Mass. (near Boston) where what we think of as a 'typical' American home can easily set you back $2m+ and prices of nothing-special 2 bed flats are comparable to nicer parts of outer London.

The point is that in the US it is possible to buy a very nice home in just about all of the States for $250,000 whereas in the UK the equivalent in £ buys you a dump--even in the less desirable parts of the UK.

Even in San Diego county--possibly the most desireable county in the US due to perfect climate, $250,000 will buy you a very nice Condo of about 1350 sq feet and view of the golf course and less than 2 miles from the beach ($500k at the peak).

http://coldwellbankerresidentialbrokerage.94002301.900624.idx.coldwellbanker.com/propertysearch/propertydetail.aspx?lid=27840889aTop

$229k

Edited by Realistbear

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Once that goes it will form a very solid resistance level. Of course, assuming the U-Tory Party doesn't do away with Stamp Duty.

Anyone else seeing this?

http://www.rightmove.co.uk/property-for-sale/property-27900190.html

http://www.rightmove.co.uk/property-for-sale/property-27535597.html

http://www.rightmove.co.uk/property-for-sale/property-25405066.html

http://www.rightmove.co.uk/property-for-sale/property-16621551.html

http://www.rightmove.co.uk/property-for-sale/property-28032451.html

looking back over these, I am left depressed at the awfulness of the "average" 3/4 semi in this country. Look what £240k gets you in the US:

http://www.kw.com/homes-for-sale/80128/CO/LITTLETON/9306-WEST-QUARLES-Place/3yd-METROLIST-953910.html (random selection)

Ignoring the fact that average house hold earnings are £32,950 making a £240k home still over 7x income.

http://www.thisistotalessex.co.uk/news/CHELMSFORD-Getting-housing-ladder-hard/article-885351-detail/article.html

Bleh, Chelmer Village, Moulsham Lodge not so bad, particularly around Gloucester avenue, but I'm waiting for those period places in old Moulsham to drop. In fact I'm going to make an insulting offer on one this weekend.

Market is flat though; have EA's treating my like royalty at the moment. Ho ho.

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I am seeing a lot of rather nasty bungalows in my area (East of Brighton) dip well below £250k to around £220k and those that were £280k at the beginning of the year listed at £250k which seems to be the most common price given the tax threshold at this level.

I think you are right the £280k beginning of next year falling to £250k by the beginning of the year after. ;)

Edited by winkie

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It seems we are getting 'bleed through' from a parallel universe where Chelmsford is a desirable place to live.

Despite the delightful picture on the Wikipedia entry for this place, Chelmer village is a charming little conglomeration of papiermache cheek-by-jowls built on the main local flood plain of the river Chelmer during the last housing boom. I guess that makes them well built manisons by the standards of the last few years, but I still wouldnt touch one with yours, metaphorically speaking: It's all relative I suppose.

I remember going to look at one particular repo in Chelmer village in about 93 that looked like they just had the SAS round to rescue some hostages. Then had burglars round to tidy up the debris. I dont recommend leaning on any internal walls in these places. That said, I dont recommend you walk through upstairs rooms (or tarry in the downstairs rooms) in some of the local newbuilds put up in the area in the latest boom. Like I say, it's all relative...

Edited by General Melchett

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  • 284 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%



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