TheCountOfNowhere Posted October 14, 2015 Share Posted October 14, 2015 (edited) https://www.google.co.uk/finance?q=LON%3AFOXT&ei=b8oeVpmPItXGUcLVudgJ Nice healthy 6% loss for foxtons today. What will tomorrow bring see my Foxton thread post last week. by all accounts could be a bad month.a sure sign the collapse is here. whatever happens in London will be much worse for the idiots that overpaid then they moved out of London Edited October 14, 2015 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Frizzers Posted October 14, 2015 Share Posted October 14, 2015 Lawyer ranting, a great read, ultimately pisses you off, but re-motivates you into activism: House prices and crime The cumbersome regime imposed on solicitors to tackle money laundering is not working. The evidence is in sky-high house prices. http://www.lawgazette.co.uk/analysis/comment-and-opinion/house-prices-and-crime/5051538.fullarticle Quote Link to comment Share on other sites More sharing options...
Frizzers Posted October 14, 2015 Share Posted October 14, 2015 Whisper it softly. Don't premature congratulate. Keep it to yourselves. But here are BDEV, TW and BKG over the past month: http://stockcharts.com/h-sc/ui?s=BKG.L&p=120&yr=0&mn=1&dy=0&id=p45940409556 Quote Link to comment Share on other sites More sharing options...
Frizzers Posted October 14, 2015 Share Posted October 14, 2015 This one's got Foxtons and Countrywide in there too. http://stockcharts.com/h-sc/ui?s=BKG.L&p=D&yr=0&mn=1&dy=0&id=p09449401556 Quote Link to comment Share on other sites More sharing options...
Frizzers Posted October 14, 2015 Share Posted October 14, 2015 Here's 5 years of the builders. http://stockcharts.com/h-sc/ui?s=BKG.L&p=D&yr=5&mn=1&dy=0&id=p39238664382 These f*ckers have topped, I'm sure about it. At least for tonight I am. Quote Link to comment Share on other sites More sharing options...
Frizzers Posted October 14, 2015 Share Posted October 14, 2015 I keep saying it but it starts with BPS. There's a problem brewing at the Battersea Power Station development, and it's all to do with the Malaysia's currency, the ringgit. http://uk.businessinsider.com/cheap-flat-in-battersea-power-station-malaysian-ringgit-collapse-2015-10 Quote Link to comment Share on other sites More sharing options...
Frizzers Posted October 14, 2015 Share Posted October 14, 2015 Ringgit's fallen by 25% against the pound http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=MYRGBP&insttype=Currency&freq=2&show=&time=12 Quote Link to comment Share on other sites More sharing options...
Frizzers Posted October 14, 2015 Share Posted October 14, 2015 Malaysian stock market down 30% http://stockcharts.com/h-sc/ui?s=EWM&p=W&yr=5&mn=0&dy=0&id=p83485269040 Quote Link to comment Share on other sites More sharing options...
Frizzers Posted October 14, 2015 Share Posted October 14, 2015 I haven't got a confirmed sell signal. I may revise in the morning. But with the confidence of too many glasses of wine, I reckon the builders topped in Sept. Game ******in' Over. Quote Link to comment Share on other sites More sharing options...
richc Posted October 14, 2015 Share Posted October 14, 2015 (edited) Someone must have shed a tear today in Wapping (E1W): http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=OUTCODE^754&insId=1&maxDaysSinceAdded=1&includeSSTC=true&_includeSSTC=on&sortType=&numberOfPropertiesPerPage=10 Entire development slashed by 10%. It looks more or less like they managed to sell ZERO since they released it on the market last year. Features include: Wall mounted i-pod docking station It's a 2-bed flat for £1.5 million that doesn't have an actual kitchen but it does have a built-in iPod docking station. Does anyone even have an iPod anymore? Edited October 14, 2015 by richc Quote Link to comment Share on other sites More sharing options...
Venger Posted October 14, 2015 Share Posted October 14, 2015 Lawyer ranting, a great read, ultimately pisses you off, but re-motivates you into activism: House prices and crime The cumbersome regime imposed on solicitors to tackle money laundering is not working. The evidence is in sky-high house prices. http://www.lawgazette.co.uk/analysis/comment-and-opinion/house-prices-and-crime/5051538.fullarticle When things begin to unwind, I suspect some other market creditors from around the world, will be laying claim, and seeking possession of, some of the houses bought by foreign money in recent years. A tussle. As well as just general owners seeking to sell at lower prices to get out (ahead) of a bear market. Even the courts are stepping in to ensure HMRC gets paid its due rather than spent into nothing, from the boom-time forever hpiers when circumstances change. http://www.mirror.co.uk/news/uk-news/wife-ordered-sell-247-million-6562561 Quote Link to comment Share on other sites More sharing options...
steve99 Posted October 15, 2015 Share Posted October 15, 2015 There is some huge amount of seriously corrupt money coming from Malaysia, just like China, a property scam in Australia using ill gotten Malaysian$$$ was uncovered recently.. Quote Link to comment Share on other sites More sharing options...
Damik Posted October 15, 2015 Author Share Posted October 15, 2015 Here we go; Prime London going down; how long does it take for 10% fall ???? http://www.propertywire.com/news/europe/london-emerging-property-market-2015101511094.html Property prices in South West London were down 0.5% in the third quarter of 2015, compared to last quarter and by 1.08% compared to the same period last year, new data shows. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted October 15, 2015 Share Posted October 15, 2015 See first quote in my sig Quote Link to comment Share on other sites More sharing options...
Meerkat Posted October 15, 2015 Share Posted October 15, 2015 See first quote in my sig It will be an elevator on the way down... Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 15, 2015 Share Posted October 15, 2015 There is some huge amount of seriously corrupt money coming from Malaysia, just like China, a property scam in Australia using ill gotten Malaysian$$$ was uncovered recently.. The government and the ever vigilant BoE will undoubtedly act today.... Quote Link to comment Share on other sites More sharing options...
Damik Posted October 15, 2015 Author Share Posted October 15, 2015 Can not read as behind the paywall: https://www.primeresi.com/no-price-growth-for-londons-top-end-in-2016-savills/66101/ No price growth for London’s top-end in 2016 – Savills Quote Link to comment Share on other sites More sharing options...
zugzwang Posted October 15, 2015 Share Posted October 15, 2015 The government and the ever vigilant BoE will undoubtedly act today.... Osborne loves Chinese communism, that much we do know. And no doubt the Tories have some serious kowtowing planned for President Zippy's forthcoming visit. Quote Link to comment Share on other sites More sharing options...
pipllman Posted October 15, 2015 Share Posted October 15, 2015 Can not read as behind the paywall: https://www.primeresi.com/no-price-growth-for-londons-top-end-in-2016-savills/66101/ No price growth for London’s top-end in 2016 – Savills There are three bits of research with today's date on the savills website. Not sure which one it is Crossing London's Prime Thresholds http://www.savills.co.uk/research_articles/141285/192937-0 --- A Shift in Emphasis http://www.savills.co.uk/research_articles/141285/192931-0 --- Prime London Residential Markets http://www.savills.co.uk/research_articles/141285/192836-0 Quote Link to comment Share on other sites More sharing options...
Damik Posted October 15, 2015 Author Share Posted October 15, 2015 There are three bits of research with today's date on the savills website. Not sure which one it is Crossing London's Prime Thresholds http://www.savills.co.uk/research_articles/141285/192937-0 --- A Shift in Emphasis http://www.savills.co.uk/research_articles/141285/192931-0 --- Prime London Residential Markets http://www.savills.co.uk/research_articles/141285/192836-0 your 2nd one: http://www.savills.co.uk/research_articles/141285/192931-0 Over the past year, price changes have broadly reflected stamp duty increases at different price points and therefore growth has been concentrated in the sub £2m market. Homes in the £500k to £1m range, which are subject to lower stamp duty charges, have risen by 3.0% year on year, and in the £1-2m range by a marginal 0.9%. By contrast, those over £2m have adjusted by an average of -2.6% and those over £5m by -4.7%. Quote Link to comment Share on other sites More sharing options...
Meerkat Posted October 15, 2015 Share Posted October 15, 2015 (edited) Can not read as behind the paywall: https://www.primeresi.com/no-price-growth-for-londons-top-end-in-2016-savills/66101/ No price growth for London’s top-end in 2016 – Savills What did they say a year ago ... Edit: a forecast of +8.0% in 2016 - sunny, no clouds, that's as of Jan, 2015.... Edited October 15, 2015 by Meerkat Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted October 15, 2015 Share Posted October 15, 2015 Did anyone watch that C4 programme about Million Pound Houses or whatever it was last night? That old thespian who thought his Chelsea flat was worth £1m. Agent valued it at £1.2m then came the bombshell that he only had 19 years left on the lease... Suddenly it was only worth £600k. His face was a picture. I burst out laughing. The entitled muppet then had the gall to start whining about how overpriced property is!!! One of the best things I've seen on TV for ages. More of this please, MSM! Quote Link to comment Share on other sites More sharing options...
Venger Posted October 15, 2015 Share Posted October 15, 2015 (edited) Did anyone watch that C4 programme about Million Pound Houses or whatever it was last night? That old thespian who thought his Chelsea flat was worth £1m. Agent valued it at £1.2m then came the bombshell that he only had 19 years left on the lease... Suddenly it was only worth £600k. His face was a picture. I burst out laughing. The entitled muppet then had the gall to start whining about how overpriced property is!!! One of the best things I've seen on TV for ages. More of this please, MSM! No but I want to watch it. I just tried to find it on 4OD. It might appear soon, for the latest one is some blonde sloane-ranger type looking/sounding young girl. Begin the breakdown/excuse/victimhood. (Unless that guy also appears in this episode). Lily, who's 22, goes house hunting armed with a million-pound trust fund. [starts] My brother showed me a property earlier that was £1.3 million. I don't know; is that cheap or expensive? http://www.channel4.com/programmes/million-pound-properties/on-demand/60053-003 Edited October 15, 2015 by Venger Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted October 15, 2015 Share Posted October 15, 2015 No but I want to watch it. I just tried to find it on 4OD. It might appear soon, for the latest one is some blonde sloane-ranger type looking/sounding young girl. Begin the breakdown/excuse/victimhood. (Unless that guy also appears in this episode). That sounds like the same episode. She didn't want to buy a £1.6m house because there was council housing nearby. Typical upper crust layabout trustfunders who rarely got out of bed before 11am. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted October 15, 2015 Share Posted October 15, 2015 Bl00dy never been out of work. Never experienced getting up at 2pm and having prawn cocktail crisps for breakfast. Quote Link to comment Share on other sites More sharing options...
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